Modern Office Building Near Airport

3470 E Russell Rd, Las Vegas, NV 89120

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For Sale

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Two-story office building with rentable space near Harry Reid Airport.

Type:Office

Property size:

11,310 SF

Price / SF:

$212/SF

HighLights

Strategic location minutes from Harry Reid International Airport
Approximately 9,430 SF of versatile and rentable space suitable for an owner‑user
Modern‑style, luxury two‑story office building
Includes 12 well‑designed offices, conference rooms, and a reception area
Features an elevator, break room, storage and utility rooms
Offers 17 parking spaces

We can help!

Listing Contact

Paul Chaffee

For Sale

Contact for pricing

Two-story office building with rentable space near Harry Reid Airport.

Type:Office

Property size:

11,310 SF

Price / SF:

$212/SF

Added:: Aug 12, 2024
Days on Market:: 675
Last Refresh:: May 13 at 8:23 pm

Property Features for 3470 E Russell Rd

General Information

Standard status: Active
Size: 11,310 SF
Property subtype: Office

Building Details

Year Built: 2003

We can help!

Listing Contact

Paul Chaffee

Listing agent Paul Chaffee License #NV 1000874

Listing office SVN | The Equity Group

Listing date Aug 12, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SVN | The Equity Group

HighLights

Strategic location minutes from Harry Reid International Airport
Approximately 9,430 SF of versatile and rentable space suitable for an owner‑user
Modern‑style, luxury two‑story office building
Includes 12 well‑designed offices, conference rooms, and a reception area
Features an elevator, break room, storage and utility rooms
Offers 17 parking spaces

Overview

The property at 3470 E Russell Road is a modern-style, two-story office building offering approximately 9,430 square feet of rentable space within a total property size of 11,310 square feet. The building is strategically located minutes from Harry Reid International Airport. It features 12 offices, conference rooms, a reception area, storage and utility rooms, and a break room. The building also includes an elevator and 17 parking spaces. This property is suitable for an owner-user.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$271.4k	$24.00
− Vacancy	−$39.4k	−$3.48
EGI	$232.1k	$20.52
− OpEx	−$58.0k	−$5.13
NOI	$174.1k	$15.39

11,310 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.49M

$2.18M – $2.90M (±1% cap)

NOI $174,061 @ 7.0% cap · market cap 7.25%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$3.91M

$3.42M – $4.56M (±1% cap)

NOI $273,566 @ 7.0% cap · market cap 11.40%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Contessa Court Executive ... Real Estate Agency On Demand Concierge Marketing & Advertising Bancroft Brokerage - Commercial ... Real Estate Agency RHJ Credit Consultants Financial Advisor Convenient Rental Cars Car Rental Facility

Suggested Use

Location Insight

Map
Local Demand

City: Las Vegas
County: Clark
State: Nevada
Longitude: -115.0990673
Latitude: 36.0865214

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For sale
Office buildings
NV
Las Vegas
89120
3470 E Russell Rd

What type of property is this?

Office building - Two-story office building with rentable space near Harry Reid Airport.

Where is this office building located?

The property is located at 3470 E Russell Rd Las Vegas, NV.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: Strategic location minutes from Harry Reid International Airport; Approximately 9,430 SF of versatile and rentable space suitable for an owner‑user; Modern‑style, luxury two‑story office building