2975 Russell Rd, Las Vegas, NV 89119
This exceptional property offers multiple spaces within The Gramercy, a vibrant mixed-use development in Clark County, conveniently located near Russell and the 215 Beltway. Two available spaces range from 3,919 to 4,930 square feet, perfect for a variety of uses including retail, restaurants, or fitness centers. The spaces are beautifully built-out, offering significant cost savings for prospective tenants. One space features a fully built-out coffee shop configuration, while another boasts a fully built-out ground floor office space easily adaptable for restaurant or retail purposes. The development boasts a diverse tenant mix, including Raw Fitness, DW Bistro, and Pinches Tacos, creating a synergistic and thriving environment. Enjoy stunning views of the Las Vegas Strip and surrounding mountains. Ample parking is available with a generous 5:1000 USF ratio, including surface and two levels of subterranean parking. The Gramercy is part of a larger 20-acre master-planned community, encompassing 160 residences with future plans for additional residential units and a boutique hotel, ensuring a strong and growing customer base. This Class A property presents a unique opportunity to establish a presence in a dynamic and desirable location. The multiple tenancy structure allows for flexibility and potential for synergistic partnerships within the development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.