Property profile

2975 Russell Rd Las Vegas, NV 89119

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2975 Russell Rd Las Vegas, NV 89119
Las Vegas metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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