5049 Russell Rd Las Vegas, NV 89118
This exceptional 16,000 square foot Class A retail property, located at 5049 W Russell Rd, Las Vegas, NV 89118, presents a unique investment opportunity. Situated on a substantial 357,192 square foot lot at the southwest corner of Russell Road and Decatur Boulevard, this single-story building boasts prominent visibility and accessibility. Currently entirely vacant, the space is divisible to a minimum of 1,200 square feet, offering flexibility for various retail concepts. The property is ideally suited for build-to-suit development or ground lease arrangements, catering to businesses seeking a high-traffic location. Its strategic position offers convenient access to major transportation arteries, including proximity to the 215 Beltway (approximately 1 mile north) and Interstate 15 (approximately 1.5 miles west), ensuring seamless connectivity to the Las Vegas Strip and McCarran International Airport. The Clark County property (APN 163-36-510-002) was newly constructed in 2025, offering modern amenities and infrastructure. This prime retail space in a rapidly growing area of Southwest Las Vegas presents a compelling opportunity for businesses seeking high visibility and convenient access to a large customer base. The property is classified as Retail, Land, and Restaurant, with a Traditional Office and Commercial subtype. Multiple tenancies are possible.
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.