Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2721 Russell Rd Las Vegas, NV 89120

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • At Home Health Services / Home Health Care Service

    Property Details for 2721 Russell Rd

    Property type
    Office Properties & Spaces

    Description

    This exceptional 1,344-square-foot single-tenant office space is ideally located at 2721 E Russell Rd, Las Vegas, NV 89120. Situated in a single-story office complex, this property offers unparalleled convenience with its proximity to Harry Reid International Airport. The interior layout is highly functional and includes four private offices, providing ample space for individual work or team collaboration. Two private restrooms ensure privacy and convenience for occupants and guests. A dedicated break room offers a comfortable space for relaxation and informal meetings, fostering a positive work environment. A welcoming reception area sets the tone for professional interactions. The property's single-tenant occupancy ensures exclusive use and control over the entire space, eliminating shared common areas and potential conflicts. This turnkey solution is perfect for businesses seeking a well-appointed, efficient, and conveniently located office space in the vibrant Las Vegas market. The property is zoned for traditional office use and offers a straightforward tenancy structure. The address is easily accessible and benefits from excellent visibility and proximity to major transportation routes. This presents a rare opportunity to secure a well-maintained and functional office space in a prime location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.113
    Latitude
    36.0861

    Comparable in this City

    • Value Estimation by Request
      8,404 SF

      3283 Warm Springs Rd

      Medical offices • 8,404 SF
      3283 Warm Springs Rd, Las Vegas, NV 89120
      View Details
    • Value Estimation by Request
      6,787 SF

      3191 Warm Spg Rd Suite 105

      Land • 6,787 SF
      3191 Warm Spg Rd Suite 105, Las Vegas, NV 89120
      View Details
    • Value Estimation by Request
      1,200 SF

      3191 Warm Spg Rd Suite 105

      Land • 1,200 SF
      3191 Warm Spg Rd Suite 105, Las Vegas, NV 89120
      View Details
    • Value Estimation by Request
      7,107 SF

      4070 Russell Rd

      Medical offices • 7,107 SF
      4070 Russell Rd, Las Vegas, NV 89120
      View Details
    • Value Estimation
      $335,000
      1,583 SF

      3199 Warm Spgs Rd Ste, Unit 300

      OFFICE BUILDING • 1,583 SF
      3199 Warm Spgs Rd Ste, Las Vegas, NV 89120-3150
      View Details
    • Value Estimation
      $315,000
      1,925 SF

      3624 Russell Rd

      OFFICE BUILDING • 1,925 SF
      3624 Russell Rd, Las Vegas, NV 89120-2203
      View Details

    Similar Nearby for Sale

    • $1,100,000
      4,500 SF

      Las Vegas Office Building - $1.1M

      Fully Leased Office, Great Investment
      2948 Russell Rd, Las Vegas, NV 89120
      View Details
    • $2,500,000
      11,310 SF

      Executive Office Building, Las Vegas

      Prime location, 11,310 sq ft, owner-user opportunity.
      3470 Russell Rd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      2 SF

      Move-in Ready Office Space

      Bright office suite with private offices, reception, and modern finishes.
      7375 Las Vegas Blvd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      1 SF

      Office Space with Six Offices

      Office space featuring six offices and storage in Las Vegas.
      5868 Las Vegas Blvd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      5,750 SF

      Office Space with Storage

      Office space featuring six offices and storage on 0.46 acres.
      5868 South Pecos., Las Vegas, NV 89120
      View Details
    • Contact for pricing
      7 SF

      Office Space in Las Vegas

      Office space available with attorneys and other organizations.
      3191 East Warm Springs Rd, Las Vegas, NV 89120
      View Details

    Similar Nearby for Lease

    • $19,440 /Mo
      1,200 SF

      Las Vegas Office Space for Lease

      Prime 1,200 sq ft Office Suite in Las Vegas
      3191 Warm Spg Rd Ste 105, Las Vegas, NV 89120
      View Details
    • $22,416
      1,495 SF

      Las Vegas Office Space - 1,495 SF

      Prime Airport Area Office, 38 Parking Spaces
      5868 Pecos Rd, Las Vegas, NV 89120
      View Details
    • $12 SF/Yr
      11,290 SF

      Chandler Office Building: 11,290 SF

      Single-tenant office, prime location.
      2700 Chandler Ave, Las Vegas, NV 89120
      View Details
    • $15 SF/Yr
      42,412 SF

      Turnkey Call Center Space Available

      Modern Flex Space, Ideal for Call Centers
      6320 Pecos Rd, Las Vegas, NV 89120
      View Details
    • $16 SF/Yr
      11,678 SF

      Chandler Office Park: Prime Location

      Las Vegas Office Space: Modern Suites Available
      2700 Chandler Ave, Las Vegas, NV 89120
      View Details
    • $1,218 /Mo
      720 SF

      Functional Office Space Available

      Office space with reception, conference room, and easy access.
      6396 Mcleod Dr, Las Vegas, NV 89120
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2721 Russell Rd
    Las Vegas, NV 89120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.