Financial
Distress signals
Property profile

2948 Russell Rd Las Vegas, NV 89120

OFF-MARKET
Office buildings
Property ID
US62-1256231
4,580 SF 0.46 ac lot Built 1973
Last sale Feb 2026 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased, single-story office building totaling 4,500 square feet situated on a 0.46-acre lot in Las Vegas, Nevada. The property, built in 1974 and classified as Class C, features three units currently operating at 100% occupancy under a gross lease structure. The primary tenant is a daycare facility, secured under a new 36-month lease (commencing May 15, 2023) with a monthly rent of $7,725.52, including a 4% annual rent increase. This

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$125k
Assessed land$56k
Assessed improvement$69k
Effective rate2.80%

Value estimate

· Sep 2026
$375k
$338k – $413k
CAP approach$1.16M
Sales comparison$872k

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$251/SF
ZIP average, outlier-cleaned · 82 recorded sales of this use type
Observed band · Q1–Q3$190 – $329
Qualifying comparables19

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCLARK

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility8.8
Shoe Repair8.7
Daycare Center8.3

Location

2948 Russell Rd Las Vegas, NV 89120-2453
County assessor Recorded deeds · 12 transfers 19 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5852 Pecos, Las Vegas, NV 89120-3489 $1,300,000 Jul 2025 5,795 SF
3087 Warm Spgs Rd, Las Vegas, NV 89120-3754 $1,444,000 May 2024 5,022 SF
3055 Post, Las Vegas, NV 89120-2791 $1,185,000 Feb 2024 3,948 SF
2785 Russell, Las Vegas, NV 89120-2476 $740,000 Feb 2024 3,685 SF
6094 Sandhill, Las Vegas, NV 89120-2523 $850,000 Jan 2024 4,584 SF
3360 Russell, Las Vegas, NV 89120-3408 $1,200,000 Oct 2023 4,836 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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