3470 Russell Rd Las Vegas, NV 89120
- Office buildings
- 11,685 SF
- 0.59 lot acres
Current Use by Public Records
- Contessa Court Executive Suites / Office Space Rental Agency / Conference Center
- On Demand Concierge / Graphic Designer / Information Services
- Bancroft Brokerage - Commercial Real Estate & Business Brokerage / Commercial Real Estate Agency / Business Development Service
- RHJ Credit Consultants / Credit Counseling Service
- Convenient Rental Cars / Car Rental Agency
Property Details for 3470 Russell Rd
- Year built
- 2003
- Construction
- FRAME
- Lot size
- 0.59 lot acres
- Property size
- 11,685 SF
- Property type
- Office buildings
- APN
- 161-30-401-041
- APU
- 16130401041
Description
This exceptional two-story, 11,310 square foot executive office building presents a unique owner-user opportunity in Las Vegas, Nevada. Located at 3470 E Russell Rd, this Class B property boasts a strategic location minutes from Harry Reid International Airport. Built in 2003 and renovated in 2019, the building sits on a 25,700 square foot lot and is zoned for Commercial Professional use. The 16% occupancy provides immediate income potential for an owner-user seeking to supplement their investment. The building features 12 well-appointed offices, multiple conference rooms, a reception area, ample storage and utility rooms, a break room, and 17 parking spaces. An elevator adds convenience to this modern building. The asking price is $2,500,000, translating to $221.04 per square foot. This property offers a blend of immediate income and versatile space, making it ideal for a business seeking both a headquarters and rental income. The property's features and location combine to create a compelling investment opportunity. The APN is 161-30-401-041.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,830,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,295,000
- 6.5%
- $2,670,000
- 7%
- $2,360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,810,000
- Geo Method
- $2,715,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,465,000
- Retail
- $2,370,000
- Mixed-Use
- $2,250,000
- Hospitality
- $2,715,000
- Educational
- $2,490,000
- Residential Income
- $2,550,000
- Energy
- $2,295,000
- Income-Based Land
- $2,220,000
- Food Service
- $2,485,000
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.099
- Latitude
- 36.0865
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
