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Property profile & analytics
FOR LEASE
Strip malls
3380 E Russell Rd Las Vegas, NV 89120
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0538376
For Lease
1 / 2
Contact for pricing
3380 E Russell Rd, Las Vegas, NV 89120
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Construction
FRAME
Total area
11,520 SF
Lot
1.1 ac (47,916 SF)
APN
162-25-815-002
UPID
US62-0538376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
My Doctor Posh Physician
-
Scales 'N Tails Las Vegas #2 (Bike/Boat/Book/etc) Store Pet Store
-
Nail Art Nail Salon
-
Taxsmart Accounting Firm
-
NerdsToGo - Las Vegas, NV Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
Viv Pecos Russell LLC · 4 yrs held
Viv Pecos Russell LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,305,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$234 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,398
Tax year 2023
Assessed value
$508,350
Assessed 2024
Previous assessed
$476,896
+6.6% YoY
Effective rate
2.44%
On assessed value
Assessed land
$150,935
Assessed improvement
$357,415
Land market value
$431,243
Improvement market value
$1,021,186
Total market value
$1,452,429
Applied tax rate
470.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1997
Construction
FRAME
Heating
YES
Stories
1
Units
1
Total area
11,520 SF
Lot
1.1 ac (47,916 SF)
APN
162-25-815-002
UPID
US62-0538376
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$4.3M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
YES
Stories
1
Units
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Viv Pecos Russell LLC
Entity
Mailing address
1333 N BUFFALO DR UNIT #120, LAS VEGAS, NV 89128-3636
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
—
Viv Pecos Russell LLC
Andrew Beath
Bargain And Sale Deed
$1,400,000 · Meadows Bank
Feb 25, 2020
—
Dolomite
Karakoram LLC
Quit Claim Deed
related
—
Sep 26, 2012
$775,000
Andrew Beath
Coastline Re Holdings Nv Corp
Grant Deed
—
Mar 5, 2012
$995,000
Coastline Re Holdings Nv Corp
Sbs Trust Deed Network
Trustees Deed
related
—
Feb 15, 2005
$2,300,000
Punla Bacheller G & P B Trust
Sy,anthony J C
Grant Deed
$1,460,000 · Affinity Bank
May 28, 2004
$1,450,000
Anthony J Campos
Pecos Investments LP
Grant Deed
$1,087,500 · Black Mountain Community Bank
May 28, 2004
—
Anthony J C Sy
Pecos Investments
Grant Deed
related
—
—
—
Investments LP Pecos
—
Deed Of Trust
related
$1,275,000 · Nevada State Bank
—
—
Exotic Pet Store INC
—
Deed Of Trust
related
$125,000 · Black Mountain Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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