Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3625 Russell Rd Las Vegas, NV 89118-2424
    Back to Search
    Property profile & analytics

    3625 Russell Rd, Las Vegas, NV 89118-2424

    View on Map
    • Banks
    • 4,429 SF
    • 1.06 lot acres
    Off-Market
    Property ID
    US62-1297129
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Banks

    Property Details for 3625 Russell Rd

    Year built
    1999
    Construction
    FRAME
    Lot size
    1.06 lot acres
    Property type
    Banks
    APN
    162-32-101-004
    APU
    16232101004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2016 — Magnolia Enterprise LLC — Deed · related $1.5M · Umpqua Bank
    Jul 14, 2015 $3,240,000 Magnolia Ents LLC Las Vegas Sid LLC Grant Deed —
    Jul 26, 2010 $3,518,000 Las Vegas Sid LLC Fq Colonial Las Vegas LLC Grant Deed · related —
    Jan 31, 2008 $3,975,486 Fq Colonial Las Vegas LLC Cb Portfolio Landlord LLC Grant Deed $2.7M · Pnc Bank
    Aug 2, 2007 $1,618,875 Cb Portfolio Landlord LLC Colonial Bank NA Grant Deed —
    Sep 10, 1998 $650,000 Colonial Bank Fsb Lamph Trust Grant Deed · related —
    Sep 1, 1998 — Clark County (nv) Cl Properties LLC Quit Claim Deed · related —
    Jan 2, 1997 $358,000 Cl Properties/proruss LLC Shoemaker Trust Grant Deed $278k · Seller
    Jan 11, 1994 — Clark County Shoemaker,jack & Grant Deed · related —

    Description

    This exceptional 5,513-square-foot retail property in Southwest Las Vegas presents a unique investment opportunity. Situated on a 1.06-acre lot at 3625 W Russell Rd, near Valley View Blvd, this single-tenant building boasts a Class B designation and was constructed in 1999. The property features 42 parking spaces and is zoned MD. The building, previously a bank, includes a vault and offers significant potential for redevelopment or continued use as a retail space. The site is strategically located adjacent to Raider Stadium within the Stadium District overlay, providing high visibility and accessibility. This is an absolute net lease opportunity with a fixed annual rent of $300,000. Strong financial qualifications are required. The property's 0.12 building FAR and 1-story design offer flexibility for future development. The property includes a Matterport virtual tour for detailed viewing. This is an exceptional opportunity for a discerning investor seeking a prime retail location in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.188
    Latitude
    36.0857
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,762
    $323,218
    $332,952
    $656,170
    -
    $923,480
    $951,291
    $1,874,771

    Comparable in this City

    • Value Estimation by Request
      4,868 SF

      7280 Rainbow Blvd

      FINANCIAL BUILDING
      7280 Rainbow Blvd, Las Vegas, NV 89118-4628
      View Details
    • Value Estimation by Request
      4,202 SF

      4425 Russell Rd

      FINANCIAL BUILDING
      4425 Russell Rd, Las Vegas, NV 89118-2212
      View Details
    • Value Estimation
      $1,115,000
      3,246 SF

      5547 Rainbow Blvd

      FINANCIAL BUILDING
      5547 Rainbow Blvd, Las Vegas, NV 89118-1857
      View Details
    • Value Estimation by Request
      4,060 SF

      6355 Rainbow Blvd

      FINANCIAL BUILDING
      6355 Rainbow Blvd, Las Vegas, NV 89118-3211
      View Details
    • Value Estimation by Request
      4,938 SF

      7255 Rainbow Blvd

      FINANCIAL BUILDING
      7255 Rainbow Blvd, Las Vegas, NV 89118-4629
      View Details
    • Value Estimation by Request
      262,750 SF

      5225 Capovilla Ave

      RETAIL STORES (PERSONAL SERVICES)
      5225 Capovilla Ave, Las Vegas, NV 89118-5005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,063 SF

      Premium Las Vegas Event Space

      NNN leased event space with annual increases.
      6635 Badura Ave, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Building with Retail Buildout

      15,000 SF industrial building with retail buildout on 2.1 acres.
      3176 W Martin Ave, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      18,788 SF

      Las Vegas Warehouse/Showroom with Billboard

      Warehouse/showroom in Stadium District with billboard income and accessibility improvements.
      3910 Graphic Center Dr, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      6,210 SF

      Established Domino's Location For Sale

      Long-term Domino's Pizza location near Allegiant Stadium.
      5355 S Decatur Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      14,044 SF

      Occupied Strip Building For Sale

      Fully occupied strip building with long-term leases and rental increases.
      5840 S Rainbow Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing

      Prime Southwest Las Vegas Land

      Utilities-ready 1.6-acre land parcel in booming Southwest Las Vegas.
      4045 W Russell Rd, Las Vegas, NV 89118
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Retail Space Available For Rent

      12,000 square feet retail space for rent.
      6080 Badura Ave, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Rainbow Corridor

      Retail space available for sublease on Rainbow Boulevard.
      4950 S Rainbow Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      6,405 SF

      Retail Space on Arville Street

      Retail space available on a corner lot with ample parking.
      4970 Arville St, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      7,544 SF

      Retail Space on Rainbow Blvd

      Retail space with high visibility on a busy corridor.
      6410 S Rainbow Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      1,440 SF

      Retail Flex Space Available

      Small retail flex space in thriving industrial business park.
      5120 S Decatur Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      3,020 SF

      Las Vegas Retail Pad - 3020 SF

      Prime Las Vegas retail pad, ready for development. High traffic location.
      0 Swc Decatur & Wagon Trl Ave, Las Vegas, NV 89118
      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.
    3625 Russell Rd
    Las Vegas, NV 89118-2424
    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

    Thank You for Inquiry
    3625 Russell Rd, Las Vegas, NV, 89118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!