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Property profile & analytics
OFF-MARKET
Estimated value
$6,550,000
Manufacturing properties
3685 Russell Rd Las Vegas, NV 89118-2424
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0353832
Property summary
AI-generated overview
This ±1.06-acre industrial land parcel presents a unique opportunity in Las Vegas's vibrant Southwest Submarket. Ideally situated just minutes from Allegiant Stadium, the Las Vegas Strip, and Interstate 15, this property offers unparalleled accessibility and visibility. Zoned I-L, it's suitable for a variety of light industrial uses, catering to businesses seeking a strategic location for growth and expansion. The site boasts a secure, fenced yard, providing peace of mind and enhanced security. The asking rent is $10,000 per month. Note that an additional ±1.06 acres and a ±23,000 square foot building are available for lease at an additional cost, presenting an opportunity to expand your operations significantly. The property's Clark County APN is 162-32-101-003. This single-tenant property is perfect for businesses seeking a secure and well-located industrial space in a thriving area of Las Vegas. Contact the listing agent for further details and to schedule a viewing.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Lot
1.06 ac (46,174 SF)
APN
162-32-101-003
UPID
US62-0353832
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.55M
Owner & transaction history
H3700 LLC · 2 yrs held
H3700 LLC
since 2024
Last sale
$6.6M
6 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
$6,550,000
ML approach
$6,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.55M
Range $5.90M – $7.21M · ±10% · vs last sale $6.55M (Mar 29 2024)
Last sale anchor
$6.55M
Mar 29 2024
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
—
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
$3,978
Tax year 2023
Assessed value
$261,807
Assessed 2024
Previous assessed
$237,565
+10.2% YoY
Effective rate
1.52%
On assessed value
Assessed land
$261,807
Land market value
$748,020
Total market value
$748,020
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1978
Heating
NONE
Lot
1.06 ac (46,174 SF)
APN
162-32-101-003
UPID
US62-0353832
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
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Lot
1.06 ac
Current owner
From public records · entity-resolved
H3700 LLC
Entity
Mailing address
150 W AUTO MALL DR, ST GEORGE, UT 84770-6737
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$6,550,000
H3700 LLC
Alicia M Feeney Pasqualotto
Bargain And Sale Deed
$5,085,029 · Goldenwest FCU
Jul 28, 2020
—
Feeney,w E & B C Fam Trust
William & Belinda Feeney LLC
Correction Deed
related
—
Jun 18, 2020
—
Feeney,w E & B C Fam Trust
William & Belinda Feeney LLC
Quit Claim Deed
related
—
May 21, 2003
—
William & Belinda Feeney LLC
Feeney,tr
Quit Claim Deed
related
—
May 10, 2002
—
A-1 Casters
Feeney Trust
Grant Deed
related
—
—
—
James M Feeney
—
Deed Of Trust
related
$800,000 · Colonial Bancorp
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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