Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4620 Russell Rd Las Vegas, NV 89120-2333

    • Grocery and convenience stores
    • 3,870 SF
    • 0.91 lot acres
    OFF-MARKET
    Last Sale
    Aug 01, 2023
    $2,500,000
    Value Estimations
    $2,415,000
    Show details
    Cap Rate Potential
    4%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US62-1051407
    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.

    Current Use by Public Records

    • 7-Eleven / Convenience Store
    • Amazon Locker - Quail / Mailing Service / E-Commerce Service
    • Cardtronics / Atm
    • TNT Fireworks / Fireworks Store / Store
    • Redbox / Dvd Store / Movie Rental Store

    Property Details for 4620 Russell Rd

    Year built
    1997
    Construction
    FRAME
    Lot size
    0.91 lot acres
    Property size
    3,870 SF
    Property type
    Grocery and convenience stores
    APN
    161-29-801-015
    APU
    16129801015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,365,000
      ML approach
      $2,295,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,680,000
      Current use
      COMMERCIAL (GENERAL)
      $2,450,000
      Change: +46% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,150,000
      Change: +28% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.073
    Latitude
    36.086
    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
    $12,127
    $305,228
    $278,721
    $583,949
    -
    $872,080
    $796,346
    $1,668,426

    Comparable in this City

    • Value Estimation
      $1,280,000
      3,675 SF

      5665 Pecos Rd

      CONVENIENCE STORE • 3,675 SF
      5665 Pecos Rd, Las Vegas, NV 89120-1961
      View Details
    • Value Estimation
      $4,645,000
      3,966 SF

      5680 Pecos Rd

      CONVENIENCE STORE • 3,966 SF
      5680 Pecos Rd, Las Vegas, NV 89120-1960
      View Details
    • Value Estimation
      $800,000
      4,127 SF

      6495 Pecos Rd

      CONVENIENCE STORE • 4,127 SF
      6495 Pecos Rd, Las Vegas, NV 89120-6234
      View Details
    • Value Estimation
      $760,000
      3,758 SF

      6510 Pecos Rd

      CONVENIENCE STORE • 3,758 SF
      6510 Pecos Rd, Las Vegas, NV 89120-2808
      View Details
    • Value Estimation
      $675,000
      3,242 SF

      5685 Mtn Vis St

      CONVENIENCE STORE • 3,242 SF
      5685 Mtn Vis St, Las Vegas, NV 89120-2133
      View Details
    • Value Estimation
      $815,000
      2,400 SF

      4589 Russell Rd

      CONVENIENCE STORE • 2,400 SF
      4589 Russell Rd, Las Vegas, NV 89120-2312
      View Details

    Similar Nearby for Sale

    • $10,522,960

      Las Vegas Shopping Center For Sale

      Shopping center with secure rent roll and upside potential.
      3720-3740 Sunset Rd, Las Vegas, NV 89120
      View Details
    • $245,000
      1,190 SF

      Las Vegas Condo Near Strip

      Spacious 3-bedroom condo in gated community near Las Vegas Strip.
      5216 Mandalay Springs Dr, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      2 SF

      Move-in Ready Office Space

      Bright office suite with private offices, reception, and modern finishes.
      7375 Las Vegas Blvd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      1 SF

      Office Space with Six Offices

      Office space featuring six offices and storage in Las Vegas.
      5868 Las Vegas Blvd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      142,000 SF

      Leased Industrial Building in Las Vegas

      100% leased industrial building in the Airport Industrial submarket.
      6225 Annie Oakley Dr, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      25,504 SF

      Freestanding Industrial Facility For Sale

      Freestanding industrial facility spanning ± 25,504 SF in Las Vegas.
      3015 E Post Rd, Las Vegas, NV 89120
      View Details

    Similar Nearby for Lease

    • $1.25 SF/Yr
      4,022 SF

      High Visibility Endcap Flex Space

      Prime location near the airport with excellent frontage.
      6235 S Pecos Rd, Las Vegas, NV 89120
      View Details
    • $1.75 SF/Yr
      3,200 SF

      Restaurant and Retail Space Available

      Restaurant and retail spaces for lease on Sunset Road.
      3740 E Sunset Rd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      832 SF

      Retail Space in Pecos Plaza

      Retail space available in established shopping center near airport.
      5725 S Pecos Rd, Las Vegas, NV 89120
      View Details
    • $12 SF/Yr
      11,290 SF

      Chandler Office Building: 11,290 SF

      Single-tenant office, prime location.
      2700 Chandler Ave, Las Vegas, NV 89120
      View Details
    • $1.25 SF/Yr
      1,000 SF

      Retail Space in Renovated Center

      Recently renovated retail space with high traffic counts available for lease.
      3380 E Russell Rd, Las Vegas, NV 89120
      View Details
    • $1.85 SF/Yr
      1,400 SF

      Retail Space on Sunset Road

      Retail space available for lease on Sunset Road.
      3110 E Sunset Rd, Las Vegas, NV 89120
      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.
    4620 Russell Rd
    Las Vegas, NV 89120-2333
    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

    Google sign-in failed. Please try again or use another login method.