
The Gramercy
Price
Price on request
Description
Office Space Available at The Gramercy! The Gramercy is a Class A mixed use project consisting of approximately 200,000 rentable square feet of existing office and retail space. The Gramercy is made up of two 4-story buildings comprised of first floor retail along with second, third and fourth floor office space. Conveniently located along the I-215 Beltway on Russell Rd., the property has immediate access and excellent freeway visibility. Located within 15-20 minutes of Downtown Las Vegas, Green Valley, Summerlin and Harry Reid International Airport. On-site amenities include: DW Bistro, Pinches Tacos, Anima by EDO, Raw Fitness, KOMI Hair Salon along with 160 residential units plus another 294 units currently under construction.
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Market Context
As of Q1 2026, the Las Vegas other market showed average asking rents near $30.42/SF/yr, and rents up 25.1% year over year. Source: multiple brokerages Q1 2026 market report.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Compare it against other other listings for sale in Las Vegas, NV to benchmark pricing and space — view the full market.
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Financing Assumptions
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Assumptions
- Interest rate: 6.47% (FRED live)
- Loan term: 25 years
- Down payment: 25.0%
- Market comparison: other in las vegas, NV
More Other for Sale in Las Vegas, NV(4)
Contact Broker
Brad Peterson
Justin Witt
Listed by
CBRE System Import
















