Flex-Warehouse with High
For Sale
Contact for pricing
1110 E Lake Mead Pkwy, Henderson, NV 89015
Flex-warehouse offering high visibility and Community Commercial zoning for light and industrial operations.
Property Size25,000 SF
Price / SF$194
Days on Market100
Property Features for 1110 E Lake Mead Pkwy
General Information
Standard status
Active
Size
25,000 SF
Total Parking Spaces
100
Property subtype
Industrial
Zoning
Community Commercial (CC)
Building Details
Year Built
1981
Buildings
1
Listing Agency:
ROI Commercial Real Estate Inc
Listed By:
Jonathan Serrano · License #S.0183243
Source:
Crexi
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 28 at 7:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROI Commercial Real Estate Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-warehouse property is positioned for businesses that need both office-supporting flexibility and warehouse functionality, with a spacious lot available. The facility is described as highly visible, supporting strong presentation for daily operations and visitors.
The property benefits from Community Commercial zoning, which the listing states can accommodate a wide array of business uses, including light and industrial operations.
Overall, it presents as a flex-warehouse option in a master-planned community submarket, adjacent to the Cadence Village Retail Center.
The property benefits from Community Commercial zoning, which the listing states can accommodate a wide array of business uses, including light and industrial operations.
Overall, it presents as a flex-warehouse option in a master-planned community submarket, adjacent to the Cadence Village Retail Center.
Key Highlights
- Year built 1981 flex‑warehouse facility
- Community Commercial zoning allows a wide array of business uses, including light and industrial operations
- Highly visible flex‑warehouse location in the Cadence Village submarket
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$256,377
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,127,540
$5.1M
Cap Rate 7%
$3,662,529
$3.7M
Cap Rate 9%
$2,848,633
$2.8M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$330.0K $13.20/SF
− Vacancy
−$28.4K −$1.14/SF
EGI
$301.6K $12.06/SF
− OpEx
−$45.2K −$1.81/SF
NOI
$256.4K $10.26/SF
Area
ZIP 89015
Vacancy
8.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,127,540
Cap Rate 7%
$3,662,529
Cap Rate 9%
$2,848,633
Alternative Uses
Best Use
Warehouse
$3.66M
$3.20M – $4.27M
NOI $256,377 @ 7.0% cap · market cap 5.29%
Second Best
Industrial
$3.02M
$2.64M – $3.52M
NOI $211,134 @ 7.0% cap · market cap 4.35%
Theoretical Best
Specialty Retail
$8.76M
$7.66M – $10.22M
NOI $613,035 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89015, NV
41,203
Population
16,812
Households
2.5
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
37.3 sq mi
ZIP Area
1,105
Density / Sq Mi
$71,300
Median Household Income
$41,509
Median Earnings
$1,324
Median Rent
$373,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flex-warehouse offering high visibility and Community Commercial zoning for light and industrial operations.
Where is this flex space located?
The property is located at 1110 E Lake Mead Pkwy Henderson, NV.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: Year built 1981 flex‑warehouse facility; Community Commercial zoning allows a wide array of business uses, including light and industrial operations; Highly visible flex‑warehouse location in the Cadence Village submarket
