Flex Space with Office and
For Sale
Contact for pricing
1130 Wigwam Parkway, Henderson, NV 89074
Vacant commercial property combines professional office suites with dedicated warehouse capacity and Community Commercial zoning.
Property Size10,741 SF
Price / SF$251.37
Days on Market126
Property Features for 1130 Wigwam Parkway
General Information
Standard status
Active
Size
10,741 SF
Property subtype
Retail, Office
Zoning
CC
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2006
Units
41
Tenancy
Single
Listing Agency:
BHHS Nevada Properties
(702) 734-5555
Listed By:
Jennifer Weinberg · License #S.46141
Source:
Crexi
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 30 at 9:04PM
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 BHHS Nevada Properties
Investment Insights
Based on property information with market context.
This 10,741-square-foot flex property, built in 2006, combines a substantial office component with warehouse space. The primary office area measures approximately 6,444 square feet and includes private offices, meeting rooms, collaborative workspace, reception, a breakroom, and support areas. A separate office section of roughly 1,300 square feet has its own entrance, private offices, and open work area. Approximately 3,000 square feet of warehouse/flex area provides 14-foot clear height for storage, equipment, or light operational use. The property is currently owner-occupied and will be delivered vacant.
Set on approximately 1.12 acres in Traverse Pointe Commerce Center, the site includes 41 parking spaces, including 18 covered spaces. It is positioned between Stephanie Street and Gibson Road, with access to I-215 and I-515. The rear of the property connects with a public walking and biking trail. Zoning is CC, or Community Commercial.
Set on approximately 1.12 acres in Traverse Pointe Commerce Center, the site includes 41 parking spaces, including 18 covered spaces. It is positioned between Stephanie Street and Gibson Road, with access to I-215 and I-515. The rear of the property connects with a public walking and biking trail. Zoning is CC, or Community Commercial.
Key Highlights
- 10,741 SF building on approximately 1.12 acres
- Approximately 6,444 SF primary office area with private offices and meeting rooms
- Separate roughly 1,300 SF office section with its own entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$176,252
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,525,040
$3.5M
Cap Rate 7%
$2,517,886
$2.5M
Cap Rate 9%
$1,958,356
$2.0M
Market Conditions
NOI Build-Up for 10,741 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$284.9K $26.52/SF
− Vacancy
−$49.8K −$4.64/SF
EGI
$235.0K $21.88/SF
− OpEx
−$58.8K −$5.47/SF
NOI
$176.3K $16.41/SF
Area
ZIP 89074
Vacancy
17.50%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,525,040
Cap Rate 7%
$2,517,886
Cap Rate 9%
$1,958,356
Alternative Uses
Best Use
Office B
$2.52M
$2.20M – $2.94M
NOI $176,252 @ 7.0% cap · market cap 6.53%
Second Best
Warehouse
$1.59M
$1.39M – $1.85M
NOI $111,151 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$3.71M
$3.25M – $4.33M
NOI $259,803 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89074, NV
52,243
Population
22,310
Households
2.3
Avg Household Size
42
Median Age
37%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
5,741
Density / Sq Mi
$85,995
Median Household Income
$48,656
Median Earnings
$1,782
Median Rent
$436,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial property combines professional office suites with dedicated warehouse capacity and Community Commercial zoning.
Where is this flex space located?
The property is located at 1130 Wigwam Parkway Henderson, NV.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 10,741 SF building on approximately 1.12 acres; Approximately 6,444 SF primary office area with private offices and meeting rooms; Separate roughly 1,300 SF office section with its own entrance
