Flex Space with Office and
For Sale
Contact for pricing
Pending
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
Days on Market171
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Property Features for 1130 Wigwam Parkway
General Information
Standard status
Pending
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
Listed By:
Jennifer Weinberg · License #S.46141
(702) 734-5555
Source:
Crexi
Added: Apr 28
Changed: Sep 30
Last Checked: Oct 14 at 8:07PM
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 / Yr
$176,252
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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
