Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5030 South Decatur Blvd Las Vegas, NV 89118

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.24 SF/Yr ($673 /Mo)

    Industrial warehouse space with convenient freeway and airport access.

    Property size:
    6,520 SF
    Lot size:
    6,520 SF

    Property Features for 5030 South Decatur Blvd

    General Information

    Standard status
    Active
    Size
    6,520 SF

    We can help!

    Listing Contact
    Mike Willmore, Member Associate, Society Of Industrial And Office Realtors
    Source: Cbre

    Listing Agent: Mike Willmore, Member Associate, Society Of Industrial And Office Realtors

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Industrial Space Near McCarran Airport

    This industrial property offers 4,262 square feet of warehouse space within a larger ±36,827 square foot project. Constructed in 1998, the warehouse features ±16' minimum clear height, fluorescent lighting, and an evaporated cooled warehouse environment. It is equipped with a fire sprinkler system and 120/208 volt, 3-phase power. The property benefits from IL - Industrial Light Zoning and ample parking. Located on the southeast corner of Decatur Boulevard and Bell Drive, it is positioned just south of Tropicana Avenue and west of the I-15 Freeway. Its location provides convenient access to McCarran International Airport and is approximately 1.5 miles north of the 215 freeway interchange.
    Location Intelligence

    Current Use by Public Records

    Protection 1 Security ... Security Service Farrington Entertainment & Productions Theater & Performing Art Venue Navitz Interior Design Integrated Biomedical Medical Supply Store Herbal Natural Medicinal ... Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Assured Document Destruction, Inc., Specialty RV Storage, StorageOne, Accessible Self Storage Unit, Extra Space Storage

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.207885
    Latitude
    36.098492

    Nearby Similar for Lease

    • Contact for pricing

      Lake Mead Boulevard

      Discover many ways to work your way in Lake Mead Boulevard
      7251 Lake Mead Blvd, Las Vegas, NV 89128
      View Details
    • Contact for pricing

      Howard Hughes Parkway

      Discover many ways to work your way in Howard Hughes Parkway
      3960 Howard Hughes Pkwy, Las Vegas, NV 89109
      View Details
    • Sponsored
      Contact for pricing

      Tivoli Village

      Flexible workspace in San Jose Airport
      410 Rampart Blvd, Las Vegas, NV 89145
      View Details
    • Contact for pricing

      Rainbow

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      500 Rainbow Blvd, Las Vegas, NV 89107
      View Details
    • Contact for pricing

      Town Square

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      6671 Las Vegas Blvd, Las Vegas, NV 89119
      View Details
    • Contact for pricing

      Arroyo Crossing

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      7455 Arroyo Crossing Pkwy, Las Vegas, NV 89113
      View Details
    • Sponsored
      Contact for pricing

      The Gramercy

      All-inclusive access to workspace, virtual office and meeting rooms in One Lincoln center
      Las Vegas, NV 89148
      View Details
    • Contact for pricing

      City Cental Place

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      400 4Th St, Las Vegas, NV 89101
      View Details
    • Contact for pricing

      The Canyons at Summerlin

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      1180 Town Center Dr, Las Vegas, NV 89144
      View Details
    • Contact for pricing

      Downtown Summerlin

      Meet, work or collaborate in our professional Columbia Center business center
      1980 Festival Plaza Dr, Las Vegas, NV 89135
      View Details
    • Contact for pricing

      Howard Hughes II

      Meet, work or collaborate in our professional Columbia Center business center
      3753 Howard Hughes Pkwy, Las Vegas, NV 89169
      View Details
    • Contact for pricing

      NV, Las Vegas - E Carson St

      All-inclusive access to workspace, virtual office and meeting rooms in One Lincoln center
      302 Carson St, Las Vegas, NV 89101
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse space with convenient freeway and airport access.
    Where is this warehouse located?
    The property is located at 5030 South Decatur Blvd Las Vegas, NV.
    What is the lease rate?
    The lease rate is $1.24 SF/Yr.
    What are key features of this property?
    This property features: - Excellent Location: On the southeast corner of Decatur Boulevard and Bell Drive, near Tropicana Avenue, west of I-15.; - Industrial Functionality: Features 120/208 volt, 3-phase power and IL - Industrial Light Zoning.; - Sizeable Project: Part of a ±36,827 SF project.
    (702) 369-4823
    Request Owner's contact information
    5030 South Decatur Blvd Las Vegas, NV 89118
    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.
    5030 South Decatur Blvd
    Las Vegas, NV 89118
    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
    5030 South Decatur Blvd Las Vegas, NV 89118
    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

    We can help!
    Listing Contact
    Mike Willmore, Member Associate, Society Of Industrial And Office Realtors
    Real Estate License ID: S.0183520
    (702) 369-4823
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!