Multi-Tenant Industrial Office/Warehouse
For Sale
$4,500,000
1180 Center Point Drive, Henderson, NV 89074
20,784 SF multi-tenant building with freeway access.
Property Size20,784 SF
Lot Size1.15 Acres
Price / SF$216.51
Days on Market136
Property Features for 1180 Center Point Drive
General Information
Standard status
Active
Size
20,784 SF
Lot size
1.15 Acres
Property subtype
FlexIndustrial
Listing Agency:
CBRE - Las Vegas
(702) 369-4874
Listed By:
Alex Stanisic, SIOR · License #S.0179950
(702) 369-4874
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Aug 7 at 5:13AM
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 CBRE - Las Vegas
Investment Insights
Based on property information with market context.
The property at 1180 Center Point Drive is a multi-tenant industrial office/warehouse building encompassing approximately 20,784 square feet on approximately 1.15 acres. Located in the Henderson industrial submarket, south of American Pacific Drive near Stephanie Street and Gibson Road, the property offers immediate access to the I-215/I-515 Freeway Interchange, less than 0.5 miles away. The building includes an additional 2,310 square feet of garage storage. It features paved, private yard space and nine 10’ x 14’ grade-level truck doors. The building has approximately 22’ clear height, ample parking, and is equipped with a sprinkler system. The zoning is I-G General Industrial in Henderson. Electrical service is 120/208 Volt, 3-Phase Power. This property presents an owner/user investment opportunity with the potential to increase rental rates.
Key Highlights
- Owner/user investment opportunity
- Immediate access to I‑215/I‑515 Freeway Interchange
- ±20,784 SF office/warehouse building on ±1.15 acres
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
$215,079
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
4.78%
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%
$4,301,580
$4.3M
Cap Rate 7%
$3,072,557
$3.1M
Cap Rate 9%
$2,389,767
$2.4M
Market Conditions
NOI Build-Up for 20,784 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
$276.8K $13.32/SF
− Vacancy
−$23.8K −$1.15/SF
EGI
$253.0K $12.17/SF
− OpEx
−$38.0K −$1.83/SF
NOI
$215.1K $10.35/SF
Area
ZIP 89074
Vacancy
8.60%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
15.00%
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%
$4,301,580
Cap Rate 7%
$3,072,557
Cap Rate 9%
$2,389,767
Alternative Uses
Best Use
Warehouse
$3.07M
$2.69M – $3.58M
NOI $215,079 @ 7.0% cap · market cap 4.78%
Second Best
Industrial
$2.53M
$2.21M – $2.95M
NOI $177,124 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$7.18M
$6.28M – $8.38M
NOI $502,722 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,045
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 20,784 SF multi-tenant building with freeway access.
Where is this flex space located?
The property is located at 1180 Center Point Drive Henderson, NV.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Owner/user investment opportunity; Immediate access to I‑215/I‑515 Freeway Interchange; ±20,784 SF office/warehouse building on ±1.15 acres
