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    732 S Racetrack Rd Henderson, NV 89015

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    For Sale
    $18,079,000

    119,748 SF retail showroom on 8.62 acres for sale.

    Property size:
    119,748 SF
    Lot size:
    6.72 Acres

    Property Features for 732 S Racetrack Rd

    General Information

    Size
    119,748 SF
    Lot size
    6.72 Acres

    Source: Colliers | Las Vegas Agent Grant Traub, SIOR

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

    Overview

    Multi-Tenant Retail Showroom Building

    This multi-tenant retail and showroom building offers approximately 119,748 square feet of space on an 8.62-acre lot. The property is currently 100% leased to five tenants, with MAC.BID, an online auction company, occupying the anchor space of approximately 109,759 square feet. Recent renovations within the last six months include a new roof, new HVAC units, and interior improvements. The building is equipped with two dock-high loading doors and one drive-in loading door. The site has low coverage at 31%, presenting opportunities for future building expansion, redevelopment, or additional construction. The property's net operating income (NOI) is $1,145,766, with a cap rate of 6.34%. Existing base rents are reportedly 30% below market rates, indicating potential for increased revenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vinotemp Manufacturer Sears Appliance Repair Air Conditioning Repair Service Spirit Halloween Costume Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Cornet Plaza, Misty Mountains Poultry Farms, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -114.9515976
    Latitude
    36.0167093

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    FAQs

    What type of property is this?
    Shopping center - 119,748 SF retail showroom on 8.62 acres for sale.
    Where is this shopping center located?
    The property is located at 732 S Racetrack Rd Henderson, NV.
    What is the asking price?
    The asking price for this property is $18,079,000.
    What are key features of this property?
    This property features: - Significant upside potential with in-place base rent 30% below market rates.; - High NOI of $1,145,766 and a 6.34% cap rate.; - Recently renovated with a new roof, new HVAC units, and interior improvements.
    (702) 604-2059
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    732 S Racetrack Rd Henderson, NV 89015
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    Henderson, NV 89015
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    Realmo Value Estimation

    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.

    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.

    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
    732 S Racetrack Rd Henderson, NV 89015
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