Warehouse with Two Grade Level
For Sale
Contact for pricing
1192-1196 Wigwam Pkwy, Henderson, NV 89074
Fire-sprinklered warehouse with two grade level loading doors and 600-amp 3-phase power.
Property Size10,567 SF
Price / SF$279.17
Days on Market177
Property Features for 1192-1196 Wigwam Pkwy
General Information
Standard status
Active
Size
10,567 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
2
Power
600 amps
Voltage
208 V
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Colliers | Las Vegas
(702) 860-6946
Listed By:
Pat Marsh, SIOR
(702) 860-6946
Source:
Moodyscre
Added: Feb 10
Changed: Jul 30
Last Checked: Aug 6 at 12:29PM
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 Colliers | Las Vegas
Investment Insights
Based on property information with market context.
This warehouse features two (2) grade level loading doors and is fire sprinklered. It includes skylights and 3-phase electrical service rated at 120/208V and 600 Amps. Southwest Gas service is available at the property.
Located in Henderson, NV, the property offers convenient access to I-215, supporting straightforward connectivity for employees, suppliers, and deliveries.
With 10,567 square feet of warehouse space, the building is set up for practical distribution and storage use with code-compliant fire protection and grade-level loading.
Located in Henderson, NV, the property offers convenient access to I-215, supporting straightforward connectivity for employees, suppliers, and deliveries.
With 10,567 square feet of warehouse space, the building is set up for practical distribution and storage use with code-compliant fire protection and grade-level loading.
Key Highlights
- 10,567 square feet warehouse in Henderson
- Two (2) grade level loading doors
- 3‑phase power 120/208V 600 Amps
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
$109,351
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
3.71%
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%
$2,187,020
$2.2M
Cap Rate 7%
$1,562,157
$1.6M
Cap Rate 9%
$1,215,011
$1.2M
Market Conditions
NOI Build-Up for 10,567 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
$140.8K $13.32/SF
− Vacancy
−$12.1K −$1.15/SF
EGI
$128.6K $12.17/SF
− OpEx
−$19.3K −$1.83/SF
NOI
$109.4K $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%
$2,187,020
Cap Rate 7%
$1,562,157
Cap Rate 9%
$1,215,011
Alternative Uses
Best Use
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,351 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.65M
$3.19M – $4.26M
NOI $255,594 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,161
Businesses Nearby
Well-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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Fire-sprinklered warehouse with two grade level loading doors and 600-amp 3-phase power.
Where is this warehouse located?
The property is located at 1192-1196 Wigwam Pkwy Henderson, NV.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 10,567 square feet warehouse in Henderson; Two (2) grade level loading doors; 3‑phase power 120/208V 600 Amps
