Warehouse with Grade-Level
For Sale
Contact for pricing
1196 Wigwam Pkwy, Henderson, NV 89074
Functional warehouse facility with grade-level loading, three-phase power, fire sprinklers, skylights, and Southwest Gas service.
Property Size10,567 SF
Price / SF$279.17
Days on Market202
Property Features for 1196 Wigwam Pkwy
General Information
Standard status
Active
Size
10,567 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Drive-In Doors
2
Power
600 amps
Voltage
208 V
Three-Phase Power
Yes
Sprinkler System
Yes
Listing Agency:
Colliers | Las Vegas
(702) 860-6946
Listed By:
Pat Marsh, SIOR · License #0172845
(702) 860-6946
Source:
Moodyscre
Added: Feb 10
Changed: Aug 31
Last Checked: Aug 31 at 12:48AM
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 10,567-square-foot warehouse property includes two grade-level loading doors, 3-phase power rated at 120/208V and 600 amps, fire sprinkler protection, skylights, and Southwest Gas service. The configuration provides core industrial infrastructure for warehouse operations and distribution-related use.
Located in Henderson, Nevada, the property offers convenient access to I-215 and is situated on Wigwam Pkwy. The combination of loading access, substantial electrical capacity, fire protection, and natural light supports a range of warehouse requirements.
Located in Henderson, Nevada, the property offers convenient access to I-215 and is situated on Wigwam Pkwy. The combination of loading access, substantial electrical capacity, fire protection, and natural light supports a range of warehouse requirements.
Key Highlights
- 10,567 square feet of warehouse space
- Two 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
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
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 - Functional warehouse facility with grade-level loading, three-phase power, fire sprinklers, skylights, and Southwest Gas service.
Where is this warehouse located?
The property is located at 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 of warehouse space; Two grade‑level loading doors; 3 Phase Power 120/208V 600 Amps
