Henderson Retail Space For
For Sale
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1331 W Warm Springs Rd, Henderson, NV 89014
Retail space available in Henderson, Nevada, totaling 17,990 SqFt.
Property Size17,990 SF
Price / SF$341.86
Days on Market171
Property Features for 1331 W Warm Springs Rd
General Information
Standard status
Active
Size
17,990 SF
Property subtype
Retail
Zoning
CC
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
2005
Units
8
Tenancy
Multi
Listing Agency:
NAI Excel
Listed By:
Todd Manning · License #NV B.1001879.CORP
Source:
Crexi
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 28 at 10:15AM
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 NAI Excel
Investment Insights
Based on property information with market context.
This retail space, located in Henderson, Nevada, offers 17,990 square feet of commercial real estate. The property is being offered for sale and has a capitalization rate of 6.15%.
Key Highlights
- 6.15% CAP Rate
- 17,990 SqFt Retail Space
- Built in 2005
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
$411,731
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
6.69%
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%
$8,234,620
$8.2M
Cap Rate 7%
$5,881,871
$5.9M
Cap Rate 9%
$4,574,789
$4.6M
Market Conditions
NOI Build-Up for 17,990 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
$615.3K $34.20/SF
− Vacancy
−$27.1K −$1.50/SF
EGI
$588.2K $32.70/SF
− OpEx
−$176.5K −$9.81/SF
NOI
$411.7K $22.89/SF
Area
ZIP 89014
Vacancy
4.40%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
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%
$8,234,620
Cap Rate 7%
$5,881,871
Cap Rate 9%
$4,574,789
Alternative Uses
Best Use
Retail
$5.88M
$5.15M – $6.86M
NOI $411,731 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.30M
$5.51M – $7.35M
NOI $441,140 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
597k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Shops & Services 30%
Apparel 16%
Home Improvements & Furnishings 11%
Michaels
Shops & Services
49,238 visits/mo
0.3 miles
Barnes & Noble
Shops & Services
42,449 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
33,648 visits/mo
0.5 miles
Total Wine & More
Groceries
29,169 visits/mo
0.3 miles
HomeGoods
Home Improvements & Furnishings
28,792 visits/mo
0.3 miles
Demographics for 89014, NV
40,761
Population
18,062
Households
2.3
Avg Household Size
38
Median Age
29%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
5,363
Density / Sq Mi
$73,130
Median Household Income
$46,101
Median Earnings
$1,629
Median Rent
$415,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available in Henderson, Nevada, totaling 17,990 SqFt.
Where is this retail space located?
The property is located at 1331 W Warm Springs Rd Henderson, NV.
What is the asking price?
The asking price for this property is $6,150,000.
What are key features of this property?
This property features: 6.15% CAP Rate; 17,990 SqFt Retail Space; Built in 2005
