Updated Flex Space with
For Sale
Contact for pricing
159 N GIBSON RD, Henderson, NV 89014
Owner-user or investment property with warehouse improvements, upgraded building systems, and on-site parking.
Property Size8,862 SF
Price / SF$394.83
Days on Market93
Property Features for 159 N GIBSON RD
General Information
Standard status
Active
Size
8,862 SF
Total Parking Spaces
20
Property subtype
Industrial, Mixed Use
Occupancy
100%
Lease Type
NNN
Additional Details
Road Access
Yes
Power
400 amps
Building Details
Year Built
2007
Year Renovated
2015
Buildings
1
Stories
1
Units
20
Tenancy
Single
Listing Agency:
Marion Real Estate Services
Listed By:
Shaun Marion · License #NV 36268
Source:
Crexi
Added: May 31
Changed: Aug 30
Last Checked: Aug 30 at 6:32PM
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 Marion Real Estate Services
Investment Insights
Based on property information with market context.
This flex property contains 8,862 square feet and was constructed in 2007, with substantial improvements completed in 2015. Updates include upgraded HVAC, sound and thermal insulation within the walls, a rubber-mat warehouse floor, and 400 amps of power. The configuration supports a mix of flex-industrial, service commercial, showroom, and operational uses.
Gibson Road frontage and a 20-space parking field add practical access for employees, customers, and deliveries. Flexible zoning and established occupancy further support the property's existing commercial function. The building is positioned for an owner-user or investor seeking a combination of warehouse capability, customer-facing space, and updated infrastructure.
Gibson Road frontage and a 20-space parking field add practical access for employees, customers, and deliveries. Flexible zoning and established occupancy further support the property's existing commercial function. The building is positioned for an owner-user or investor seeking a combination of warehouse capability, customer-facing space, and updated infrastructure.
Key Highlights
- 8,862‑square‑foot flex‑industrial property
- Built in 2007 and heavily updated in 2015
- 400 amps of power with upgraded HVAC
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
$202,821
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
5.80%
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%
$4,056,420
$4.1M
Cap Rate 7%
$2,897,443
$2.9M
Cap Rate 9%
$2,253,567
$2.3M
Market Conditions
NOI Build-Up for 8,862 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
$303.1K $34.20/SF
− Vacancy
−$13.3K −$1.50/SF
EGI
$289.7K $32.70/SF
− OpEx
−$86.9K −$9.81/SF
NOI
$202.8K $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%
$4,056,420
Cap Rate 7%
$2,897,443
Cap Rate 9%
$2,253,567
Alternative Uses
Best Use
Retail
$2.90M
$2.54M – $3.38M
NOI $202,821 @ 7.0% cap · market cap 5.80%
Second Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,707 @ 7.0% cap · market cap 2.62%
Theoretical Best
Specialty Retail
$3.10M
$2.72M – $3.62M
NOI $217,309 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Owner-user or investment property with warehouse improvements, upgraded building systems, and on-site parking.
Where is this flex space located?
The property is located at 159 N GIBSON RD Henderson, NV.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 8,862‑square‑foot flex‑industrial property; Built in 2007 and heavily updated in 2015; 400 amps of power with upgraded HVAC
