Industrial Condo with Office and
For Sale
Contact for pricing
1600 Raiders Way, Henderson, NV 89052
Industrial condo suite with office and warehouse space and flexible business uses subject to zoning
Property Size1,821 SF
Price / SF$450
Days on Market54
Property Features for 1600 Raiders Way
General Information
Standard status
Active
Size
1,821 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Warehouse Space
1,194 SF
Office Build-Out
627 SF
Additional Details
Office Units
1
Listing Agency:
Colliers | Las Vegas
(702) 735-5700
Listed By:
Grant Traub, SIOR · License #LICS.0039295
(702) 604-2059
Source:
Moodyscre
Added: Jul 22
Changed: Sep 3
Last Checked: Sep 13 at 6:46AM
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.
Suite 120 at 1600 Raiders Way is an industrial condo offering approximately 1,821 SF total, including about 627 SF of office and about 1,194 SF of warehouse. New paint and landscaping are underway for the property.
This suite is part of an industrial condo offering with the condo map process underway. The suite is listed as available for purchase after 01/01/27, with occupancy potentially sooner based on business needs.
The space is intended for flexible business uses, including warehouse, showroom, contractor, distribution, service, light manufacturing, and flex office users, subject to zoning. A potential SBA financing option and depreciation-related tax advantages are mentioned for qualified buyers and should be reviewed with a tax advisor.
This suite is part of an industrial condo offering with the condo map process underway. The suite is listed as available for purchase after 01/01/27, with occupancy potentially sooner based on business needs.
The space is intended for flexible business uses, including warehouse, showroom, contractor, distribution, service, light manufacturing, and flex office users, subject to zoning. A potential SBA financing option and depreciation-related tax advantages are mentioned for qualified buyers and should be reviewed with a tax advisor.
Key Highlights
- Suite 120 industrial condo at 1600 Raiders Way
- Approx. 1,821 SF total with about 627 SF office and about 1,194 SF warehouse
- New paint and landscaping underway
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
$27,042
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
3.30%
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%
$540,840
$540.8K
Cap Rate 7%
$386,314
$386.3K
Cap Rate 9%
$300,467
$300.5K
Market Conditions
NOI Build-Up for 1,821 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
$43.7K $24.00/SF
− Vacancy
−$7.6K −$4.20/SF
EGI
$36.1K $19.80/SF
− OpEx
−$9.0K −$4.95/SF
NOI
$27.0K $14.85/SF
Area
ZIP 89052
Vacancy
17.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$540,840
Cap Rate 7%
$386,314
Cap Rate 9%
$300,467
Alternative Uses
Best Use
Office B
$386.3K
$338.0K – $450.7K
NOI $27,042 @ 7.0% cap · market cap 3.30%
Second Best
Warehouse
$269.2K
$235.6K – $314.1K
NOI $18,844 @ 7.0% cap · market cap 2.30%
Theoretical Best
Specialty Retail
$637.9K
$558.2K – $744.2K
NOI $44,653 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
3,267
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89052, NV
59,987
Population
26,456
Households
2.3
Avg Household Size
46
Median Age
47%
College-Educated
96%
High-School Grad
16.3 sq mi
ZIP Area
3,680
Density / Sq Mi
$98,462
Median Household Income
$57,772
Median Earnings
$1,938
Median Rent
$595,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo suite with office and warehouse space and flexible business uses subject to zoning
Where is this flex space located?
The property is located at 1600 Raiders Way Henderson, NV.
What is the asking price?
The asking price for this property is $819,450.
What are key features of this property?
This property features: Suite 120 industrial condo at 1600 Raiders Way; Approx. 1,821 SF total with about 627 SF office and about 1,194 SF warehouse; New paint and landscaping underway
