Flex Space Industrial
For Sale
Contact for pricing
1620 Raiders Way, Henderson, NV 89052
Mixed office and warehouse configuration supports showroom, contractor, distribution, service, and light manufacturing operations, subject to zoning.
Property Size2,187 SF
Price / SF$450
Days on Market63
Property Features for 1620 Raiders Way
General Information
Standard status
Active
Size
2,187 SF
Property subtype
Industrial
Zoning
Industrial Park (IP)
Investment Type
Owner/User
Building Details
Year Built
2020
Buildings
1
Listing Agency:
Colliers - Las Vegas, Nevada
(702) 524-9431
Listed By:
Grant Traub, SIOR · License #NV LIC S.0039295
Source:
Crexi
Added: Jun 30
Changed: Aug 29
Last Checked: Aug 30 at 10:46PM
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, Nevada
Investment Insights
Based on property information with market context.
Suite 100 at 1620 Raiders Way is an industrial condominium with approximately 2,187 SF arranged between office and warehouse areas. The configuration includes approximately 952 SF of office space and 1,235 SF of warehouse space, providing a practical base for showroom, contractor, distribution, service, light manufacturing, or flex-office operations, subject to zoning. New paint and landscaping are underway.
The property is located in West Henderson near a range of established commercial and industrial users, including the Las Vegas Raiders, M Resort, Amazon, FedEx Ground, Levi Strauss, Haas Automation, Airgas, DB Schenker, Kroger, Valley Health System’s future hospital, and Aristocrat. The suite is available for purchase after 01/01/27, with earlier occupancy possible based on business needs.
The property is located in West Henderson near a range of established commercial and industrial users, including the Las Vegas Raiders, M Resort, Amazon, FedEx Ground, Levi Strauss, Haas Automation, Airgas, DB Schenker, Kroger, Valley Health System’s future hospital, and Aristocrat. The suite is available for purchase after 01/01/27, with earlier occupancy possible based on business needs.
Key Highlights
- +/- 2,187 SF industrial condo at 1620 Raiders Way, Suite 100
- Approximately 952 SF of office and 1,235 SF of warehouse space
- 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
$32,477
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%
$649,540
$649.5K
Cap Rate 7%
$463,957
$464.0K
Cap Rate 9%
$360,856
$360.9K
Market Conditions
NOI Build-Up for 2,187 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
$52.5K $24.00/SF
− Vacancy
−$9.2K −$4.20/SF
EGI
$43.3K $19.80/SF
− OpEx
−$10.8K −$4.95/SF
NOI
$32.5K $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%
$649,540
Cap Rate 7%
$463,957
Cap Rate 9%
$360,856
Alternative Uses
Best Use
Office B
$464.0K
$406.0K – $541.3K
NOI $32,477 @ 7.0% cap · market cap 3.30%
Second Best
Warehouse
$323.3K
$282.9K – $377.2K
NOI $22,632 @ 7.0% cap · market cap 2.30%
Theoretical Best
Specialty Retail
$766.1K
$670.4K – $893.8K
NOI $53,628 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Mixed office and warehouse configuration supports showroom, contractor, distribution, service, and light manufacturing operations, subject to zoning.
Where is this flex space located?
The property is located at 1620 Raiders Way Henderson, NV.
What is the asking price?
The asking price for this property is $984,150.
What are key features of this property?
This property features: +/- 2,187 SF industrial condo at 1620 Raiders Way, Suite 100; Approximately 952 SF of office and 1,235 SF of warehouse space; New paint and landscaping underway
