Mixed-Use Building with
For Sale
Contact for pricing
1630 FOOTHILL DR, Boulder City, NV 89005
Industrial workspace is paired with two separate residential units for owner-occupancy, employee housing, or rental use.
Property Size6,423 SF
Price / SF$249.10
Days on Market55
Property Features for 1630 FOOTHILL DR
General Information
Standard status
Active
Size
6,423 SF
Class
C
Total Parking Spaces
8
Property subtype
Office, Industrial, Mixed Use
Zoning
CM COMMERCIAL MANUFACTURING ZONE
Investment Type
Owner/User
Additional Details
Warehouse Space
4,730 SF
Building Details
Year Built
1973
Year Renovated
2025
Buildings
1
Stories
2
Units
3
Building Size
6,423 SF
Listing Agency:
Desert Sun Realty
(702) 293-0000
Listed By:
Bret Runion · License #NV B.0019112
Source:
Crexi
Added: Jul 8
Changed: Aug 30
Last Checked: Aug 30 at 8:01PM
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 Desert Sun Realty
Investment Insights
Based on property information with market context.
Located at 1630 Foothill Dr in Boulder City, this 6,423-square-foot mixed-use property combines industrial and office space with two residential apartments. The commercial portion encompasses 4,730 square feet and can accommodate operations, inventory, equipment storage, or office functions. The building also includes a 1,056-square-foot two-bedroom apartment and a 637-square-foot one-bedroom apartment, creating three distinct areas within the property.
Constructed in 1973 and zoned CM Commercial Manufacturing Zone, the property is positioned within Boulder City’s commercial area. Its location provides access toward Henderson, Las Vegas, and Arizona corridors, with the Las Vegas Valley described as minutes away. The configuration supports an owner-user seeking an integrated work and residential setting or an investor evaluating separate commercial and residential components.
Constructed in 1973 and zoned CM Commercial Manufacturing Zone, the property is positioned within Boulder City’s commercial area. Its location provides access toward Henderson, Las Vegas, and Arizona corridors, with the Las Vegas Valley described as minutes away. The configuration supports an owner-user seeking an integrated work and residential setting or an investor evaluating separate commercial and residential components.
Key Highlights
- 6,423 SF total building size at 1630 Foothill Dr
- 4,730 SF warehouse/office area
- 1,056 SF two‑bedroom apartment
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
$111,206
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
6.95%
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%
$2,224,120
$2.2M
Cap Rate 7%
$1,588,657
$1.6M
Cap Rate 9%
$1,235,622
$1.2M
Market Conditions
NOI Build-Up for 6,423 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
$173.4K $27.00/SF
− Vacancy
−$25.1K −$3.92/SF
EGI
$148.3K $23.09/SF
− OpEx
−$37.1K −$5.77/SF
NOI
$111.2K $17.31/SF
Area
Clark County, NV
Vacancy
14.50%
Lease Rate
$27.00 /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%
$2,224,120
Cap Rate 7%
$1,588,657
Cap Rate 9%
$1,235,622
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.85M
NOI $111,206 @ 7.0% cap · market cap 6.95%
Second Best
Mixed Use
$1.25M
$1.10M – $1.46M
NOI $87,674 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,677 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 89005, NV
14,941
Population
7,437
Households
2
Avg Household Size
54
Median Age
31%
College-Educated
97%
High-School Grad
92.3 sq mi
ZIP Area
162
Density / Sq Mi
$68,832
Median Household Income
$42,736
Median Earnings
$1,376
Median Rent
$424,200
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?
Mixed-use property - Industrial workspace is paired with two separate residential units for owner-occupancy, employee housing, or rental use.
Where is this mixed-use property located?
The property is located at 1630 FOOTHILL DR Boulder City, NV.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6,423 SF total building size at 1630 Foothill Dr; 4,730 SF warehouse/office area; 1,056 SF two‑bedroom apartment
