Office-Warehouse Mixed-Use
169 North Gibson, Henderson, NV 89014
For Sale
Contact for pricing
The building is leased through 2035, with scheduled annual rent increases and both office and warehouse areas.
Property Size4,552 SF
Price / SF$285.59
Days on Market40
Property Features for 169 North Gibson
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Clear Height
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Virtue Real Estate Group
Listed By:
Shaun Marion · License NV #36268
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 2:29PM
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 Virtue Real Estate Group
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Investment Insights
Based on property information with market context.
This 4,552-square-foot mixed-use building combines professional office space with warehouse space. Improvements include new office flooring, a new HVAC system, and a new evaporative cooler. The warehouse has 14-foot ceilings and a 12-foot-high roll-up door, and the property includes 13 dedicated parking spaces.
A tenant occupies the property under a lease extending through 2035, with 4% annual rent increases. The site is on North Gibson Road in Henderson, one block from the I-215 Beltway.
A tenant occupies the property under a lease extending through 2035, with 4% annual rent increases. The site is on North Gibson Road in Henderson, one block from the I-215 Beltway.
Key Highlights
- 4,552‑square‑foot building with office and warehouse space
- Tenant lease runs through 2035 with 4% annual rent increases
- Warehouse features 14‑foot ceilings and a 12‑foot‑high roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,500
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,000
$1.3M
Cap Rate 7%
$907,143
$907.1K
Cap Rate 9%
$705,556
$705.6K
Market Conditions
NOI Build-Up for 4,552 SF
Gross rent
$109.2K $24.00/SF
− Vacancy
−$7.6K −$1.68/SF
EGI
$101.6K $22.32/SF
− OpEx
−$38.1K −$8.37/SF
NOI
$63.5K $13.95/SF
Area
ZIP 89014
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,000
Cap Rate 7%
$907,143
Cap Rate 9%
$705,556
Alternative Uses
Best Use
Mixed Use
$907.1K
$793.8K – $1.06M
NOI $63,500 @ 7.0% cap · market cap 4.88%
Second Best
Warehouse
$672.9K
$588.8K – $785.1K
NOI $47,105 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$1.59M
$1.40M – $1.86M
NOI $111,621 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Current Use
Lease Details
14 ft
Clear height
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building is leased through 2035, with scheduled annual rent increases and both office and warehouse areas.
Where is this mixed-use property located?
The property is located at 169 North Gibson Henderson, NV.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,552‑square‑foot building with office and warehouse space; Tenant lease runs through 2035 with 4% annual rent increases; Warehouse features 14‑foot ceilings and a 12‑foot‑high roll‑up door
