Flex Industrial
For Sale
Contact for pricing
1850 Whitney Mesa Drive Ste. 100, Henderson, NV 89014
Warehouse functionality and finished office improvements support a range of commercial ownership or investment uses.
Property Size5,274 SF
Price / SF$284.41
Days on Market18
Property Features for 1850 Whitney Mesa Drive Ste. 100
General Information
Standard status
Active
Size
5,274 SF
Property subtype
Industrial, Office
Zoning
Industrial Park (IP)
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Drive-In Doors
1
Building Details
Year Built
2008
Construction
tilt-up concrete
Listing Agency:
North American Commercial
Listed By:
Anthony Battisti · License #S.0200033
Source:
Crexi
Added: Aug 11
Changed: Aug 28
Last Checked: Aug 28 at 12:40PM
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 North American Commercial
Investment Insights
Based on property information with market context.
This 5,274-square-foot flex industrial condo combines warehouse space with professionally finished offices in a concrete tilt-up business park. The unit includes one grade-level loading door and was built in 2008. Industrial Park (IP) zoning supports its position within an established commercial setting.
The property is located at 1850 Whitney Mesa Drive, Suite 100, in Henderson, Nevada. Access to Interstate 215, Harry Reid International Airport, and the Las Vegas resort corridor connects the unit with major regional destinations and transportation infrastructure.
The balance of warehouse and office improvements provides a practical configuration for an owner-user or investment property, with loading access and dedicated finished workspace already in place.
The property is located at 1850 Whitney Mesa Drive, Suite 100, in Henderson, Nevada. Access to Interstate 215, Harry Reid International Airport, and the Las Vegas resort corridor connects the unit with major regional destinations and transportation infrastructure.
The balance of warehouse and office improvements provides a practical configuration for an owner-user or investment property, with loading access and dedicated finished workspace already in place.
Key Highlights
- 5,274‑square‑foot flex industrial condo unit
- One grade‑level loading door
- Professionally finished office improvements
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
$86,542
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
5.77%
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%
$1,730,840
$1.7M
Cap Rate 7%
$1,236,314
$1.2M
Cap Rate 9%
$961,578
$961.6K
Market Conditions
NOI Build-Up for 5,274 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
$139.9K $26.52/SF
− Vacancy
−$24.5K −$4.64/SF
EGI
$115.4K $21.88/SF
− OpEx
−$28.8K −$5.47/SF
NOI
$86.5K $16.41/SF
Area
ZIP 89014
Vacancy
17.50%
Lease Rate
$26.52 /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%
$1,730,840
Cap Rate 7%
$1,236,314
Cap Rate 9%
$961,578
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,542 @ 7.0% cap · market cap 5.77%
Second Best
Warehouse
$779.7K
$682.2K – $909.6K
NOI $54,577 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,326 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Balanced
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse functionality and finished office improvements support a range of commercial ownership or investment uses.
Where is this flex space located?
The property is located at 1850 Whitney Mesa Drive Ste. 100 Henderson, NV.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 5,274‑square‑foot flex industrial condo unit; One grade‑level loading door; Professionally finished office improvements
