Freestanding Industrial
For Sale
$3,700,000
2017 West Gowan Road, North Las Vegas, NV 89032
M-2 zoning, office space, loading doors, and a private yard support the property’s industrial configuration.
Property Size18,572 SF
Price / SF$199.22
Days on Market100
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Property Features for 2017 West Gowan Road
General Information
Standard status
Active
Size
18,572 SF
Property subtype
Industrial
Zoning
M-2
Occupancy
100%
Net Operating Income
$198,606
Warehouse & Industrial
Warehouse Space
17,444 SF
Office Build-Out
1,128 SF
Drive-In Doors
3
Additional Details
Outdoor Storage
Yes
Building Details
Building Size
18,572 SF
Year Built
1984
Buildings
1
Tenancy
Single
Listed By:
Jarrad Katz, SIOR, CCIM · License #NV #B.0145888.LLC
(702) 610-1002
Source:
Corfac
Added: Jul 8
Changed: Oct 15
Last Checked: Oct 14 at 9:56PM
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 Jarrad Katz, SIOR, CCIM
Investment Insights
Based on property information with market context.
The freestanding industrial warehouse at 2017 West Gowan Road contains approximately 18,572 SF, including approximately 1,128 SF of office space with a lobby, three private offices, and three restrooms. Approximately 17,444 SF is dedicated to warehouse space. Three exterior grade-level loading doors serve the building, with two at the front and one along the side. The property also includes an approximately 8,500 SF private yard.
The building was constructed in 1984 and is zoned M-2. It is currently 100% occupied, with the tenant willing to vacate for an owner-user purchase. The property is in the North Las Vegas submarket, surrounded by residential planned neighborhoods and retail amenities. It is approximately 3.7 miles from North Las Vegas Airport, 4.9 miles from the I-11 Freeway, and 3.1 miles from the I-15 Freeway.
The building was constructed in 1984 and is zoned M-2. It is currently 100% occupied, with the tenant willing to vacate for an owner-user purchase. The property is in the North Las Vegas submarket, surrounded by residential planned neighborhoods and retail amenities. It is approximately 3.7 miles from North Las Vegas Airport, 4.9 miles from the I-11 Freeway, and 3.1 miles from the I-15 Freeway.
Key Highlights
- ±18,572 SF freestanding industrial building
- ±17,444 SF warehouse area plus ±1,128 SF of office space
- Three exterior grade‑level loading doors: two front and one side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,486
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,289,720
$3.3M
Cap Rate 7%
$2,349,800
$2.3M
Cap Rate 9%
$1,827,622
$1.8M
Market Conditions
NOI Build-Up for 18,572 SF
Gross rent
$211.7K $11.40/SF
− Vacancy
−$18.2K −$0.98/SF
EGI
$193.5K $10.42/SF
− OpEx
−$29.0K −$1.56/SF
NOI
$164.5K $8.86/SF
Area
North Las Vegas, NV
Vacancy
8.60%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,289,720
Cap Rate 7%
$2,349,800
Cap Rate 9%
$1,827,622
Alternative Uses
Best Use
Warehouse
$2.35M
$2.06M – $2.74M
NOI $164,486 @ 7.0% cap · market cap 4.45%
Second Best
Industrial
$1.94M
$1.69M – $2.26M
NOI $135,459 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$5.03M
$4.40M – $5.86M
NOI $351,813 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 89032, NV
47,324
Population
16,514
Households
2.9
Avg Household Size
36
Median Age
16%
College-Educated
82%
High-School Grad
10.0 sq mi
ZIP Area
4,732
Density / Sq Mi
$74,661
Median Household Income
$40,155
Median Earnings
$1,646
Median Rent
$346,500
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - M-2 zoning, office space, loading doors, and a private yard support the property’s industrial configuration.
Where is this warehouse located?
The property is located at 2017 West Gowan Road North Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: ±18,572 SF freestanding industrial building; ±17,444 SF warehouse area plus ±1,128 SF of office space; Three exterior grade‑level loading doors: two front and one side
