North Las Vegas Industrial
For Sale
Contact for pricing
2061 Losee Rd, North Las Vegas, NV 89030
Multi-tenant auto repair and industrial facility for sale.
Property Size11,424 SF
Lot Size0.74 Acres
Price / SF$226.72
Days on Market159
Property Features for 2061 Losee Rd
General Information
Standard status
Active
Size
11,424 SF
Lot size
0.74 Acres
Property subtype
Retail
Zoning
M3
Building Details
Year Built
1986
Buildings
1
Stories
1
Units
3
Listing Agency:
Centennial Advisers
(714) 231-2537
Listed By:
Kandace Murphy · License #NV S.0195558
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 11 at 4:12PM
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 Centennial Advisers
Investment Insights
Based on property information with market context.
Located at 2061 Losee Road in North Las Vegas, this multi-tenant investment property features an 11,424-square-foot auto repair and industrial facility on a 0.74-acre lot. The property has M3 zoning and is situated south of the Losee Road and Lake Mead Boulevard intersection, providing access less than one mile from the I-15 interchange. Daily traffic exceeds 125,000 vehicles along the interstate corridor. Constructed in 1986, the building's layout includes three operational spaces, modified from nine bays, along with three offices and four restrooms. The site has a parking ratio of 3.28 per 1,000 square feet. Three tenants currently occupy the spaces on a month-to-month basis. The existing rents reflect a 5% cap plus cams. The property is located in a supply-constrained submarket with limited new inventory under 20,000 square feet.
Key Highlights
- Strategic multi‑tenant investment opportunity with seller willing to carry a long term note.
- Rare M3 zoning allows for a wide range of auto repair and industrial uses.
- Excellent location with easy access to I‑15 (less than one mile) and high daily traffic counts (125,000 vehicles).
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
$147,562
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
5.70%
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%
$2,951,240
$3.0M
Cap Rate 7%
$2,108,029
$2.1M
Cap Rate 9%
$1,639,578
$1.6M
Market Conditions
NOI Build-Up for 11,424 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
$246.8K $21.60/SF
− Vacancy
−$19.7K −$1.73/SF
EGI
$227.0K $19.87/SF
− OpEx
−$79.5K −$6.96/SF
NOI
$147.6K $12.92/SF
Area
North Las Vegas, NV
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$2,951,240
Cap Rate 7%
$2,108,029
Cap Rate 9%
$1,639,578
Alternative Uses
Best Use
Flex RnD
$2.11M
$1.84M – $2.46M
NOI $147,562 @ 7.0% cap · market cap 5.70%
Second Best
Retail
$1.97M
$1.72M – $2.29M
NOI $137,609 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,407 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89030, NV
56,399
Population
16,632
Households
3.4
Avg Household Size
30
Median Age
5%
College-Educated
58%
High-School Grad
9.5 sq mi
ZIP Area
5,937
Density / Sq Mi
$46,204
Median Household Income
$31,787
Median Earnings
$1,139
Median Rent
$237,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kns Auto Body — North Las Vegas, NV 89030
- PedrosDiagnostics — 400 W Owens Ave, Las Vegas, NV 89106
- Vegas discount automotive repair — 89106 Office, 711 Harrison Ave, Las Vegas, NV 89106
- Doug's Automotive Electronics — 1601 D St, Las Vegas, NV 89106
- primo tires — 400 W Owens Ave, Las Vegas, NV 89106
Frequently Asked Questions
What type of property is this?
Auto shop - Multi-tenant auto repair and industrial facility for sale.
Where is this auto shop located?
The property is located at 2061 Losee Rd North Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Strategic multi‑tenant investment opportunity with seller willing to carry a long term note.; Rare M3 zoning allows for a wide range of auto repair and industrial uses.; Excellent location with easy access to I‑15 (less than one mile) and high daily traffic counts (125,000 vehicles).
