Multi-Tenant Industrial
2075 Palm St, Las Vegas, NV 89104
For Sale
Contact for pricing
Automotive and auto body businesses occupy much of the secured, fenced property.
Property Size32,200 SF
Lot Size2.23 Acres
Price / SF$201.86
Days on Market35
Property Features for 2075 Palm St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Net Operating Income
Financials
Asking Price
Gross Income
Opportunity Zone
Site & Location
Neighborhood
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Office Build-Out
Sprinkler System
Tenancy & Operations
Tenant in Place
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Property Use
Building Details
Buildings
Tenancy
Listing Agency:
NAI Excel
Listed By:
Justen Kruse · License #S.0196453
(702) 815-1986
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 5:21PM
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 NAI Excel
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Investment Insights
Based on property information with market context.
This Central Las Vegas industrial portfolio comprises three buildings totaling approximately 32,200 square feet on 2.23 acres. It is 94% leased to 13 tenants, with automotive and auto body operators representing much of the occupancy. The IL-zoned site includes a fenced, secured yard, poured-concrete parking, and fire-sprinklered buildings. A Dotty’s bar and gaming location is also part of the tenant mix.
A vacant 1,800-square-foot office offers additional space, while three month-to-month suites and scheduled rent increases in 11 of the 15 leases provide further leasing flexibility. Lease terms extend through 2029. The property is in a designated Opportunity Zone, minutes from Downtown Las Vegas, with access to I-11 and I-15.
A vacant 1,800-square-foot office offers additional space, while three month-to-month suites and scheduled rent increases in 11 of the 15 leases provide further leasing flexibility. Lease terms extend through 2029. The property is in a designated Opportunity Zone, minutes from Downtown Las Vegas, with access to I-11 and I-15.
Key Highlights
- Three industrial buildings totaling approximately 32,200 SF on 2.23 acres
- 94% leased to 13 tenants
- IL zoning, fenced secured yard, and poured‑concrete parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,283
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,825,660
$3.8M
Cap Rate 7%
$2,732,614
$2.7M
Cap Rate 9%
$2,125,367
$2.1M
Market Conditions
NOI Build-Up for 32,200 SF
Gross rent
$309.1K $9.60/SF
− Vacancy
−$35.9K −$1.11/SF
EGI
$273.3K $8.49/SF
− OpEx
−$82.0K −$2.55/SF
NOI
$191.3K $5.94/SF
Area
Las Vegas, NV
Vacancy
11.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,825,660
Cap Rate 7%
$2,732,614
Cap Rate 9%
$2,125,367
Alternative Uses
Best Use
Retail
$10.38M
$9.09M – $12.12M
NOI $726,929 @ 7.0% cap · market cap 11.18%
Second Best
Industrial
$2.73M
$2.39M – $3.19M
NOI $191,283 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$11.13M
$9.74M – $12.98M
NOI $778,852 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
94%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Industrial properties in Las Vegas
Vacancy Rate% for Industrial in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Industrial property - Automotive and auto body businesses occupy much of the secured, fenced property.
Where is this industrial property located?
The property is located at 2075 Palm St Las Vegas, NV.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Three industrial buildings totaling approximately 32,200 SF on 2.23 acres; 94% leased to 13 tenants; IL zoning, fenced secured yard, and poured‑concrete parking
