Flex Space with Production
209 E Brooks Ave, North Las Vegas, NV 89030
For Sale
New
$1,800,000
Masonry construction, office space, and a secured outdoor yard support a range of industrial operations.
Property Size5,729 SF
Price / SF$314.19
Days on Market2
Property Features for 209 E Brooks Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Property Use
Amenities
The property is zoned M-2 (Heavy Industrial), allowing for a wide range of industrial and manufacturing uses.
The property features approximately ±4,755 SF of warehouse space and ±974 SF of office space, providing a functional layout for an owner-user with use of packing or climate-sensitive operations.
The property features an HVAC-controlled room designed for packing and production operations, providing a climate-controlled environment for specialized business needs (FDA Approved).
The property features a secured side yard of approximately ±1,980 SF, providing additional outdoor storage and operational flexibility.
Building Details
Building Size
Year Built
Construction
Listing Agency:
Marcus & Millichap | Las Vegas
Listed By:
Ray Germain · License #License(s): NV: S.0168487
(702) 215-7153
Source:
Marcusmillichap
Added: Nov 8
Last Checked: Nov 8 at 4:59PM
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 Marcus & Millichap | Las Vegas
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Investment Insights
Based on property information with market context.
This 1998 masonry flex facility contains ±5,729 SF, with ±4,755 SF dedicated to warehouse space and ±974 SF configured as office space. An HVAC-controlled production and packing room provides a temperature-regulated work area. The property also includes an approximately ±1,980 SF fenced side yard for outdoor storage or staging.
At 209 E Brooks Ave in North Las Vegas, the site offers access to Interstate 15, the Las Vegas Strip, Harry Reid International Airport, and Downtown Las Vegas. The property is zoned M-2 (General Industrial).
At 209 E Brooks Ave in North Las Vegas, the site offers access to Interstate 15, the Las Vegas Strip, Harry Reid International Airport, and Downtown Las Vegas. The property is zoned M-2 (General Industrial).
Key Highlights
- ±5,729 SF building, including ±4,755 SF of warehouse and ±974 SF of office space
- HVAC‑controlled production and packing room
- Approximately ±1,980 SF secured side yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,000
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,000
$1.5M
Cap Rate 7%
$1,057,143
$1.1M
Cap Rate 9%
$822,222
$822.2K
Market Conditions
NOI Build-Up for 5,729 SF
Gross rent
$123.7K $21.60/SF
− Vacancy
−$9.9K −$1.73/SF
EGI
$113.8K $19.87/SF
− OpEx
−$39.8K −$6.96/SF
NOI
$74.0K $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 Rate 5%
$1,480,000
Cap Rate 7%
$1,057,143
Cap Rate 9%
$822,222
Alternative Uses
Best Use
Flex RnD
$1.06M
$925.0K – $1.23M
NOI $74,000 @ 7.0% cap · market cap 4.11%
Second Best
Warehouse
$724.9K
$634.3K – $845.7K
NOI $50,740 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,526 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Clark County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- SIR TAJ FRIED RICE — 722 W Carey Ave, North Las Vegas, NV 89030
- Joseph's Commissary — 439 Rock Quarry Way, North Las Vegas, NV 89032
Frequently Asked Questions
What type of property is this?
Flex space - Masonry construction, office space, and a secured outdoor yard support a range of industrial operations.
Where is this flex space located?
The property is located at 209 E Brooks Ave North Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: ±5,729 SF building, including ±4,755 SF of warehouse and ±974 SF of office space; HVAC‑controlled production and packing room; Approximately ±1,980 SF secured side yard
