Flex Industrial Building with
For Sale
$1,995,000
220 Commerce Park Ct, North Las Vegas, NV 89032
M-2-zoned facility combines office and warehouse areas with outdoor storage and grade-level loading.
Property Size6,644 SF
Lot Size1.70 Acres
Price / SF$300.27
Days on Market47
Property Features for 220 Commerce Park Ct
General Information
Standard status
Active
Size
6,644 SF
Lot size
1.70 Acres
Property subtype
Industrial
Zoning
M-2
Site & Location
Neighborhood
Vegas Heights
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
3,752 SF
Office Build-Out
2,892 SF
Drive-In Doors
1
Power
400 amps
Voltage
208 V
Three-Phase Power
No
Sprinkler System
Yes
Amenities
multiple private offices
reception area
conference room
kitchenette
restrooms
Building Details
Building Size
6,644 SF
Year Built
2000
Listed By:
Bryan Houser, SIOR · License #NV #S.0038030
(702) 534-1714
Source:
Naiglobal
Added: Sep 20
Last Checked: Nov 4 at 11:03AM
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 Bryan Houser, SIOR
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Investment Insights
Based on property information with market context.
This 6,644-square-foot flex industrial building includes approximately 2,892 square feet of office area and 3,752 square feet of warehouse space. The office portion provides multiple private offices, a reception area, conference room, kitchenette, and restrooms. Warehouse improvements include a 12' x 10' grade-level door, 16' clear height, fire sprinklers, and 400-amp 120/208V single-phase power. Gas service is also present.
The property occupies approximately 1.7 acres and includes outdoor yard storage. M-2 zoning supports a range of industrial uses. Located at 220 Commerce Park Ct in North Las Vegas, the facility offers access to major roadways and I-15. Built in 2000, the building is suited to an owner-user seeking integrated office, warehouse, and yard components.
The property occupies approximately 1.7 acres and includes outdoor yard storage. M-2 zoning supports a range of industrial uses. Located at 220 Commerce Park Ct in North Las Vegas, the facility offers access to major roadways and I-15. Built in 2000, the building is suited to an owner-user seeking integrated office, warehouse, and yard components.
Key Highlights
- 6,644 SF flex industrial building with approximately 2,892 SF of office and 3,752 SF of warehouse space
- Approximately 1.7 acres with outside yard storage
- M‑2 zoning for industrial use flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,819
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,380
$1.7M
Cap Rate 7%
$1,225,986
$1.2M
Cap Rate 9%
$953,544
$953.5K
Market Conditions
NOI Build-Up for 6,644 SF
Gross rent
$143.5K $21.60/SF
− Vacancy
−$11.5K −$1.73/SF
EGI
$132.0K $19.87/SF
− OpEx
−$46.2K −$6.96/SF
NOI
$85.8K $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%
$1,716,380
Cap Rate 7%
$1,225,986
Cap Rate 9%
$953,544
Alternative Uses
Best Use
Flex RnD
$1.23M
$1.07M – $1.43M
NOI $85,819 @ 7.0% cap · market cap 4.30%
Second Best
Warehouse
$840.6K
$735.6K – $980.7K
NOI $58,844 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,859 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Under-served
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Joseph's Commissary — 439 Rock Quarry Way, North Las Vegas, NV 89032
Frequently Asked Questions
What type of property is this?
Flex space - M-2-zoned facility combines office and warehouse areas with outdoor storage and grade-level loading.
Where is this flex space located?
The property is located at 220 Commerce Park Ct North Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 6,644 SF flex industrial building with approximately 2,892 SF of office and 3,752 SF of warehouse space; Approximately 1.7 acres with outside yard storage; M‑2 zoning for industrial use flexibility
