Industrial-Zoned Flex
For Sale
Contact for pricing
2225 North Nellis Boulevard, Las Vegas, NV 89115
Hard-corner commercial property with industrial zoning and access to a major Las Vegas arterial.
Property Size7,500 SF
Price / SF$346
Days on Market91
Property Features for 2225 North Nellis Boulevard
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Retail, Industrial, Mixed Use
Zoning
IL
Site & Location
Traffic Count
47,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1985
Buildings
2
Tenancy
Multi
Listing Agency:
LIFE Realty District
Listed By:
Rene Escontrias · License #144067
Source:
Crexi
Added: Jul 16
Changed: Oct 11
Last Checked: Oct 12 at 5:27PM
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 LIFE Realty District
Investment Insights
Based on property information with market context.
This flex space is positioned at the intersection of North Nellis Boulevard and East Judson Avenue in Las Vegas. The property carries IL industrial zoning and was built in 1985. Potential applications identified for the site include warehouse, distribution, light manufacturing, showroom, and hybrid industrial-commercial operations, subject to independent verification of zoning, measurements, uses, and condition.
The hard-corner setting provides frontage along North Nellis Boulevard, where reported daily vehicle counts range from 31,000–47,000. The property is near I-15 and the Nellis Air Force Base community, with dense residential areas, schools, national tenants, and active commercial uses described in the surrounding area. Its location places business operations along a heavily traveled northeast Las Vegas corridor.
The hard-corner setting provides frontage along North Nellis Boulevard, where reported daily vehicle counts range from 31,000–47,000. The property is near I-15 and the Nellis Air Force Base community, with dense residential areas, schools, national tenants, and active commercial uses described in the surrounding area. Its location places business operations along a heavily traveled northeast Las Vegas corridor.
Key Highlights
- IL industrial zoning
- Hard corner at North Nellis Boulevard and East Judson Avenue
- Reported daily traffic of approximately 31,000–47,000 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,475
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,709,500
$1.7M
Cap Rate 7%
$1,221,071
$1.2M
Cap Rate 9%
$949,722
$949.7K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$121.5K $16.20/SF
− Vacancy
−$7.5K −$1.00/SF
EGI
$114.0K $15.20/SF
− OpEx
−$28.5K −$3.80/SF
NOI
$85.5K $11.40/SF
Area
ZIP 89115
Vacancy
6.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,709,500
Cap Rate 7%
$1,221,071
Cap Rate 9%
$949,722
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,475 @ 7.0% cap · market cap 3.29%
Second Best
Warehouse
$1.15M
$1.01M – $1.34M
NOI $80,409 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $156,960 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
47,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Flex space - Hard-corner commercial property with industrial zoning and access to a major Las Vegas arterial.
Where is this flex space located?
The property is located at 2225 North Nellis Boulevard Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: IL industrial zoning; Hard corner at North Nellis Boulevard and East Judson Avenue; Reported daily traffic of approximately 31,000–47,000 vehicles
