New Industrial Building Under
For Sale
Contact for pricing
2630 W Brooks Ave, North Las Vegas, NV 89032
10,476 SF industrial building in North Las Vegas.
Property Size10,476 SF
Lot Size0.63 Acres
Price / SF$324.55
Days on Market172
Property Features for 2630 W Brooks Ave
General Information
Standard status
Active
Size
10,476 SF
Lot size
0.63 Acres
Property subtype
Industrial
Building Details
Year Built
2026
Buildings
1
Listing Agency:
MDL Group
Listed By:
Jerdin Lindquist · License #BS.0146806
Source:
Crexi
Added: Mar 4
Changed: Aug 14
Last Checked: Aug 21 at 8:54PM
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 MDL Group
Investment Insights
Based on property information with market context.
The property at 2630 W. Brooks Avenue, North Las Vegas, Nevada 89032, is a newly constructed industrial building under development, scheduled for completion in April 2026. The building has a size of approximately 10,476 square feet and is situated on a site of approximately 0.63 acres. Zoned M-2 (Industrial Light), the property includes approximately 1,078 square feet of office space and features an 18-foot clear height. It is equipped with five 12’ x 14’ grade-level doors, fire sprinklers, and evaporative coolers. There are 17 parking stalls available. The property is located in the North Las Vegas submarket near Simmons St. and W. Cheyenne Ave., providing access to the I-15 freeway and proximity to the North Las Vegas Airport. This location offers connectivity within an industrial corridor, making it suitable for various owner-user or investment purposes.
Key Highlights
- New construction industrial building (completion April 2026).
- Strategic location in North Las Vegas with immediate I‑15 access and proximity to North Las Vegas Airport.
- Zoned M‑2 (Industrial Light) suitable for owner‑user or investment.
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
$145,103
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
4.27%
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%
$2,902,060
$2.9M
Cap Rate 7%
$2,072,900
$2.1M
Cap Rate 9%
$1,612,256
$1.6M
Market Conditions
NOI Build-Up for 10,476 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
$226.3K $21.60/SF
− Vacancy
−$32.8K −$3.13/SF
EGI
$193.5K $18.47/SF
− OpEx
−$48.4K −$4.62/SF
NOI
$145.1K $13.85/SF
Area
North Las Vegas, NV
Vacancy
14.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$2,902,060
Cap Rate 7%
$2,072,900
Cap Rate 9%
$1,612,256
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.42M
NOI $145,103 @ 7.0% cap · market cap 4.27%
Second Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,782 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$2.83M
$2.48M – $3.31M
NOI $198,449 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 10,476 SF industrial building in North Las Vegas.
Where is this warehouse located?
The property is located at 2630 W Brooks Ave North Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: New construction industrial building (completion April 2026).; Strategic location in North Las Vegas with immediate I‑15 access and proximity to North Las Vegas Airport.; Zoned M‑2 (Industrial Light) suitable for owner‑user or investment.
