North Las Vegas Warehouse
For Sale
Contact for pricing
Pending
3051 Coleman Street, North Las Vegas, NV 89032
Office/warehouse in Aircenter North Business Park, North Las Vegas.
Property Size15,330 SF
Days on Market104
Property Features for 3051 Coleman Street
General Information
Standard status
Pending
Size
15,330 SF
Class
B
Property subtype
Office, Industrial
Zoning
General Industrial (M-2)
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
2003
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
MDL Group
(702) 388-1800
Listed By:
Jarrad Katz, SIOR, CCIM · License #B.0145888.LLC
Source:
Crexi
Added: May 20
Changed: Aug 28
Last Checked: Aug 14 at 7:26AM
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.
Located within Aircenter North Business Park in North Las Vegas, the property at 3051 Coleman St. presents an office/warehouse opportunity. The property is well-suited for distribution, warehouse, or service-related operations. It benefits from its location within one of Southern Nevada’s rapidly growing industrial submarkets. The property offers convenient access to I-15, US-95, and the North Las Vegas Airport, providing connectivity throughout the Las Vegas Valley. Aircenter North Business Park is surrounded by a variety of industrial and commercial amenities, including Cannery Casino, Craig Ranch Regional Park, national retail and dining options along Craig Rd. and Losee Rd., and several nearby warehouse and distribution hubs. The property contains 15,330 square feet.
Key Highlights
- Excellent access to I‑15 and US‑95 highways.
- Located in Aircenter North Business Park, a well‑established industrial corridor.
- Suitable for distribution, warehouse, or service‑related operations.
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
$198,015
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
6.47%
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%
$3,960,300
$4.0M
Cap Rate 7%
$2,828,786
$2.8M
Cap Rate 9%
$2,200,167
$2.2M
Market Conditions
NOI Build-Up for 15,330 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
$331.1K $21.60/SF
− Vacancy
−$26.5K −$1.73/SF
EGI
$304.6K $19.87/SF
− OpEx
−$106.6K −$6.96/SF
NOI
$198.0K $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 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%
$3,960,300
Cap Rate 7%
$2,828,786
Cap Rate 9%
$2,200,167
Alternative Uses
Best Use
Flex RnD
$2.83M
$2.48M – $3.30M
NOI $198,015 @ 7.0% cap · market cap 6.47%
Second Best
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,813 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,399 @ 7.0% cap · market cap 9.48%
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
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Office/warehouse in Aircenter North Business Park, North Las Vegas.
Where is this flex space located?
The property is located at 3051 Coleman Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,061,834.
What are key features of this property?
This property features: Excellent access to I‑15 and US‑95 highways.; Located in Aircenter North Business Park, a well‑established industrial corridor.; Suitable for distribution, warehouse, or service‑related operations.
