Industrial Office & Climate-Controlled
3071 N Nellis Blvd Las Vegas, NV 89115
3071 N Nellis Blvd, Las Vegas, NV, 89115
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For Sale
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Two-building industrial site with a leased six-bay automotive building and a highly improved, climate-controlled warehouse/office facility plus yard.
Property Size11,555 SF
Lot Size2.11 Acres
Price / SF$364.78
Days on Market176
Property Features for 3071 N Nellis Blvd
General Information
- Standard status
- Active
- Size
- 11,555 SF
- Lot size
- 2.11 Acres
- Property subtype
- Industrial, Retail
Listing agency
SVN | The Equity Group
Listed by
Lisa Hauger · License #NV BS 37600
Source
Crexi
Added: Jan 28 Updated: Jul 23 at 3:17AM Checked: Jul 23 at 3:17AM
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 SVN | The Equity Group
Investment Insights
Based on property information with market context.
This 2.11-acre industrial site includes two buildings and a +/-1-acre yard. The front building is occupied by a retail automotive tenant in a +/-3,000SF, six-bay facility. Building #100, located west of the automotive building, is vacant and offers +/-8,555SF of highly improved space, consisting of +/-3,455SF of two-story office and +/-5,100SF of climate-controlled warehouse space.
Originally constructed in 2016 for cannabis cultivation, Building #100 is documented as having over 1,500 AMP’s of power, enhanced security features, specialized climate-controls and air purifying systems, 120 tons HVAC, extensive plumbing and irrigation lines, fire sprinklers, and a 2,000-gallon water tank with RO system. The property provides about +/-150 feet of frontage on Nellis Blvd, just south of Cheyenne Ave.
Zoned IL (Clark County – APZ-1), the offering is described as suitable for high-security industrial, R&D labs, defense and aerospace manufacturing, pharmaceutical and biotech, data center, indoor agriculture, and governmental operations. The automotive tenant signed a new five-year lease in December, with starting rents noted at $1.73 NNN. Pro forma rents are referenced at $1.20 PSF NNN for Building #100 and $0.25 PSF for the contiguous +/-1-acre yard.
Originally constructed in 2016 for cannabis cultivation, Building #100 is documented as having over 1,500 AMP’s of power, enhanced security features, specialized climate-controls and air purifying systems, 120 tons HVAC, extensive plumbing and irrigation lines, fire sprinklers, and a 2,000-gallon water tank with RO system. The property provides about +/-150 feet of frontage on Nellis Blvd, just south of Cheyenne Ave.
Zoned IL (Clark County – APZ-1), the offering is described as suitable for high-security industrial, R&D labs, defense and aerospace manufacturing, pharmaceutical and biotech, data center, indoor agriculture, and governmental operations. The automotive tenant signed a new five-year lease in December, with starting rents noted at $1.73 NNN. Pro forma rents are referenced at $1.20 PSF NNN for Building #100 and $0.25 PSF for the contiguous +/-1-acre yard.
Key Highlights
- 2.11‑acre, two‑building industrial site with about 150' of frontage on Nellis Blvd, just south of Cheyenne Ave
- Leased front building: +/−3000 SF, 6‑bay retail automotive building on over half an acre
- Building #100 (vacant): +/−8555 SF highly improved industrial building with +/−3455 SF two‑story office and +/−5100 SF climate‑controlled warehouse
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.5k | $13.80 |
| − Vacancy | −$13.7k | −$1.19 |
| EGI | $145.7k | $12.61 |
| − OpEx | −$21.9k | −$1.89 |
| NOI | $123.9k | $10.72 |
11,555 SF · lease $13.80/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.77M
$1.55M – $2.06M
NOI $123,884 @ 7.0% cap · market cap 2.94%
Second Best
Retail
$1.59M
$1.39M – $1.85M
NOI $111,015 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,823 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Guajardo's Auto Repair
Auto Repair Shop
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FAQs
What type of property is this?
Cannabis property - Two-building industrial site with a leased six-bay automotive building and a highly improved, climate-controlled warehouse/office facility plus yard.
Where is this cannabis property located?
The property is located at 3071 N Nellis Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $4,215,000.
What are key features of this property?
This property features: 2.11‑acre, two‑building industrial site with about 150' of frontage on Nellis Blvd, just south of Cheyenne Ave; Leased front building: +/−3000 SF, 6‑bay retail automotive building on over half an acre; Building #100 (vacant): +/−8555 SF highly improved industrial building with +/−3455 SF two‑story office and +/−5100 SF climate‑controlled warehouse
