Las Vegas Industrial Owner
For Sale
$5,340,000
3250 Palm Pkwy, Las Vegas, NV 89104
22,750 SF industrial building with fenced yard in Las Vegas.
Property Size22,750 SF
Price / SF$234.73
Days on Market276
Property Features for 3250 Palm Pkwy
General Information
Standard status
Active
Size
22,750 SF
Property subtype
Industrial
Building Details
Building Size
22,750 SF
Year Built
1976
Listing Agency:
SVN | The Equity Group
(702) 210-2207
Listed By:
Layne McDonald · License #NV #S.0189805.LLC
(702) 210-2207
Source:
Svn-theequitygroup
Added: Nov 25, 2025
Changed: Aug 8
Last Checked: Aug 28 at 8:21AM
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.
Located in Las Vegas, Nevada, the property at 3250 Palm Parkway presents an opportunity for an industrial owner-user. This standalone building is suitable for trucking, distribution, warehousing, and other industrial uses. It features over 1 acre of fenced yard space. The property offers access to the I-11 via E Charleston Blvd. The building has 22,750 square feet, including 1,350 square feet of office space. The office area includes 4 private offices, 1 large open office, and two restrooms. The warehouse is serviced by a multi-stall dock apron and two 11'x11' dock doors, as well as two 14'x14' grade high doors. A small breakroom with a single restroom is also included. The warehouse has a clear height of approximately 25 feet and is fire sprinklered. The property is zoned IL (Industrial Light) and has an APN of 162-01-712-002, 004. The fenced yard space measures approximately 52,000 square feet.
Key Highlights
- ±52,000 SF of Fenced Yard Space
- ±22,750 SF Building with 1,350 SF Office
- Quick access to I‑11 via E Charleston Blvd
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
$164,106
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
3.07%
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%
$3,282,120
$3.3M
Cap Rate 7%
$2,344,371
$2.3M
Cap Rate 9%
$1,823,400
$1.8M
Market Conditions
NOI Build-Up for 22,750 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
$218.4K $9.60/SF
− Vacancy
−$25.3K −$1.11/SF
EGI
$193.1K $8.49/SF
− OpEx
−$29.0K −$1.27/SF
NOI
$164.1K $7.21/SF
Area
Las Vegas, NV
Vacancy
11.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$3,282,120
Cap Rate 7%
$2,344,371
Cap Rate 9%
$1,823,400
Alternative Uses
Best Use
Warehouse
$2.34M
$2.05M – $2.74M
NOI $164,106 @ 7.0% cap · market cap 3.07%
Second Best
Industrial
$1.93M
$1.69M – $2.25M
NOI $135,146 @ 7.0% cap · market cap 2.53%
Theoretical Best
Specialty Retail
$7.86M
$6.88M – $9.17M
NOI $550,276 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
Market
Vacancy Rate% for Industrial in Las Vegas, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Iron Mountain — sunrise manor, nv 89104
- US Storage Centers — 3375 Glen Ave, Las Vegas, NV 89121
- Self Storage — 3375 Glen Ave, Las Vegas, NV 89121
- Best Choice Moving — Winchester, NV 89121
- Prime-Self-Stor — 3345 e sahara ave, las vegas, nv 89104
Frequently Asked Questions
What type of property is this?
Warehouse - 22,750 SF industrial building with fenced yard in Las Vegas.
Where is this warehouse located?
The property is located at 3250 Palm Pkwy Las Vegas, NV.
What is the asking price?
The asking price for this property is $5,340,000.
What are key features of this property?
This property features: ±52,000 SF of Fenced Yard Space; ±22,750 SF Building with 1,350 SF Office; Quick access to I‑11 via E Charleston Blvd
