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 Market322
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
Listed By:
Layne McDonald · License #NV #S.0189805.LLC
(702) 210-2207
Source:
Svn-theequitygroup
Added: Nov 25, 2025
Changed: Oct 3
Last Checked: Oct 12 at 6:41PM
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 / Yr
$164,106
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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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?
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
