Warehouse with
For Sale
Contact for pricing
3415 W LAKE MEAD BLVD, North Las Vegas, NV 89032
Small industrial warehouse with grade-level loading, dedicated office space, restroom, and included storage containers.
Property Size3,200 SF
Price / SF$310.94
Days on Market96
Property Features for 3415 W LAKE MEAD BLVD
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
3,200 SF
Office Build-Out
300 SF
Drive-In Doors
2
Building Details
Year Built
2006
Stories
1
Units
16
Listing Agency:
Property Group Partners
Listed By:
Lisa Locati · License #NV
Source:
Crexi
Added: May 28
Changed: Aug 30
Last Checked: Aug 30 at 4:12PM
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 Property Group Partners
Investment Insights
Based on property information with market context.
This 3,200 SF warehouse was built in 2006 and includes a yard, two grade doors, and an approximately 300 SF office with an adjoining restroom. Two 40-foot containers are included with the property.
The property is located at 3415 W Lake Mead Blvd in North Las Vegas, providing an industrial setting for warehouse and storage operations.
The property is located at 3415 W Lake Mead Blvd in North Las Vegas, providing an industrial setting for warehouse and storage operations.
Key Highlights
- 3,200 SF warehouse built in 2006
- Two grade doors provide grade‑level loading access
- Approximately 300 SF office with restroom inside the warehouse
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
$28,341
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
2.85%
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%
$566,820
$566.8K
Cap Rate 7%
$404,871
$404.9K
Cap Rate 9%
$314,900
$314.9K
Market Conditions
NOI Build-Up for 3,200 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
$36.5K $11.40/SF
− Vacancy
−$3.1K −$0.98/SF
EGI
$33.3K $10.42/SF
− OpEx
−$5.0K −$1.56/SF
NOI
$28.3K $8.86/SF
Area
North Las Vegas, NV
Vacancy
8.60%
Lease Rate
$11.40 /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%
$566,820
Cap Rate 7%
$404,871
Cap Rate 9%
$314,900
Alternative Uses
Best Use
Warehouse
$404.9K
$354.3K – $472.4K
NOI $28,341 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$866.0K
$757.7K – $1.01M
NOI $60,618 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Balanced
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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- Extra Space Storage — 2025 N Rancho Dr, Las Vegas, NV 89106
- Self-Storage at U-Haul — 3083 W Lake Mead Blvd, North Las Vegas, NV 89032
Frequently Asked Questions
What type of property is this?
Warehouse - Small industrial warehouse with grade-level loading, dedicated office space, restroom, and included storage containers.
Where is this warehouse located?
The property is located at 3415 W LAKE MEAD BLVD North Las Vegas, NV.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,200 SF warehouse built in 2006; Two grade doors provide grade‑level loading access; Approximately 300 SF office with restroom inside the warehouse
