Flex Building with Fenced Loading
For Sale
$1,823,387
3852 East Post Road, Las Vegas, NV 89120
Industrial Park-zoned flex property with separate office and warehouse components, substantial power capacity, and secured loading functionality.
Property Size8,330 SF
Lot Size0.31 Acres
Price / SF$218.89
Days on Market90
Property Features for 3852 East Post Road
General Information
Standard status
Active
Size
8,330 SF
Total Parking Spaces
12
Lot size
0.31 Acres
Property subtype
Industrial
Zoning
IP
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
4,268 SF
Drive-In Doors
3
Power
400 amps
Voltage
208 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Asking Price
$2,374,050
Building Details
Year Built
1997
Building Size
8,330 SF
Listing Agency:
CBRE - Las Vegas
(702) 369-4874
Listed By:
Alex Stanisic, SIOR · License #S.0179950
(702) 369-4874
Source:
Cbre
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 4:24PM
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 CBRE - Las Vegas
Investment Insights
Based on property information with market context.
This ±8,330 SF flex building occupies ±0.31 acres and was built in 1997. The configuration includes ±2,036 SF of HVAC first-floor office space, ±2,026 SF of HVAC second-floor office space, and ±4,268 SF of evaporatively cooled warehouse area. The building provides approximately 20 feet of clear height, three restrooms, and a second-floor restroom with a shower.
Operational features include 400-amp, 208/120-volt, 3-phase power and ±1,800 SF of fenced loading area with a shipping container and roll-up door. Loading access is provided by two 12-by-14-foot grade-level doors and one 10-by-10-foot grade-level door. Twelve parking spaces are included, and the property is zoned Industrial Park (IP).
Operational features include 400-amp, 208/120-volt, 3-phase power and ±1,800 SF of fenced loading area with a shipping container and roll-up door. Loading access is provided by two 12-by-14-foot grade-level doors and one 10-by-10-foot grade-level door. Twelve parking spaces are included, and the property is zoned Industrial Park (IP).
Key Highlights
- ±8,330 SF building on ±0.31 acres
- ±2,036 SF HVAC first‑floor office and ±2,026 SF HVAC second‑floor office
- ±4,268 SF evaporatively cooled 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
$128,199
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
7.03%
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%
$2,563,980
$2.6M
Cap Rate 7%
$1,831,414
$1.8M
Cap Rate 9%
$1,424,433
$1.4M
Market Conditions
NOI Build-Up for 8,330 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
$199.9K $24.00/SF
− Vacancy
−$29.0K −$3.48/SF
EGI
$170.9K $20.52/SF
− OpEx
−$42.7K −$5.13/SF
NOI
$128.2K $15.39/SF
Area
Las Vegas, NV
Vacancy
14.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,563,980
Cap Rate 7%
$1,831,414
Cap Rate 9%
$1,424,433
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,199 @ 7.0% cap · market cap 7.03%
Second Best
Warehouse
$858.4K
$751.1K – $1.00M
NOI $60,088 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$2.88M
$2.52M – $3.36M
NOI $201,486 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,950
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89120, NV
24,813
Population
9,861
Households
2.5
Avg Household Size
40
Median Age
26%
College-Educated
88%
High-School Grad
7.1 sq mi
ZIP Area
3,495
Density / Sq Mi
$75,813
Median Household Income
$38,774
Median Earnings
$1,467
Median Rent
$364,800
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- TRYPPS — 3000 High View Dr #1514, Henderson, NV 89014
- Mobile Beverage Company — 6375 S Pecos Rd #113, Las Vegas, NV 89120
- Morning Happiness — 3900 Sunset Rd #2037, Las Vegas, NV 89120
- Worry Free Catering — 2920 N Green Valley Pkwy, Henderson, NV 89014
- Tasty Tees — 2001 Ramrod Ave Apt.2726, Henderson, NV 89014
Frequently Asked Questions
What type of property is this?
Flex space - Industrial Park-zoned flex property with separate office and warehouse components, substantial power capacity, and secured loading functionality.
Where is this flex space located?
The property is located at 3852 East Post Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,823,387.
What are key features of this property?
This property features: ±8,330 SF building on ±0.31 acres; ±2,036 SF HVAC first‑floor office and ±2,026 SF HVAC second‑floor office; ±4,268 SF evaporatively cooled warehouse
