Flex Space With Grade-Level
For Sale
Contact for pricing
3862 E Post Road, Las Vegas, NV 89120
Industrial flex property with private offices, warehouse space, and three grade-level loading doors.
Property Size8,555 SF
Price / SF$292.23
Days on Market118
Property Features for 3862 E Post Road
General Information
Standard status
Active
Size
8,555 SF
Total Parking Spaces
12
Property subtype
Industrial
Zoning
Industrial Park (IP)
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Drive-In Doors
3
Conditioned Warehouse
Yes
Building Details
Year Built
1997
Construction
concrete tilt-up
Listing Agency:
North American Commercial
Listed By:
Anthony Battisti · License #S.0200033
Source:
Crexi
Added: May 8
Changed: Aug 30
Last Checked: Aug 30 at 2:37AM
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 North American Commercial
Investment Insights
Based on property information with market context.
This 8,555-square-foot flex property combines a warehouse area with multiple private offices. The warehouse is swamp cooled, and the building features three grade-level doors for loading and service access. Constructed in 1997, the facility uses concrete tilt-up construction and is designated Industrial Park (IP) zoning.
The property is positioned on E. Post Road in the Airport/Henderson submarket, east of the Airport connector and I-215. Its location provides access to the surrounding industrial area and the regional roadway network.
The property is positioned on E. Post Road in the Airport/Henderson submarket, east of the Airport connector and I-215. Its location provides access to the surrounding industrial area and the regional roadway network.
Key Highlights
- 8,555‑square‑foot industrial flex unit
- Three grade‑level doors
- Multiple private offices within the unit
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
$131,661
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
5.27%
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%
$2,633,220
$2.6M
Cap Rate 7%
$1,880,871
$1.9M
Cap Rate 9%
$1,462,900
$1.5M
Market Conditions
NOI Build-Up for 8,555 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
$205.3K $24.00/SF
− Vacancy
−$29.8K −$3.48/SF
EGI
$175.5K $20.52/SF
− OpEx
−$43.9K −$5.13/SF
NOI
$131.7K $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%
$2,633,220
Cap Rate 7%
$1,880,871
Cap Rate 9%
$1,462,900
Alternative Uses
Best Use
Office B
$1.88M
$1.65M – $2.19M
NOI $131,661 @ 7.0% cap · market cap 5.27%
Second Best
Warehouse
$881.6K
$771.4K – $1.03M
NOI $61,711 @ 7.0% cap · market cap 2.47%
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.45M
NOI $206,928 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property with private offices, warehouse space, and three grade-level loading doors.
Where is this flex space located?
The property is located at 3862 E Post Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: 8,555‑square‑foot industrial flex unit; Three grade‑level doors; Multiple private offices within the unit
