Las Vegas Industrial
For Sale
Contact for pricing
4071 Silvestri Ln, Las Vegas, NV 89120
Industrial condo in the heart of Las Vegas, suitable for live/work.
Property Size11,166 SF
Price / SF$107.47
Days on Market156
Property Features for 4071 Silvestri Ln
General Information
Standard status
Active
Size
11,166 SF
Property subtype
Industrial
Zoning
M-D, County - Designed Manufacturing
Investment Type
Owner/User
Building Details
Year Built
2006
Stories
2
Units
1
Listing Agency:
Northcap Commercial
Listed By:
Derek Belanus · License #NV BS.143114.PC
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 11 at 12:34PM
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 Northcap Commercial
Investment Insights
Based on property information with market context.
This industrial condo, located in the heart of Las Vegas, offers a total property size of 11166 square feet. The property is suitable for live/work arrangements. It is classified as flex space, industrial property, live-work space, and office space. This commercial real estate is for sale.
Key Highlights
- Live/Work Condo
- Industrial Condo
- In the Heart of Las Vegas
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
$66,331
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
5.53%
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%
$1,326,620
$1.3M
Cap Rate 7%
$947,586
$947.6K
Cap Rate 9%
$737,011
$737.0K
Market Conditions
NOI Build-Up for 11,166 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
$107.2K $9.60/SF
− Vacancy
−$12.4K −$1.11/SF
EGI
$94.8K $8.49/SF
− OpEx
−$28.4K −$2.55/SF
NOI
$66.3K $5.94/SF
Area
Las Vegas, NV
Vacancy
11.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,326,620
Cap Rate 7%
$947,586
Cap Rate 9%
$737,011
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,845 @ 7.0% cap · market cap 14.32%
Second Best
Mixed Use
$2.41M
$2.11M – $2.81M
NOI $168,579 @ 7.0% cap · market cap 14.05%
Theoretical Best
Specialty Retail
$3.86M
$3.38M – $4.50M
NOI $270,083 @ 7.0% cap · market cap 22.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,548
Businesses Nearby
Balanced
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo in the heart of Las Vegas, suitable for live/work.
Where is this flex space located?
The property is located at 4071 Silvestri Ln Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Live/Work Condo; Industrial Condo; In the Heart of Las Vegas
