Freestanding Warehouse with Fenced
For Sale
Contact for pricing
4440 E Craig Rd, Las Vegas, NV 89115
Light industrial zoning, high-voltage power, and roll-up access support automotive and general industrial operations.
Property Size12,555 SF
Price / SF$286.74
Days on Market154
Property Features for 4440 E Craig Rd
General Information
Standard status
Active
Size
12,555 SF
Class
B
Property subtype
Industrial
Zoning
IL (Light Industrial)
Investment Type
Owner/User
Building Details
Year Built
2003
Buildings
1
Listing Agency:
Regency Realty Investments LLC
(725) 332-8111
Listed By:
Marcie Hansen · License #NV B.0145866 | CA 01824108
Source:
Crexi
Added: Apr 1
Changed: Aug 30
Last Checked: Aug 31 at 4:48AM
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 Regency Realty Investments LLC
Investment Insights
Based on property information with market context.
This freestanding industrial warehouse contains approximately 12,555 square feet on a roughly 0.93-acre parcel. Built in 2003 with concrete tilt-up construction, the building offers three roll-up doors, 20-foot ceilings, and 240 V / 3-phase electrical service. A large fenced yard extends the property's functional outdoor storage and operating area.
The property is located in the North Las Vegas submarket and offers access to major transportation routes. IL (Light Industrial) zoning supports automotive and general industrial uses identified in the property information. The facility is currently occupied by a retiring owner-user.
The property is located in the North Las Vegas submarket and offers access to major transportation routes. IL (Light Industrial) zoning supports automotive and general industrial uses identified in the property information. The facility is currently occupied by a retiring owner-user.
Key Highlights
- Approximately 12,555 SF freestanding industrial building
- Approximately 0.93 AC lot with large fenced yard
- Concrete tilt‑up construction completed in 2003
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
$134,605
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
3.74%
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%
$2,692,100
$2.7M
Cap Rate 7%
$1,922,929
$1.9M
Cap Rate 9%
$1,495,611
$1.5M
Market Conditions
NOI Build-Up for 12,555 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
$173.3K $13.80/SF
− Vacancy
−$14.9K −$1.19/SF
EGI
$158.4K $12.61/SF
− OpEx
−$23.8K −$1.89/SF
NOI
$134.6K $10.72/SF
Area
ZIP 89115
Vacancy
8.60%
Lease Rate
$13.80 /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%
$2,692,100
Cap Rate 7%
$1,922,929
Cap Rate 9%
$1,495,611
Alternative Uses
Best Use
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,605 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M
NOI $262,751 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
Median Home Value
Market
Vacancy Rate% for Industrial in Las Vegas, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Iron Mountain — 4105 N Lamb Blvd, Las Vegas, NV 89115
- Short Recovery — 4384 E Alexander Rd, Las Vegas, NV 89115
- Champion Movers — 4420 Andrews St # C, North Las Vegas, NV 89081
- U-Pack — 4501 N Lamb Blvd, Las Vegas, NV 89115
- Fast & EZ Self Storage — 4623 N Lamb Blvd, Las Vegas, NV 89115
Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial zoning, high-voltage power, and roll-up access support automotive and general industrial operations.
Where is this warehouse located?
The property is located at 4440 E Craig Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Approximately 12,555 SF freestanding industrial building; Approximately 0.93 AC lot with large fenced yard; Concrete tilt‑up construction completed in 2003
