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Las Vegas Industrial Investment Opportunity

4522 N Lamb Blvd Las Vegas, NV 89115

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17,500 SF industrial building with stable, management-free income.

Type:Industrial, Mixed Use
Property size:
17,500 SF
Price / SF:
$200/SF
Added:
Mar 10, 2026
Days on Market:
124
Last Refresh:
Jun 29 at 3:06 am

Property Features for 4522 N Lamb Blvd

General Information

Standard status
Active
Size
17,500 SF
Property subtype
Industrial, Mixed Use

Building Details

Year Built
2021

Listing office Refined Realty

Listing date Mar 10, 2026

Source Crexi

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 Refined Realty


Investment Insights

Based on property information with market context.

This 17,500 SF industrial building in Las Vegas is an investment opportunity featuring a long-standing tenant operating a collision repair facility. The property is leased to a growing multi-location operator within the auto body collision repair industry. Structured as an absolute NNN lease, the tenant is responsible for taxes, insurance, maintenance, and utilities. The current lease includes 3% annual rent increases. The tenant’s current rent is below market, providing approximately 20% upside to market rents at renewal. The property benefits from continued demand for well-located industrial space and strong fundamentals supporting long-term value. The lease structure is absolute NNN, providing stable in-place income with annual increases. The building is a highly functional industrial space with an established operating tenant.

Key Highlights

  • Absolute NNN lease provides stable, management‑free income.
  • Below‑market rent offers approximately 20% upside potential at renewal.
  • 3% annual rent increases ensure predictable income growth.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $241.5k $13.80
− Vacancy −$20.8k −$1.19
EGI $220.7k $12.61
− OpEx −$33.1k −$1.89
NOI $187.6k $10.72
17,500 SF · lease $13.80/SF/yr · vacancy 8.60% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$2.68M
$2.35M – $3.13M (±1% cap)
NOI $187,621 @ 7.0% cap · market cap 5.36%
Second Best
Retail
$2.40M
$2.10M – $2.80M (±1% cap)
NOI $168,131 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$5.23M
$4.58M – $6.10M (±1% cap)
NOI $366,240 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

North Las Vegas ... Auto Repair Shop

Suggested Use

Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Pharmacy Nail Salon Gym & Fitness Center Parking Lot & Garage Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Maximum RV Storage Lake Mead — 4440 E Lake Mead Blvd, Las Vegas, NV 89115
  • Ace Self Storage Las Vegas — 851 N Lamb Blvd, Las Vegas, NV 89110
  • RightSpace Self Storage — 1675 N Lamb Blvd, Las Vegas, NV 89115
  • Mead Self Storage — 1945 N Walnut Rd, Las Vegas, NV 89115
  • CubeSmart Self Storage — 4490 E Lake Mead Blvd, Las Vegas, NV 89115

FAQs

What type of property is this?
Warehouse - 17,500 SF industrial building with stable, management-free income.
Where is this warehouse located?
The property is located at 4522 N Lamb Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Absolute NNN lease provides stable, management‑free income.; Below‑market rent offers approximately 20% upside potential at renewal.; 3% annual rent increases ensure predictable income growth.
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