Las Vegas Industrial Investment
For Sale
Contact for pricing
Pending
4522 N Lamb Blvd, Las Vegas, NV 89115
17,500 SF industrial building with stable, management-free income.
Property Size17,500 SF
Days on Market172
Property Features for 4522 N Lamb Blvd
General Information
Standard status
Pending
Size
17,500 SF
Property subtype
Industrial, Mixed Use
Occupancy
100%
Lease Type
Absolute Net
Building Details
Year Built
2021
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Refined Realty
Listed By:
Ruthann Horsley · License #NV B.1001735
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Jul 24 at 1:41PM
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.
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
$187,621
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
5.36%
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%
$3,752,420
$3.8M
Cap Rate 7%
$2,680,300
$2.7M
Cap Rate 9%
$2,084,678
$2.1M
Market Conditions
NOI Build-Up for 17,500 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
$241.5K $13.80/SF
− Vacancy
−$20.8K −$1.19/SF
EGI
$220.7K $12.61/SF
− OpEx
−$33.1K −$1.89/SF
NOI
$187.6K $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%
$3,752,420
Cap Rate 7%
$2,680,300
Cap Rate 9%
$2,084,678
Alternative Uses
Best Use
Warehouse
$2.68M
$2.35M – $3.13M
NOI $187,621 @ 7.0% cap · market cap 5.36%
Second Best
Retail
$2.40M
$2.10M – $2.80M
NOI $168,131 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$5.23M
$4.58M – $6.10M
NOI $366,240 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Balanced
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
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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 - 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.
