Tech-Appeal Flex Building For
For Sale
Contact for pricing
5 Longevity Dr, Henderson, NV 89014
Freestanding industrial building converted into tech company office and training space.
Property Size8,751 SF
Price / SF$277.11
Days on Market1365
Property Features for 5 Longevity Dr
General Information
Standard status
Active
Size
8,751 SF
Class
B
Property subtype
Office
Zoning
IP
Investment Type
Owner/User
Building Details
Year Built
1982
Year Renovated
2015
Buildings
1
Stories
1
Listing Agency:
Simply Vegas Commercial
Listed By:
Ryan Misaresh, LEED AP · License #NV S.0174644.LLC
Source:
Crexi
Added: Jan 23, 2023
Changed: Oct 7
Last Checked: Oct 19 at 6:15AM
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 Simply Vegas Commercial
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Investment Insights
Based on property information with market context.
The property is a high-image, tech-appeal flex building located off the Sunset Road corridor, between Green Valley and Henderson. The freestanding industrial building has an area of approximately 8,712 square feet and has been converted into an office and training environment suitable for a tech company. The interior features full glass partitions throughout, including a floating conference room. The building is equipped with heavy power and Cox Fiber, and has full HVAC throughout. The property is located approximately 300 feet from the Ethel M Chocolate factory, which includes a retail café. It is also located approximately 10 minutes from the Las Vegas Strip and 5 minutes from shopping centers in Henderson.
Key Highlights
- Ideal office and training environment for a tech company.
- Freestanding industrial building with tech appeal.
- Full glass partitions throughout, including a floating conference room.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,597
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,871,940
$2.9M
Cap Rate 7%
$2,051,386
$2.1M
Cap Rate 9%
$1,595,522
$1.6M
Market Conditions
NOI Build-Up for 8,751 SF
Gross rent
$232.1K $26.52/SF
− Vacancy
−$40.6K −$4.64/SF
EGI
$191.5K $21.88/SF
− OpEx
−$47.9K −$5.47/SF
NOI
$143.6K $16.41/SF
Area
ZIP 89014
Vacancy
17.50%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,871,940
Cap Rate 7%
$2,051,386
Cap Rate 9%
$1,595,522
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,597 @ 7.0% cap · market cap 5.92%
Second Best
Industrial
$1.07M
$932.2K – $1.24M
NOI $74,577 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$3.07M
$2.68M – $3.58M
NOI $214,587 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 89014, NV
40,761
Population
18,062
Households
2.3
Avg Household Size
38
Median Age
29%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
5,363
Density / Sq Mi
$73,130
Median Household Income
$46,101
Median Earnings
$1,629
Median Rent
$415,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Freestanding industrial building converted into tech company office and training space.
Where is this office building located?
The property is located at 5 Longevity Dr Henderson, NV.
What is the asking price?
The asking price for this property is $2,425,000.
What are key features of this property?
This property features: Ideal office and training environment for a tech company.; Freestanding industrial building with tech appeal.; Full glass partitions throughout, including a floating conference room.**
