New Construction 4-Plex with
For Sale
Contact for pricing
513 N 13th St, Las Vegas, NV 89101
New construction 4-plex with valley views and modern finishes.
Property Size4,080 SF
Price / SF$367.65
Days on Market1981
Property Features for 513 N 13th St
General Information
Standard status
Active
Size
4,080 SF
Class
A
Property subtype
Multifamily
Building Details
Year Built
2021
Stories
2
Units
1
Listing Agency:
Berkshire Hathaway HomeServices Nevada Properties Las Vegas
(702) 362-8700
Listed By:
Jeffrey Botsford · License #S.0192723
Source:
Crexi
Added: Mar 27, 2021
Changed: Aug 26
Last Checked: Aug 26 at 7:43PM
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 Berkshire Hathaway HomeServices Nevada Properties Las Vegas
Investment Insights
Based on property information with market context.
This new construction 4-plex features 10 FT ceilings, an open floor plan, a kitchen island, modern finishes, and full stainless steel appliances. This townhouse-style home includes dual masters and a large private patio with views of the Las Vegas valley. The property size is 4080 square feet. Construction is scheduled to begin in 2021. There will be two 4-plexes built on this site.
Key Highlights
- New construction 4‑plex built in 2021
- Dual master suites offer flexibility and comfort.
- Enjoy a large private patio with Las Vegas Valley views.
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
$46,961
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
3.13%
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%
$939,220
$939.2K
Cap Rate 7%
$670,871
$670.9K
Cap Rate 9%
$521,789
$521.8K
Market Conditions
NOI Build-Up for 4,080 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
$71.0K $17.40/SF
− Vacancy
−$3.9K −$0.96/SF
EGI
$67.1K $16.44/SF
− OpEx
−$20.1K −$4.93/SF
NOI
$47.0K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /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%
$939,220
Cap Rate 7%
$670,871
Cap Rate 9%
$521,789
Alternative Uses
Best Use
Multifamily LT 5
$670.9K
$587.0K – $782.7K
NOI $46,961 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$620.0K
$542.5K – $723.3K
NOI $43,397 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,687 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,435
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - New construction 4-plex with valley views and modern finishes.
Where is this quadplex located?
The property is located at 513 N 13th St Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: New construction 4‑plex built in 2021; Dual master suites offer flexibility and comfort.; Enjoy a large private patio with Las Vegas Valley views.
