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    Functional Industrial Condo with Secured Yard Title is generated by Realmo AI

    5961 McLeod Drive, Las Vegas, NV 89120

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    5,000 SF industrial condo with office, warehouse, and secured yard.

    Type:Industrial
    Property size:
    5,000 SF
    Price / SF:
    $382/SF
    Added:
    May 19, 2026
    Days on Market:
    14
    Last Refresh:
    May 20 at 5:01 am

    Property Features for 5961 McLeod Drive

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Jason Startari
    Jason Startari

    Listing agent Jason Startari License #FA. 100092989 (CO)

    Listing office Transworld Commercial Real Estate

    Listing date May 19, 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 Transworld Commercial Real Estate

    HighLights

    • Strategic central location: immediate connectivity to I‑215 and I‑15, proximity to Harry Reid International Airport.
    • Functional layout: 5,000 sf total, including 1,000 sf office, 3,000 sf warehouse, and 1,000 sf mezzanine storage.
    • Efficient warehouse design: 21’ clear height, grade‑level loading (12’ x 14’ door), skylights, and evaporative cooling.
    • 4,000 sf secured yard: provides valuable outdoor storage and operational flexibility.
    • Robust power capacity: 400‑amp, 120/208v, 3‑phase panel.
    • Dedicated and common parking: includes parking within the secured yard.

    Overview

    This 5,000 SF industrial condo features a functional layout suitable for various commercial and light industrial uses. The space includes approximately 1,000 SF of office area, which contains a reception area, private offices, a break room, and restrooms. Additionally, there is 3,000 SF of warehouse space and 1,000 SF of mezzanine storage. The warehouse is designed for efficiency with a 21’ clear height, grade-level loading via a 12’ x 14’ door, skylights, and evaporative cooling. The property has a 400-amp, 120/208V, 3-phase power panel. A key feature is the 4,000 SF secured yard with controlled access, providing outdoor storage and operational flexibility. The property includes dedicated parking within the yard and additional common area parking. Situated within Runway Park in Las Vegas, the property benefits from a central location in one of the region’s active industrial corridors. The area offers connectivity to major transportation routes including I-215 and I-15, enabling access throughout the Las Vegas Valley. Its proximity to Harry Reid International Airport and key commercial hubs enhances logistics and business accessibility, while nearby retail and service amenities support daily operations. The surrounding submarket is well-established with a mix of industrial, office, and commercial users. It is well-suited for contractors, distribution users, or service-based businesses requiring both indoor and outdoor space.
    Location Intelligence

    Current Use by Public Records

    Expert Leak Detection ... Plumbing Service Advanced Pro Water ... Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Moms Catering and Event Planning — 6360 McLeod Dr, Las Vegas, NV 89120
    • Mobile Beverage Company — 6375 S Pecos Rd #113, Las Vegas, NV 89120
    • Emanuel's Kitchen — 6250 McLeod Dr suit 100, Las Vegas, NV 89120
    • Graze Craze Charcuterie Boards and Boxes Las Vegas — 6250 McLeod Dr #100-B, Las Vegas, NV 89120
    • The Cookie Bar — 2470 Chandler Ave Unit 10, Las Vegas, NV 89120

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.110973
    Latitude
    36.080701

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    FAQs

    What type of property is this?
    Flex space - 5,000 SF industrial condo with office, warehouse, and secured yard.
    Where is this flex space located?
    The property is located at 5961 McLeod Drive Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $1,910,000.
    What are key features of this property?
    This property features: Strategic central location: immediate connectivity to I‑215 and I‑15, proximity to Harry Reid International Airport.; Functional layout: 5,000 sf total, including 1,000 sf office, 3,000 sf warehouse, and 1,000 sf mezzanine storage.; Efficient warehouse design: 21’ clear height, grade‑level loading (12’ x 14’ door), skylights, and evaporative cooling.
    (720) 909-8557 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Startari
    Jason Startari
    Real Estate License ID: FA. 100092989 (CO)
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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