Live-Work Flex Industrial
For Sale
Contact for pricing
6405 S Tenaya Way, Las Vegas, NV 89113
Multi-story flex industrial condominium with warehouse clear heights, office space, and a residential loft with private entry amenities.
Property Size5,005 SF
Price / SF$439.96
Days on Market81
Property Features for 6405 S Tenaya Way
General Information
Standard status
Active
Size
5,005 SF
Property subtype
INDUSTRIAL
Zoning
MD
Warehouse & Industrial
Clear Height
26 ft
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Amenities
balcony
awnings
upscale landscaping
elevator
Building Details
Year Built
2009
Stories
2
Construction
loft style
Listing Agency:
SVN | The Equity Group
(702) 241-5802
Listed By:
Art Farmanali · License #S.0037529
(702) 241-5802
Source:
Moodyscre
Added: May 13
Changed: Jul 25
Last Checked: Aug 1 at 3:21AM
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 SVN | The Equity Group
Investment Insights
Based on property information with market context.
Loft Works at Tenaya presents a built-in-2009 flex industrial office warehouse condominium with approximately 5,005 SF of RBA. The property includes an office component totaling about 877 SF on the first floor, plus approximately 1,120 SF of second-story living space with a kitchenette and a bathroom with shower. A loft-style warehouse component provides approximately 3,008 SF with 24’ to 26’ clear height and LED lighting. Additional improvements include a balcony, awnings, and upscale landscaping, along with an ADA-compliant, fully functional elevator (interior dimensions of 80 x 52 inches). The property is supported by three-phase power (120/208 volts), a wet fire sprinkler system, and one grade-level motorized load door.
Located at 6405 S Tenaya Way in Las Vegas, NV 89113, this owner-user concept offers first- and second-floor flexibility for live and work use. The project provides ample parking, and the site is configured for direct access to the warehouse via the grade-level loading door.
Zoning is listed as MD in Clark County, Nevada, with Planned Use: Business Development. The building is ADA compliant and includes the listed life-safety and vertical circulation features necessary to support day-to-day operations across office, warehouse, and residential components.
Located at 6405 S Tenaya Way in Las Vegas, NV 89113, this owner-user concept offers first- and second-floor flexibility for live and work use. The project provides ample parking, and the site is configured for direct access to the warehouse via the grade-level loading door.
Zoning is listed as MD in Clark County, Nevada, with Planned Use: Business Development. The building is ADA compliant and includes the listed life-safety and vertical circulation features necessary to support day-to-day operations across office, warehouse, and residential components.
Key Highlights
- Loft Works at Tenaya flex industrial office warehouse condominium built in 2009
- ±5,005 SF RBA with approximately 3,008 SF warehouse component and 24’–26’ clear height
- Warehouse includes LED lighting and wet fire sprinkler system, plus one (1) grade level motorized load door
Financial Insights For Office B
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 | $120.1k | $24.00 |
| − Vacancy | −$17.4k | −$3.48 |
| EGI | $102.7k | $20.52 |
| − OpEx | −$25.7k | −$5.13 |
| NOI | $77.0k | $15.39 |
5,005 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$962.8K – $1.28M
NOI $77,027 @ 7.0% cap · market cap 3.50%
Second Best
Mixed Use
$1.08M
$944.5K – $1.26M
NOI $75,563 @ 7.0% cap · market cap 3.43%
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.02M
NOI $121,061 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
26 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89113, NV
35,829
Population
16,151
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$48,342
Median Earnings
$1,759
Median Rent
$463,900
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-story flex industrial condominium with warehouse clear heights, office space, and a residential loft with private entry amenities.
Where is this flex space located?
The property is located at 6405 S Tenaya Way Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,202,000.
What are key features of this property?
This property features: Loft Works at Tenaya flex industrial office warehouse condominium built in 2009; ±5,005 SF RBA with approximately 3,008 SF warehouse component and 24’–26’ clear height; Warehouse includes LED lighting and wet fire sprinkler system, plus one (1) grade level motorized load door
