Industrial Flex Building with
6440 Polaris Ave Las Vegas, NV 89118
6440 Polaris Ave, Las Vegas, NV, 89118
Contact for pricing
For Sale
Contact for pricing
Industrial building features dedicated warehouse, office, and mezzanine office space with a tenant scheduled to vacate by September 30, 2026.
Property Size49,900 SF
Price / SF$350
Days on Market147
Property Features for 6440 Polaris Ave
General Information
- Standard status
- Active
- Size
- 49,900 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 2004
Listing agency
MDL Group
(702) 388-1800
Listed by
Jarrad Katz, SIOR, CCIM · License #B.0145888.LLC
Source
Crexi
Added: Feb 25 Updated: Jul 21 at 11:06PM Checked: Jul 21 at 11:06PM
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 MDL Group
Investment Insights
Based on property information with market context.
6440 Polaris Avenue is a 49,900 SF industrial building offering a flexible mix of warehouse and office space. The current configuration includes 16,842 SF of office, 31,060 SF of warehouse, and 1,998 SF of mezzanine office space. A proposed reconfiguration would expand warehouse area to 36,753 SF and adjust office space to 11,149 SF, while maintaining the 1,998 SF mezzanine office.
The property is located in the Southwest Las Vegas submarket and is positioned near W Sunset Road and S Valley View Boulevard, which provide connectivity to major transportation corridors. Surrounding industrial and commercial users support a convenient operating environment within the Las Vegas Valley.
The layout is designed to accommodate distribution, logistics, manufacturing, or service-based operations, with both ground-level office and mezzanine office included alongside warehouse space.
The property is located in the Southwest Las Vegas submarket and is positioned near W Sunset Road and S Valley View Boulevard, which provide connectivity to major transportation corridors. Surrounding industrial and commercial users support a convenient operating environment within the Las Vegas Valley.
The layout is designed to accommodate distribution, logistics, manufacturing, or service-based operations, with both ground-level office and mezzanine office included alongside warehouse space.
Key Highlights
- 49,900 SF industrial building built in 2004, available for sale or lease
- Current space mix: 16,842 SF office, 31,060 SF warehouse, and 1,998 SF mezzanine office
- Proposed reconfiguration: increases warehouse to 36,753 SF and adjusts office to 11,149 SF while keeping 1,998 SF mezzanine office
Local 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 | $1.20M | $24.00 |
| − Vacancy | −$173.7k | −$3.48 |
| EGI | $1.02M | $20.52 |
| − OpEx | −$256.0k | −$5.13 |
| NOI | $768.0k | $15.39 |
49,900 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$10.97M
$9.60M – $12.80M
NOI $767,961 @ 7.0% cap · market cap 4.40%
Second Best
Warehouse
$5.14M
$4.50M – $6.00M
NOI $359,951 @ 7.0% cap · market cap 2.06%
Theoretical Best
Specialty Retail
$17.24M
$15.09M – $20.12M
NOI $1,206,979 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aztec Door & Hardware
Hardware & Home Improvement
Austin General Contracting
General Contractor
Austin Millwork & Cabinetry
General Contractor
Valley Fabrication
General Contractor
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FAQs
What type of property is this?
Flex space - Industrial building features dedicated warehouse, office, and mezzanine office space with a tenant scheduled to vacate by September 30, 2026.
Where is this flex space located?
The property is located at 6440 Polaris Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $17,465,000.
What are key features of this property?
This property features: 49,900 SF industrial building built in 2004, available for sale or lease; Current space mix: 16,842 SF office, 31,060 SF warehouse, and 1,998 SF mezzanine office; Proposed reconfiguration: increases warehouse to 36,753 SF and adjusts office to 11,149 SF while keeping 1,998 SF mezzanine office
