Listing Agency: SVN | The Equity Group Show Phone

Listed By: Pete Janemark · License ##S.76731 Show Phone

Source: Moodyscre

Added: Aug 20 Changed: Oct 8 Last Checked: Oct 19 at 5:30AM

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Investment Insights

Based on property information with market context.

This 3,600-square-foot flex property combines warehouse and office functionality within Venture Commerce Center. The warehouse area provides at least 16-foot clearance, HVAC cooling, and a 10-foot roll-up door for loading access.

Office improvements include a sizable ground-floor showroom, two restrooms, and an upper-level arrangement with an open work area plus two private offices. The property is on S Eastern Ave in Las Vegas, south of Harry Reid International Airport.

Key Highlights

• 3,600‑square‑foot flex space in Venture Commerce Center
• Warehouse area offers at least 16‑foot clearance
• HVAC‑cooled warehouse with a single 10‑foot roll‑up door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,404

Cap Rate

4.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,108,080 $1.1M

Cap Rate 7%

$791,486 $791.5K

Cap Rate 9%

$615,600 $615.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$86.4K $24.00/SF

− Vacancy

−$12.5K −$3.48/SF

EGI

$73.9K $20.52/SF

− OpEx

−$18.5K −$5.13/SF

NOI

$55.4K $15.39/SF

Area

Las Vegas, NV

Vacancy

14.50%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,108,080

Cap Rate 7%

$791,486

Cap Rate 9%

$615,600

Alternative Uses

Best Use

Office B

$791.5K

$692.6K – $923.4K (±1% cap)

NOI $55,404 @ 7.0% cap · market cap 4.28%

Second Best

Warehouse

$371.0K

$324.6K – $432.8K (±1% cap)

NOI $25,968 @ 7.0% cap · market cap 2.00%

Theoretical Best

Specialty Retail

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $87,077 @ 7.0% cap · market cap 6.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Jackpot Printing Marketing & Advertising BCT Inc Marketing & Advertising Versa Grafix Printing Service SGS North America ... Laboratory Epicurean Charitable Foundation Charitable Organization

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Butcher Daycare Center Restaurant Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft

Clear height

Location Intelligence

Trade Area within ½ mile

1,668

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 89119, NV

48,895

Population

24,756

Households

2

Avg Household Size

36

Median Age

20%

College-Educated

84%

High-School Grad

12.9 sq mi

ZIP Area

3,790

Density / Sq Mi

$46,472

Median Household Income

$32,590

Median Earnings

$1,184

Median Rent

$301,000

Median Home Value

Market

Vacancy Rate% for Office in Las Vegas, NV

13.3% 2019

13% 2020

11.7% 2021

13.3% 2022

13.8% 2023

14.1% 2024

13% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Combined warehouse and office layout with cooling, showroom space, and dedicated work areas.

Where is this flex space located?

The property is located at 6765 S Eastern Ave Las Vegas, NV.

What is the asking price?

The asking price for this property is $1,296,000.

What are key features of this property?

This property features: 3,600‑square‑foot flex space in Venture Commerce Center; Warehouse area offers at least 16‑foot clearance; HVAC‑cooled warehouse with a single 10‑foot roll‑up door