Warehouse Office Flex Suite with
For Sale
Contact for pricing
6765 S EASTERN AVE, Las Vegas, NV 89119
HVAC-cooled warehouse with high clearance and a dedicated office layout, updated with new finishes throughout.
Property Size3,600 SF
Price / SF$360
Days on Market53
Property Features for 6765 S EASTERN AVE
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Building Details
Year Built
2007
Listing Agency:
SVN | The Equity Group
Listed By:
Pete Janemark · License #NV S.0076731
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 5 at 4:28AM
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.
Suite 7 offers warehouse space within Venture Commerce Center along Eastern Avenue, with an office component designed to support day-to-day operations. The warehouse portion features at least 16-foot clearance and is HVAC cooled, with a single 10-foot rollup door for straightforward loading and access. The office includes a large ground-floor showroom with two restrooms, plus a second-floor office area with an open work area and two offices.
Venture Commerce Center is located on Eastern Avenue just south of McCarren Airport, directly across the street from Sunset Park. The center serves a range of tenants, including Absolute Personal Home Care, Active Commercial, Allstate, Alliance Electric, Wolverine Fire Protection, and Garda World. Surrounding services such as eateries, banking, and medical and dental options are within walking distance.
This suite is well-suited for users who need both functional warehouse space and dedicated office support in the same tenancy. The updated interior finishes, including new paint, new vinyl flooring in the showroom area, and new carpet in the office area, help accommodate teams that want a move-in ready environment with flexible space for work, client-facing presentation, and back-office operations.
Venture Commerce Center is located on Eastern Avenue just south of McCarren Airport, directly across the street from Sunset Park. The center serves a range of tenants, including Absolute Personal Home Care, Active Commercial, Allstate, Alliance Electric, Wolverine Fire Protection, and Garda World. Surrounding services such as eateries, banking, and medical and dental options are within walking distance.
This suite is well-suited for users who need both functional warehouse space and dedicated office support in the same tenancy. The updated interior finishes, including new paint, new vinyl flooring in the showroom area, and new carpet in the office area, help accommodate teams that want a move-in ready environment with flexible space for work, client-facing presentation, and back-office operations.
Key Highlights
- Suite 7 at Venture Commerce Center on Eastern Avenue, just south of McCarren Airport
- Warehouse area offers at least 16‑ft clearance and is HVAC cooled
- Includes a single 10‑ft rollup door
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
$55,404
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
4.28%
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%
$1,108,080
$1.1M
Cap Rate 7%
$791,486
$791.5K
Cap Rate 9%
$615,600
$615.6K
Market Conditions
NOI Build-Up for 3,600 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
$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 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%
$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
NOI $55,404 @ 7.0% cap · market cap 4.28%
Second Best
Warehouse
$371.0K
$324.6K – $432.8K
NOI $25,968 @ 7.0% cap · market cap 2.00%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $87,077 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
Under-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
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Frequently Asked Questions
What type of property is this?
Flex space - HVAC-cooled warehouse with high clearance and a dedicated office layout, updated with new finishes throughout.
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: Suite 7 at Venture Commerce Center on Eastern Avenue, just south of McCarren Airport; Warehouse area offers at least 16‑ft clearance and is HVAC cooled; Includes a single 10‑ft rollup door
