Low-Coverage Industrial Yard
For Sale
Contact for pricing
739 West Sunset Road, Henderson, NV 89011
Industrial site with fenced yard on a low-coverage parcel suited for contractors and equipment-intensive operations.
Property Size9,760 SF
Lot Size1.46 Acres
Price / SF$274.08
Days on Market56
Property Features for 739 West Sunset Road
General Information
Standard status
Active
Size
9,760 SF
Total Parking Spaces
18
Lot size
1.46 Acres
Property subtype
Industrial
Zoning
IG-RD (GENERAL INDUSTRIAL/R&D)
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
CBRE - Orange County
(702) 369-4828
Listed By:
Courtney Sweetin · License #0202528
Source:
Crexi
Added: Jun 18
Changed: Aug 10
Last Checked: Aug 10 at 10:40AM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
This offering is a low-coverage industrial yard site on a 1.46-acre parcel, designed to support practical outdoor storage and equipment use. The property includes a fenced lot that helps organize operations and provides added security for contractors, service providers, and other equipment users. With low building coverage, the site configuration supports workflows that require both an operating area and usable outdoor space.
The property is located in the greater Las Vegas area, where low-coverage industrial sites are described as remaining highly constrained. That scarcity, combined with the fenced yard functionality, helps distinguish the site for operators who need more flexible on-site space than typical high-coverage industrial parcels.
For tenants and buyers evaluating industrial space for service, contracting, or equipment-driven use, this yard-forward configuration can be especially helpful. The fenced lot supports day-to-day staging and storage, while the low-coverage nature of the property helps accommodate vehicles and outdoor operations within the parcel. The site’s focus on yard usability makes it a straightforward fit for users looking to run operations on a property built around equipment and practical outside work areas.
The property is located in the greater Las Vegas area, where low-coverage industrial sites are described as remaining highly constrained. That scarcity, combined with the fenced yard functionality, helps distinguish the site for operators who need more flexible on-site space than typical high-coverage industrial parcels.
For tenants and buyers evaluating industrial space for service, contracting, or equipment-driven use, this yard-forward configuration can be especially helpful. The fenced lot supports day-to-day staging and storage, while the low-coverage nature of the property helps accommodate vehicles and outdoor operations within the parcel. The site’s focus on yard usability makes it a straightforward fit for users looking to run operations on a property built around equipment and practical outside work areas.
Key Highlights
- 1.46‑acre industrial parcel with fenced yard for added usability
- Low‑coverage industrial site, noted as constrained in the greater Las Vegas area
- Year built: 1980
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
$83,176
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
3.11%
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%
$1,663,520
$1.7M
Cap Rate 7%
$1,188,229
$1.2M
Cap Rate 9%
$924,178
$924.2K
Market Conditions
NOI Build-Up for 9,760 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
$130.0K $13.32/SF
− Vacancy
−$11.2K −$1.15/SF
EGI
$118.8K $12.17/SF
− OpEx
−$35.6K −$3.65/SF
NOI
$83.2K $8.52/SF
Area
ZIP 89011
Vacancy
8.60%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
30.00%
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%
$1,663,520
Cap Rate 7%
$1,188,229
Cap Rate 9%
$924,178
Alternative Uses
Best Use
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,176 @ 7.0% cap · market cap 3.11%
Second Best
Flex RnD
$1.10M
$965.4K – $1.29M
NOI $77,235 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$3.61M
$3.16M – $4.22M
NOI $252,979 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89011, NV
34,456
Population
15,505
Households
2.2
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
16.5 sq mi
ZIP Area
2,088
Density / Sq Mi
$93,881
Median Household Income
$46,604
Median Earnings
$1,725
Median Rent
$458,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial site with fenced yard on a low-coverage parcel suited for contractors and equipment-intensive operations.
Where is this flex space located?
The property is located at 739 West Sunset Road Henderson, NV.
What is the asking price?
The asking price for this property is $2,675,000.
What are key features of this property?
This property features: 1.46‑acre industrial parcel with fenced yard for added usability; Low‑coverage industrial site, noted as constrained in the greater Las Vegas area; Year built: 1980
