Henderson Warehouse with Office
For Sale
Contact for pricing
7490 Commercial Way, Henderson, NV 89011
27,748 SF warehouse with office in Henderson, Nevada.
Property Size24,748 SF
Lot Size1.47 Acres
Price / SF$323.26
Days on Market168
Property Features for 7490 Commercial Way
General Information
Standard status
Active
Size
24,748 SF
Class
B
Total Parking Spaces
51
Lot size
1.47 Acres
Property subtype
Industrial
Zoning
IG, Henderson - General Industrial
Investment Type
Owner/User
Building Details
Year Built
2001
Buildings
1
Stories
2
Units
1
Listing Agency:
Northcap Commercial
Listed By:
Derek Belanus · License #NV BS.143114.PC
Source:
Crexi
Added: Mar 9
Changed: Aug 21
Last Checked: Aug 22 at 8:05AM
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 Northcap Commercial
Investment Insights
Based on property information with market context.
The property at 7490 Commercial Way is a freestanding building with a total area of approximately 27,748 square feet, situated on approximately 1.47 acres. The building includes approximately 3,300 square feet of office space and approximately 24,448 square feet of warehouse space. The warehouse is equipped with two dock-high loading doors, one of which has a pit leveler, and two grade doors. The property has approximately 51 parking stalls and a fenced and secured dock area. It features a clear height of approximately 24 feet and electric grade doors. The property is zoned IG and has approximately 400 Amps, 277/480V, 3-phase power. Located in the Henderson submarket.
Key Highlights
- ±27,748 SF freestanding building on ±1.47 Acres
- Boasts ±24,448 SF warehouse space with an impressive ±24' clear height**
- Features two dock high loading doors (with one pit leveler) and two grade doors
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
$406,096
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
5.08%
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%
$8,121,920
$8.1M
Cap Rate 7%
$5,801,371
$5.8M
Cap Rate 9%
$4,512,178
$4.5M
Market Conditions
NOI Build-Up for 24,748 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
$656.3K $26.52/SF
− Vacancy
−$114.9K −$4.64/SF
EGI
$541.5K $21.88/SF
− OpEx
−$135.4K −$5.47/SF
NOI
$406.1K $16.41/SF
Area
ZIP 89011
Vacancy
17.50%
Lease Rate
$26.52 /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%
$8,121,920
Cap Rate 7%
$5,801,371
Cap Rate 9%
$4,512,178
Alternative Uses
Best Use
Office B
$5.80M
$5.08M – $6.77M
NOI $406,096 @ 7.0% cap · market cap 5.08%
Second Best
Warehouse
$3.66M
$3.20M – $4.27M
NOI $256,100 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$9.16M
$8.02M – $10.69M
NOI $641,468 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Well-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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Access - Scanning, Records Storage, and Document Management — 7380 Eastgate Rd #130, Henderson, NV 89011
- Zippy Shell — 882 American Pacific Dr suite c, Henderson, NV 89014
- Near-by Storage Units - Henderson, NV — 510 marks st, henderson, nv 89014
- Near-by Self Storage Units - Henderson, NV — 510 marks st, henderson, nv 89014
- Near-by Self Storage Units — 510 marks st, henderson, nv 89014
Frequently Asked Questions
What type of property is this?
Warehouse - 27,748 SF warehouse with office in Henderson, Nevada.
Where is this warehouse located?
The property is located at 7490 Commercial Way Henderson, NV.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: ±27,748 SF freestanding building on ±1.47 Acres; Boasts ±24,448 SF warehouse space with an impressive ±24' clear height**; Features two dock high loading doors (with one pit leveler) and two grade doors
