Single-Story Industrial
For Sale
Contact for pricing
751 West Lake Mead Parkway, Henderson, NV 89015
Dock-high and grade-level loading support flexible configurations for warehouse users.
Property Size94,674 SF
Lot Size4.93 Acres
Price / SF$275
Days on Market14
Property Features for 751 West Lake Mead Parkway
General Information
Standard status
Active
Size
94,674 SF
Lot size
4.93 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
28 ft
Warehouse Space
94,674 SF
Power
4,000 amps
Voltage
480 V
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Buildings
1
Stories
1
Building Size
94,674 SF
Listing Agency:
CBRE - Las Vegas
Listed By:
Alex Stanisic, SIOR · License #NV S.0179950
(702) 369-4874
Source:
Crexi
Added: Sep 2
Changed: Sep 13
Last Checked: Sep 15 at 4:42AM
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 - Las Vegas
Investment Insights
Based on property information with market context.
Located at 751 West Lake Mead Parkway in Henderson, Nevada, this single-story industrial warehouse contains 94,674 SF on 4.93 acres. The building can be divided into spaces ranging from 5,411 SF to 94,674 SF, providing multiple configuration options within the existing footprint.
Loading infrastructure includes both dock-high and grade-level doors. The facility is served by 4000 amps of 277/480v power, offers a 28' clear height, and is equipped with ESFR sprinklers. Parking is provided at a ratio of 1 space per 1,000 SF. The warehouse also has potential for 100% HVAC coverage.
Loading infrastructure includes both dock-high and grade-level doors. The facility is served by 4000 amps of 277/480v power, offers a 28' clear height, and is equipped with ESFR sprinklers. Parking is provided at a ratio of 1 space per 1,000 SF. The warehouse also has potential for 100% HVAC coverage.
Key Highlights
- 94,674 SF industrial warehouse on 4.93 acres
- Divisible from 5,411 SF to 94,674 SF
- Multiple dock‑high and grade‑level loading 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
$970,889
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
3.73%
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%
$19,417,780
$19.4M
Cap Rate 7%
$13,869,843
$13.9M
Cap Rate 9%
$10,787,656
$10.8M
Market Conditions
NOI Build-Up for 94,674 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
$1.25M $13.20/SF
− Vacancy
−$107.5K −$1.14/SF
EGI
$1.14M $12.06/SF
− OpEx
−$171.3K −$1.81/SF
NOI
$970.9K $10.26/SF
Area
ZIP 89015
Vacancy
8.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$19,417,780
Cap Rate 7%
$13,869,843
Cap Rate 9%
$10,787,656
Alternative Uses
Best Use
Warehouse
$13.87M
$12.14M – $16.18M
NOI $970,889 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$33.16M
$29.02M – $38.69M
NOI $2,321,539 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
28 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89015, NV
41,203
Population
16,812
Households
2.5
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
37.3 sq mi
ZIP Area
1,105
Density / Sq Mi
$71,300
Median Household Income
$41,509
Median Earnings
$1,324
Median Rent
$373,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Las Palmas Self Storage — 612 Las Palmas Entrada Ave, Henderson, NV 89012
- Store Your Stuff — 488 W Victory Rd, Henderson, NV 89015
- CubeSmart Self Storage — 408 W Lake Mead Pkwy, Henderson, NV 89015
Frequently Asked Questions
What type of property is this?
Warehouse - Dock-high and grade-level loading support flexible configurations for warehouse users.
Where is this warehouse located?
The property is located at 751 West Lake Mead Parkway Henderson, NV.
What is the asking price?
The asking price for this property is $26,035,350.
What are key features of this property?
This property features: 94,674 SF industrial warehouse on 4.93 acres; Divisible from 5,411 SF to 94,674 SF; Multiple dock‑high and grade‑level loading doors
