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    3650 Cheyenne Ave North Las Vegas, NV 89032

    Sponsored
    For Sale
    $17,515,000

    56,500 SF, 6.25% Cap Rate, NNN Lease

    Property size:
    56,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple interest in a brand-new, 56,500-square-foot industrial building in North Las Vegas, Nevada. The property boasts a 100% occupancy rate with a strong, national corporate tenant under an 18-year NNN lease featuring built-in rent increases, minimizing landlord responsibilities and ensuring consistent cash flow. Built in 2024, this Class A facility features modern amenities and a strategic location at a signalized intersection of W. Cheyenne Ave. and Allen Lane, benefiting from high visibility and daily traffic counts exceeding 60,700 vehicles. Its proximity to the North Las Vegas airport, Interstate 15, and State Highway 95 provides excellent access and freeway connectivity. The property also enjoys a prime location near major retail centers, including Cheyenne Market Place and North Mesa Plaza, serving a robust demographic area with over 490,577 residents and nearly 186,173 daytime employees within a 5-mile radius. The 3.25-acre lot includes 64 parking spaces. The asking price is $17,515,000, representing a compelling 6.25% cap rate and a price per square foot of $310. The property is zoned as Planned Unit Development (PUD), and the APN is 139-08-417-001 & 139-08-417-016. This is a truly turnkey, low-management investment opportunity with significant long-term potential.

    Property Features for 3650 Cheyenne Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    56,500 SF
    Lot Size
    141,570 SF

    Building Details

    Year Built
    2024

    HighLights

    • $17,515,000 asking price for a 56,500 SF industrial distribution building.
    • Fee simple ownership with minimal landlord responsibilities; NNN lease.
    • High‑visibility corner location in North Las Vegas, NV, near the airport and major freeways.
    • Excellent retail proximity, including Cheyenne Market Place.
    • Strong demographics within a 5‑mile radius; 100% occupancy with a 6.25% cap rate and $1,094,700 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Reece Plumbing Plumbing Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1881594
    Latitude
    36.2176517

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    FAQs

    What type of property is this?
    Distribution property - 56,500 SF, 6.25% Cap Rate, NNN Lease
    Where is this distribution property located?
    The property is located at 3650 Cheyenne Ave North Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $17,515,000.
    What are key features of this property?
    This property features: $17,515,000 asking price for a 56,500 SF industrial distribution building.; Fee simple ownership with minimal landlord responsibilities; NNN lease.; High-visibility corner location in North Las Vegas, NV, near the airport and major freeways.
    Request Owner's contact information
    3650 Cheyenne Ave North Las Vegas, NV 89032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3650 Cheyenne Ave North Las Vegas, NV 89032
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