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    & I-15 Speedway Blvd Las Vegas, NV 89115

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    For Lease
    Contact for pricing

    North Las Vegas Office/Warehouse Space

    Lot size:
    333,160 SF

    Property Features for & I-15 Speedway Blvd

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    333,160 SF
    Total Rate
    22765.93

    Building Details

    Year Built
    1997

    Spaces For Lease

    at & I-15 Speedway Blvd, Las Vegas, NV 89115 Contact us
    Unit Suite D105

    $0.85 /Mo

    Size
    13,973 SF
    Contact us
    Unit Suite X116

    $12 /Mo

    Size
    2,533 SF
    Contact us
    Unit Suite V103

    $11 /Mo

    Size
    5,067 SF
    Contact us
    Unit Suite K106

    $10 /Mo

    Size
    7,592 SF
    Contact us
    Unit Suite E101

    $12 /Mo

    Size
    1,514 SF
    Contact us
    Unit Suite T103-104

    $0.82 /Mo

    Size
    27,033 SF
    Contact us
    Unit Suite Y113

    $12 /Mo

    Size
    2,533 SF
    Contact us
    Unit Suite V104

    $10 /Mo

    Size
    5,067 SF
    Contact us
    Unit Suite U101-102

    $0.82 /Mo

    Size
    23,675 SF
    Contact us
    Unit Suite B102

    $10 /Mo

    Size
    13,673 SF
    Contact us
    Unit Suite Z105

    $12 /Mo

    Size
    14,494 SF
    Contact us
    Unit Suite C104

    $10 /Mo

    Size
    13,673 SF
    Contact us
    Unit Suite Q102

    $11 /Mo

    Size
    5,067 SF
    Contact us
    Unit Suite O104

    $1.00 /Mo

    Size
    14,729 SF
    Contact us
    Unit Suite V102

    $11 /Mo

    Size
    5,067 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Danny Leanos

    Listing Agent: Danny Leanos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 333,160 square foot multi-tenant office and warehouse complex, built in 1997, offers a prime location in the North Las Vegas Speedway submarket. The property boasts convenient access to I-15 via Speedway Boulevard and the new Tropical Parkway Interchange, placing it within easy reach of Harry Reid International Airport and the Las Vegas Strip (under 20 minutes). Units range from 1,514 to 27,033 contiguous square feet, with a total of 174,749 square feet currently vacant. The building features a variety of amenities including 7 loading docks, 24 drive-in doors, and a parking ratio of 1.92 spaces per 1,000 square feet. The warehouse spaces benefit from evaporative cooling, 12' to 28' clear ceiling heights, and skylights, while the office areas are equipped with HVAC systems. The property is fully sprinklered and offers 120/208V & 277/480V 3-phase power, making it suitable for a wide range of industrial and office uses. On-site property management ensures efficient operations. The property is zoned M-1 (Clark County) and is situated within a ±1.4 million square foot industrial park adjacent to the Las Vegas Motor Speedway. This strategic location provides unparalleled access to major transportation arteries, including the I-15 and 215 beltway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Real Estate Agency Restaurant Gym & Fitness Center HVAC Service Garden Center Discount Store Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.0163457
    Latitude
    36.2773475

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    FAQs

    What type of property is this?
    Distribution center - North Las Vegas Office/Warehouse Space
    Where is this distribution center located?
    The property is located at & I-15 Speedway Blvd Las Vegas, NV.
    What is the lease rate?
    The lease rate is $0.82-$12 SF/Yr.
    What are key features of this property?
    This property features: On-site property management.; Loading docks and grade-level access.; HVAC in office; evaporative cooling in warehouse.
    (702) 810-0512 Call to check price and availability
    Request Owner's contact information
    & I-15 Speedway Blvd Las Vegas, NV 89115
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    & I-15 Speedway Blvd Las Vegas, NV 89115
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    Contact for Pricing
    Please call us for current price
    and status of this listing
    Danny Leanos
    Real Estate License ID: S.0191773
    (702) 810-0512
    Learn more
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