Two-Story Flex
For Sale
Contact for pricing
90 Corporate Park Dr, Henderson, NV 89074
Office and warehouse components provide a versatile commercial configuration with loading, power, and mezzanine space.
Property Size4,920 SF
Price / SF$294.72
Days on Market132
Property Features for 90 Corporate Park Dr
General Information
Standard status
Active
Size
4,920 SF
Property subtype
Industrial
Zoning
IG - Henderson
Warehouse & Industrial
Clear Height
21 ft
Office Build-Out
3,402 SF
Drive-In Doors
1
Voltage
208 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Floor
1st and 2nd
Office Units
1
Building Details
Year Built
2007
Year Renovated
2017
Buildings
1
Stories
2
Listing Agency:
RealComm Advisors
Listed By:
Jen Levine · License #NV BS.0145723
Source:
Crexi
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 5:28PM
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 RealComm Advisors
Investment Insights
Based on property information with market context.
Located at 90 Corporate Park Dr, Suite 110 is a 4,920 SF flex suite combining office and warehouse areas. The office component totals 3,402 SF across two levels, with 2,224 SF on the first floor and 1,178 SF upstairs. Warehouse improvements include a mezzanine, skylights, metal halide lighting, and a 21-foot clear height.
The warehouse is supported by one 12' x 14' grade-level loading door and two 225 Amp panels providing 120/208 Volt, 3-Phase Power. The property was built in 2007 and carries IG - Henderson zoning, offering a defined industrial setting for office-warehouse operations.
The warehouse is supported by one 12' x 14' grade-level loading door and two 225 Amp panels providing 120/208 Volt, 3-Phase Power. The property was built in 2007 and carries IG - Henderson zoning, offering a defined industrial setting for office-warehouse operations.
Key Highlights
- 4,920 SF two‑story office/warehouse suite
- 3,402 SF of office space: 2,224 SF first floor and 1,178 SF second floor
- One 12' x 14' grade‑level loading door
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
$80,734
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
5.57%
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%
$1,614,680
$1.6M
Cap Rate 7%
$1,153,343
$1.2M
Cap Rate 9%
$897,044
$897.0K
Market Conditions
NOI Build-Up for 4,920 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
$130.5K $26.52/SF
− Vacancy
−$22.8K −$4.64/SF
EGI
$107.6K $21.88/SF
− OpEx
−$26.9K −$5.47/SF
NOI
$80.7K $16.41/SF
Area
ZIP 89074
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%
$1,614,680
Cap Rate 7%
$1,153,343
Cap Rate 9%
$897,044
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,734 @ 7.0% cap · market cap 5.57%
Second Best
Warehouse
$727.3K
$636.4K – $848.6K
NOI $50,914 @ 7.0% cap · market cap 3.51%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $119,005 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
1
Office units
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89074, NV
52,243
Population
22,310
Households
2.3
Avg Household Size
42
Median Age
37%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
5,741
Density / Sq Mi
$85,995
Median Household Income
$48,656
Median Earnings
$1,782
Median Rent
$436,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse components provide a versatile commercial configuration with loading, power, and mezzanine space.
Where is this flex space located?
The property is located at 90 Corporate Park Dr Henderson, NV.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 4,920 SF two‑story office/warehouse suite; 3,402 SF of office space: 2,224 SF first floor and 1,178 SF second floor; One 12' x 14' grade‑level loading door
