Fremont Street Flex/Warehouse
1613 E Fremont St Las Vegas, NV 89101
1613 E Fremont St, Las Vegas, NV, 89101
Contact for pricing
For Sale
Contact for pricing
Two-story office with warehouse and storage building for sale.
Property Size5,600 SF
Lot Size0.29 Acres
Price / SF$249
Days on Market820
Property Features for 1613 E Fremont St
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 0.29 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1951
Listing Agency
Griffis Realty Investments
(702) 406-6867
Listed by
Joe Griffis · License #NV 0077170
Source
Crexi
Added: Apr 19, 2024 Checked: Jul 16 at 8:49 am
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 Griffis Realty Investments
Investment Insights
Based on property information with market context.
This commercial property features a two-story office building offering seven offices with approximately 2,500 square feet. Additionally, there is a warehouse providing approximately 3,200 square feet. A block storage building, measuring approximately 1,600 square feet, is located in the yard area but is not included in the total square footage or the sale price. The property, built in 1951, has 64 linear feet of frontage on Fremont Street and is situated on a 0.29-acre lot. It is zoned T4-C, which allows for various uses. The Assessor's Parcel Number (APN) is 139-35-301-004.
Key Highlights
- +/- 3,200 SF Warehouse
- T4‑C Zoning allows for many different uses
- Seven Offices totaling +/- 2,500 SF
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.4k | $24.00 |
| − Vacancy | −$19.5k | −$3.48 |
| EGI | $114.9k | $20.52 |
| − OpEx | −$28.7k | −$5.13 |
| NOI | $86.2k | $15.39 |
5,600 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,184 @ 7.0% cap · market cap 6.16%
Second Best
Warehouse
$577.1K
$504.9K – $673.3K
NOI $40,395 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$1.94M
$1.69M – $2.26M
NOI $135,453 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CCJ Enterprises Inc
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Goldbox Food Truck — 707 Fremont St, Las Vegas, NV 89101
- BarFly Bites — 100 S Maryland Pkwy, Las Vegas, NV 89101
- Mahana Dance Company Luau Dancers & Catering — 113 Rancho Vista Dr, Las Vegas, NV 89106
- Cinful Cocktails Private Bartending Service — Las Vegas, NV 89101
FAQs
What type of property is this?
Flex space - Two-story office with warehouse and storage building for sale.
Where is this flex space located?
The property is located at 1613 E Fremont St Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: +/- 3,200 SF Warehouse; T4‑C Zoning allows for many different uses; Seven Offices totaling +/- 2,500 SF
