Henderson Warehouse with I-95
For Sale
Contact for pricing
30 Conestoga Way, Henderson, NV 89002
107,135 SF warehouse with convenient access to major routes.
Property Size107,135 SF
Price / SF$228.88
Days on Market1521
Property Features for 30 Conestoga Way
General Information
Standard status
Active
Size
107,135 SF
Property subtype
Industrial
Zoning
Industrial Park (IP Zoning)
Building Details
Buildings
1
Listing Agency:
Colliers - Las Vegas, Nevada
(602) 499-1272
Listed By:
Morgan Elson · License #NV-S.0184877
Source:
Crexi
Added: Jun 25, 2022
Changed: Aug 23
Last Checked: Aug 22 at 9:14AM
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 Colliers - Las Vegas, Nevada
Investment Insights
Based on property information with market context.
Located in the Conestoga Commerce Center in Henderson, this property offers convenient access to Arizona and Southern California markets via the I-11/US 95 transportation corridor. Building 1 encompasses approximately 107,135 square feet and features build-to-suit office space. The warehouse area has a 32-foot clear height and is equipped with 18 dock-high loading doors (9’ x 10’) and 2 grade-level loading doors (12’ x 14’). Electrical capacity is approximately 3,000 amps, 277/480 volts, 3-phase, 4-wire. The warehouse is illuminated with LED lighting. The property includes 104 auto parking stalls and 9 trailer stalls. Zoned Industrial Park (IP), the property features a secure, gated truck court and visibility from I-95. It is located approximately 6.3 miles from I-215.
Key Highlights
- Excellent location along the I‑11/US 95 corridor providing great access to Arizona and Southern California markets.
- Large building size: ±107,135 SF.
- 32' clear height suitable for various industrial uses.
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
$1,404,437
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
5.73%
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%
$28,088,740
$28.1M
Cap Rate 7%
$20,063,386
$20.1M
Cap Rate 9%
$15,604,856
$15.6M
Market Conditions
NOI Build-Up for 107,135 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
$1.75M $16.32/SF
− Vacancy
−$96.2K −$0.90/SF
EGI
$1.65M $15.42/SF
− OpEx
−$247.8K −$2.31/SF
NOI
$1.40M $13.11/SF
Area
Henderson, NV
Vacancy
5.50%
Lease Rate
$16.32 /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%
$28,088,740
Cap Rate 7%
$20,063,386
Cap Rate 9%
$15,604,856
Alternative Uses
Best Use
Warehouse
$20.06M
$17.56M – $23.41M
NOI $1,404,437 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$16.52M
$14.46M – $19.28M
NOI $1,156,595 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$37.53M
$32.84M – $43.79M
NOI $2,627,100 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89002, NV
37,603
Population
13,703
Households
2.7
Avg Household Size
39
Median Age
27%
College-Educated
94%
High-School Grad
8.7 sq mi
ZIP Area
4,322
Density / Sq Mi
$98,725
Median Household Income
$49,842
Median Earnings
$1,844
Median Rent
$427,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Life Storage — 550 Conestoga Way, Henderson, NV 89002
Frequently Asked Questions
What type of property is this?
Warehouse - 107,135 SF warehouse with convenient access to major routes.
Where is this warehouse located?
The property is located at 30 Conestoga Way Henderson, NV.
What is the asking price?
The asking price for this property is $24,521,059.
What are key features of this property?
This property features: Excellent location along the I‑11/US 95 corridor providing great access to Arizona and Southern California markets.; Large building size: ±107,135 SF.; 32' clear height suitable for various industrial uses.
