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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2901 Highland Dr Las Vegas, NV 89109

    • Warehouses
    • 20,400 SF
    • 1.25 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0512586
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Doc's Performance, Dyno and Tuning / Auto Repair Shop / Auto Parts Store
    • iFocus Films TNS, LLC / Advertising Agency / Marketing & Advertising
    • CLARK Security Products / Big Box & Wholesale Store
    • Den Defenders Security Doors / Hardware & Home Improvement / Production Facility
    • Eros Environmental, LLC - Warehouse / Environmental Consultant

    Property Details for 2901 Highland Dr

    Year built
    1978
    Lot size
    1.25 lot acres
    Property size
    20,400 SF
    Property type
    Warehouses
    APN
    162-08-613-006
    APU
    16208613006

    Description

    This exceptional Las Vegas industrial property, located at 2901 S Highland Dr, 89109, offers a diverse range of warehouse and yard space options within the Highland Industrial Park. The park comprises 17 single-story buildings totaling 308,400 square feet, classified as Class B. Units range from a minimum divisible size of 3,080 square feet to a maximum contiguous space of 7,200 square feet, with 14,780 square feet currently vacant. Ceiling heights vary from 20 to 22 feet. The property features two loading docks and ample power (400-800 AMP, 1-3 phase). There are no elevators. The property benefits from excellent visibility and accessibility, with frontage on Highland Drive and convenient access from I-15 at Sahara and the D.I. Arterial. Additionally, up to 4,500 square feet of fully fenced yard space is available for lease. The property is zoned M and situated in the Las Vegas submarket of Clark County, Nevada. This is a multi-tenant property offering a variety of configurations to suit diverse business needs, from manufacturing and flex space to distribution and warehousing. The property's location provides easy access to major transportation arteries, making it an ideal location for businesses requiring efficient logistics.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.176
    Latitude
    36.1375
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,504
    $343,142
    $173,022
    $516,164
    -
    $980,406
    $494,349
    $1,474,755

    Comparable in this City

    • Value Estimation
      $1,255,000
      13,200 SF

      3020 Westwood Dr

      WAREHOUSE, STORAGE • 13,200 SF
      3020 Westwood Dr, Las Vegas, NV 89109-1022
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    • Value Estimation
      $1,010,000
      11,249 SF

      3155 Highland Dr

      WAREHOUSE, STORAGE • 11,249 SF
      3155 Highland Dr, Las Vegas, NV 89109
      View Details
    • Value Estimation
      $1,570,000
      20,400 SF

      2901 Highland Dr

      WAREHOUSE, STORAGE • 20,400 SF
      2901 Highland Dr, Las Vegas, NV 89109-1081
      View Details
    • Value Estimation
      $1,470,000
      20,400 SF

      2901 Highland Dr

      WAREHOUSE, STORAGE • 20,400 SF
      2901 Highland Dr, Las Vegas, NV 89109-1081
      View Details
    • Value Estimation
      $520,000
      7,416 SF

      2664 Highland Dr

      WAREHOUSE, STORAGE • 7,416 SF
      2664 Highland Dr, Las Vegas, NV 89109-1116
      View Details
    • Value Estimation
      $3,000,000
      39,270 SF

      3160 Highland Dr

      WAREHOUSE, STORAGE • 39,270 SF
      3160 Highland Dr, Las Vegas, NV 89109-1042
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      60,697 SF

      Las Vegas Warehouse Space Available

      60,697 SF warehouse space for lease in Las Vegas.
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      Las Vegas Industrial Sublease Opportunity

      Industrial space in Las Vegas with excellent connectivity and accessibility.
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      View Details
    • $4 SF/Yr
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      Highland Industrial Park Warehouses

      Las Vegas industrial space: flexible options available.
      2901 Highland Dr, Las Vegas, NV 89109
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    • Contact for pricing
      10,918 SF

      Industrial Space Near Las Vegas Strip

      Industrial space in multi-building project, convenient location, easy access.
      3000 S Highland Dr, Las Vegas, NV 89109
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      Sahara Towne Square Retail Spaces

      Las Vegas retail center; multiple spaces available.
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      Medical/Professional Office Space Available

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      View Details
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    Las Vegas, NV 89109
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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
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