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    4500 S Wynn Rd Las Vegas, NV 89103
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    Property profile & analytics

    4500 S Wynn Rd Las Vegas, NV 89103

    View on Map
    • Warehouses
    • 41,000 SF
    • 5.12 lot acres
    For Lease
    $1.10 SF/Yr
    View Listing →
    Industrial Space Available for Lease For Lease
    $1.10 SF/Yr
    42,380 SF

    Industrial Space Available for Lease

    42,380 SF industrial property available for lease.

    4500 S Wynn Rd, Las Vegas, NV
    View Listing
    Property ID
    US62-1246226
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • American Decora / Interior Design / Auto Repair Shop
    • Kortek Corporation USA / Corporate Office
    • US Cabinets / Construction Company / General Contractor
    • GRAND CHINA MATERIALS WHOLESALER / General Contractor / Renovation Specialist
    • Custom Cabinetry / General Contractor / Renovation Specialist

    Property Details for 4500 S Wynn Rd

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.12 lot acres
    Property size
    41,000 SF
    Property type
    Warehouses
    APN
    162-19-710-002
    APU
    16219710002

    Description

    This single-story, 115,619-square-foot Class B warehouse in Las Vegas, Nevada, offers multiple tenancy options. Built in 1991 and renovated in 2021, the property features 24-foot ceilings, eight loading docks, six dock-high doors, and two drive-ins. The 5.12-acre lot boasts a 52 building FAR and is zoned M-1 Industrial Clark County (APN: 16219710002). Power is 277/480 V 3 Phase 4W. A minimum of 33,076 square feet is divisible, with a maximum contiguous space of 115,619 square feet. Currently, 33,076 square feet is vacant. The property enjoys a prime Southwest Las Vegas location, offering excellent access to major transportation arteries including I-15, Harry Reid International Airport, and the Las Vegas Strip. Taxes are $0.41 per square foot. The building has three suites. This location provides easy access to City Center and Interstate 15 via Tropicana or Flamingo Road. The property is situated at 4500 S Wynn Rd, Las Vegas, NV 89103, at the southeast corner of Wynn Road and Harmon Avenue. One suite offers approximately 42,380 square feet of office/warehouse space, including 1,765 square feet of modern office space and 11,500 square feet of secured yard area. Another suite offers approximately 26,761 square feet with 1,750 square feet of office space. The building is undergoing upgrades to include an ESFR sprinkler system. The building has a unique 80-foot column span.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.193
    Latitude
    36.1077
    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
    $51,085
    $843,042
    $1,103,398
    $1,946,440
    -
    $2,408,691
    $3,152,566
    $5,561,257

    Comparable in this City

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      3550 Harmon Ave

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      9,026 SF

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    • Value Estimation by Request
      0.39 Acres

      4230 Bertsos Dr

      WAREHOUSE, STORAGE • 0.39 Acres
      4230 Bertsos Dr, Las Vegas, NV 89103-3737
      View Details
    • Value Estimation
      $1,975,000
      19,240 SF

      3625 Harmon Ave

      WAREHOUSE, STORAGE • 19,240 SF
      3625 Harmon Ave, Las Vegas, NV 89103-4182
      View Details

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    • $275,000
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      Luxurious Studio Suite Near Strip

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      Industrial Space with Retail Frontage

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    • $0.89 SF/Yr
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      Industrial Storage Space Available

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      16,900 SF

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    Las Vegas, NV 89103
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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.

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