Property profile

5445 Reflex Dr Las Vegas, NV 89156

OFF-MARKET
Warehouses
Property ID
US62-0406481
1,200 SF 0.18 ac lot Built 1998
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,920 square foot flex space in Northeast Las Vegas is offered at $599,000. The property, built in 1998, features a two-story building on a 0.18-acre lot and is zoned IH (Industrial Heavy, per permitted zoning). The building includes 400 square feet of net rentable space and boasts a versatile layout combining office space ideal for administrative functions and meetings, a grade-level warehouse with a roll-up door suitable for storage or light manufacturing, and 1,440 square feet of covered yard storage. This single-unit property presents a unique opportunity for owner-users seeking a blend of office and warehouse functionality. Its strategic location provides easy access to major transportation routes. The property's current Business Employment (BE) zoning, coupled with Clark County's long-term Master Plan designating the parcel for Industrial Heavy (IE) use, offers significant potential for future development and expansion, making it an attractive investment for both current use and future growth. The property's APN is 140-16-310-033. This is a prime opportunity to acquire a versatile property in a rapidly growing Las Vegas submarket.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1998
Construction FRAME
Total area 1,200 SF
Lot 0.18 ac (7,841 SF)
APN 140-16-310-033
UPID US62-0406481

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor

Location

5445 Reflex Dr Las Vegas, NV 89156-4606
Las Vegas metro Census 6201 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2024
Last sale
$604,000
4 recorded transactions
2024
$604,000
2021
Price N/A
2010
Price N/A
1997
$148,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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