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1519-1529 Industrial Rd 12,060 SF 100% Leased Industrial Building Las Vegas, NV 89102 $5,442,034 CAD ($451.25 CAD/SF) 4.27% Cap Rate



EXECUTIVE SUMMARY
Prime Investment Opportunity in Las Vegas' Hottest Emerging Area
This property is perfectly positioned in one of the most exciting and rapidly developing neighborhoods in Las Vegas. While many of the units are currently rented, each lease can be terminated with just 30 days' notice, offering immediate flexibility for a new owner.
Located at the gateway to Las Vegas' next hot spot, this property is surrounded by major developments that will enhance its value in the coming years. Just across the street, a distillery and bar are under construction, bringing vibrant nightlife to the area. To the north-east, two large-scale projects are already underway, with cranes in place and construction in full swing. Additionally, a 300+ unit mixed-use residential and hotel development has been approved for the adjacent block, setting the stage for a dynamic, live-work-play environment.
The property is situated in the Special Improvement District, which guarantees ongoing investment in infrastructure and public services. The formerly industrial area is seeing exciting growth, with Industrial Road now extended all the way to Charleston Blvd. Plus, you'll have quick access to the freeway, just two minutes away.
Recent upgrades to the sewer lines further enhance the site's potential, and with the rapid transformation of the surrounding area, this is an opportunity you won't want to miss. If you don’t act now, you may find yourself wishing you had in just five years.
This property is perfectly positioned in one of the most exciting and rapidly developing neighborhoods in Las Vegas. While many of the units are currently rented, each lease can be terminated with just 30 days' notice, offering immediate flexibility for a new owner.
Located at the gateway to Las Vegas' next hot spot, this property is surrounded by major developments that will enhance its value in the coming years. Just across the street, a distillery and bar are under construction, bringing vibrant nightlife to the area. To the north-east, two large-scale projects are already underway, with cranes in place and construction in full swing. Additionally, a 300+ unit mixed-use residential and hotel development has been approved for the adjacent block, setting the stage for a dynamic, live-work-play environment.
The property is situated in the Special Improvement District, which guarantees ongoing investment in infrastructure and public services. The formerly industrial area is seeing exciting growth, with Industrial Road now extended all the way to Charleston Blvd. Plus, you'll have quick access to the freeway, just two minutes away.
Recent upgrades to the sewer lines further enhance the site's potential, and with the rapid transformation of the surrounding area, this is an opportunity you won't want to miss. If you don’t act now, you may find yourself wishing you had in just five years.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$247,991
|
$20.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$247,991
|
$20.56
|
| Taxes |
$8,280
|
$0.69
|
| Operating Expenses |
$6,889
|
$0.57
|
| Total Expenses |
$15,169
|
$1.26
|
| Net Operating Income |
$232,823
|
$19.31
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $247,991 |
| Annual Per SF | $20.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $247,991 |
| Annual Per SF | $20.56 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,280 |
| Annual Per SF | $0.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,889 |
| Annual Per SF | $0.57 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $15,169 |
| Annual Per SF | $1.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $232,823 |
| Annual Per SF | $19.31 |
PROPERTY FACTS
| Price | $5,442,034 CAD | Lot Size | 0.51 AC |
| Price Per SF | $451.25 CAD | Rentable Building Area | 12,060 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 4.27% | Year Built | 1964 |
| Sale Condition | REO Sale | Parking Ratio | 1.24/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 17’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 6 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | M, Las Vegas - Although it is M1 the special improvemen district statu allows almost any use the city thinks will be a benefit to the area. | ||
| Price | $5,442,034 CAD |
| Price Per SF | $451.25 CAD |
| Sale Type | Investment |
| Cap Rate | 4.27% |
| Sale Condition | REO Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.51 AC |
| Rentable Building Area | 12,060 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 1.24/1,000 SF |
| Clear Ceiling Height | 17’ |
| No. Drive In / Grade-Level Doors | 6 |
| Opportunity Zone |
Yes |
| Zoning | M, Las Vegas - Although it is M1 the special improvemen district statu allows almost any use the city thinks will be a benefit to the area. |
AMENITIES
- Fenced Lot
- Signage
UTILITIES
- Lighting - Fluorescent
- Gas
- Water - City
- Sewer - City
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Shiba
- Arts, Entertainment, and Recreation
- 7,560 SF
- $2.73 CAD
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Shiba | Arts, Entertainment, and Recreation | 7,560 SF | $2.73 CAD | - |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 162-04-608-006 | Total Assessment | $457,161 CAD |
| Land Assessment | $285,121 CAD | Annual Taxes | $8,280 CAD ($0.69 CAD/SF) |
| Improvements Assessment | $172,039 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
162-04-608-006
Land Assessment
$285,121 CAD
Improvements Assessment
$172,039 CAD
Total Assessment
$457,161 CAD
Annual Taxes
$8,280 CAD ($0.69 CAD/SF)
Tax Year
2025
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1519-1529 Industrial Rd
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