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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

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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.

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
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 -
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 34115543

  • Date on Market: 2024-12-06

  • Last Updated:

  • Address: 1519-1529 Industrial Rd, Las Vegas, NV 89102

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