5905 Decatur BlvdLas Vegas, NV 89118

Property Details for 5905 Decatur Blvd

Year built

2006

Construction

CONCRETE

Lot size

2.60 AC

Property size (Sq ft)

34,262 SF

Property type

Office buildings

APN

163-36-601-042

APU

16336601042

Description

This exceptional investment opportunity presents a fully occupied, two-building industrial portfolio totaling 76,400 square feet, situated on a 5.63-acre lot in Las Vegas, Nevada. The property, comprised of 12 units, boasts a desirable location with excellent visibility and easy access to major freeways (I-215 and I-15). Built between 2002 and 2006, the buildings feature 18-foot clear height ceilings, ample parking (4.5 spaces per 1,000 square feet), and attractive landscaping with new LED exterior lighting. Zoned for Industrial Park (IP) and Commercial General (CG) use, this versatile property offers a mix of creative office, flex, and traditional office spaces, catering to diverse business needs. The asking price is $23,750,000, representing a price per square foot of $311 and a 5.52% cap rate with a Net Operating Income (NOI) of $1,310,932. The property includes approximately 12 loading docks, glass storefront entries, and fire sprinklers. Specific power details require verification by the buyer. This is a high-image investment with strong potential for long-term growth and return. The property's address is 5905 & 6001 S. Decatur Blvd., Las Vegas, NV 89118. Parcel numbers are 163-36-601-040 & 163-36-601-042.

• CAP approach

  CAP return

  Valuation

  6%

  $7,443,264

  6.5%

  $6,870,704

  7%

  $6,379,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,864,392

  Geo Method

  $6,864,392

• Alternative Use

  Use

  Valuation

  Residential

  $8,519,674

  Hospitality

  $7,803,976

  Educational

  $6,492,816

  Medical

  $6,716,114

  Retail

  $10,099,936

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.082

Longitude

-115.209

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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