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Potential Owner USER with Income 3375 Aldebaran Ave 11,380 SF 77% Leased Flex Building Las Vegas, NV 89102 $3,400,000 ($298.77/SF) 6.32% Cap Rate



Executive Summary
Excellent owner-user opportunity in an A+ central Las Vegas location. The property allows a buyer to occupy approximately 4,300 square feet for its own business while collecting rental income from OUTFRONT Media, a strong national tenant.
OUTFRONT Media is one of the largest outdoor advertising companies in the United States, operating billboards, digital displays and transit advertising throughout major U.S. markets. The OUTFRONT Media space has a small, secured yard as well.
Property highlights include:
* Approximately 4,300 square feet available for an owner-user
* Existing rental income from national tenant OUTFRONT Media
* High-end office improvements with marble flooring
* Additional electrical capacity previously installed for a Bitcoin mining operation
* Extra HVAC units that may provide the ability to air-condition all or a portion of the warehouse
* Functional commercial warehouse space in a highly desirable infill location
* A+ location near the Las Vegas Strip, AREA15 and Chinatown
* Convenient access to I-15 and the greater Las Vegas Valley
* Opportunity to offset ownership and occupancy costs with in-place rental income
This is a rare opportunity to own a centrally located commercial warehouse with high-end improvements, enhanced power capacity and additional HVAC infrastructure while benefiting from income generated by an established national tenant.
OUTFRONT Media is one of the largest outdoor advertising companies in the United States, operating billboards, digital displays and transit advertising throughout major U.S. markets. The OUTFRONT Media space has a small, secured yard as well.
Property highlights include:
* Approximately 4,300 square feet available for an owner-user
* Existing rental income from national tenant OUTFRONT Media
* High-end office improvements with marble flooring
* Additional electrical capacity previously installed for a Bitcoin mining operation
* Extra HVAC units that may provide the ability to air-condition all or a portion of the warehouse
* Functional commercial warehouse space in a highly desirable infill location
* A+ location near the Las Vegas Strip, AREA15 and Chinatown
* Convenient access to I-15 and the greater Las Vegas Valley
* Opportunity to offset ownership and occupancy costs with in-place rental income
This is a rare opportunity to own a centrally located commercial warehouse with high-end improvements, enhanced power capacity and additional HVAC infrastructure while benefiting from income generated by an established national tenant.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$231,295
|
$20.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$231,295
|
$20.32
|
| Taxes |
$7,535
|
$0.66
|
| Operating Expenses |
$8,550
|
$0.75
|
| Total Expenses |
$16,085
|
$1.41
|
| Net Operating Income |
$215,210
|
$18.91
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $231,295 |
| Annual Per SF | $20.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $231,295 |
| Annual Per SF | $20.32 |
| Taxes | |
|---|---|
| Annual | $7,535 |
| Annual Per SF | $0.66 |
| Operating Expenses | |
|---|---|
| Annual | $8,550 |
| Annual Per SF | $0.75 |
| Total Expenses | |
|---|---|
| Annual | $16,085 |
| Annual Per SF | $1.41 |
| Net Operating Income | |
|---|---|
| Annual | $215,210 |
| Annual Per SF | $18.91 |
Property Facts
| Price | $3,400,000 | Rentable Building Area | 11,380 SF |
| Price Per SF | $298.77 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1987 |
| Cap Rate | 6.32% | Parking Ratio | 1.85/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 20’ |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.46 AC | ||
| Zoning | M-1, County - M-1 Light Manufacturing District, Industrial Office | ||
| Price | $3,400,000 |
| Price Per SF | $298.77 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.32% |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 0.46 AC |
| Rentable Building Area | 11,380 SF |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.85/1,000 SF |
| Clear Ceiling Height | 20’ |
| Opportunity Zone |
Yes |
| Zoning | M-1, County - M-1 Light Manufacturing District, Industrial Office |
Amenities
- Fenced Lot
- Signage
- Air Conditioning
Utilities
- Water
- Sewer
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Outfront Media Inc
- Services
- 7,038 SF
- -
- Modified Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Outfront Media Inc | Services | 7,038 SF | - | Modified Gross | - |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 162-17-110-018 | Total Assessment | $256,944 |
| Land Assessment | $90,904 | Annual Taxes | $7,535 ($0.66/SF) |
| Improvements Assessment | $166,040 | Tax Year | 2026 |
Property Taxes
Parcel Number
162-17-110-018
Land Assessment
$90,904
Improvements Assessment
$166,040
Total Assessment
$256,944
Annual Taxes
$7,535 ($0.66/SF)
Tax Year
2026
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Potential Owner USER with Income | 3375 Aldebaran Ave
