Manufacturing Facility with USDA Processing
For Sale
$590,000
1000 Cunningham Road, Bellevue, NE 68005
Manufacturing facility with a dedicated USDA processing area, two drive-in doors, and multiple walk-in coolers and freezers.
Property Size7,260 SF
Price / SF$81.27
Days on Market41
Property Features for 1000 Cunningham Road
General Information
Standard status
Active
Size
7,260 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
14 ft
Office Build-Out
600 SF
Drive-In Doors
2
Cold Storage
Yes
Freezer
264 SF
Cooler
660 SF
Additional Details
Utilities to Site
Yes
Amenities
Blower heaters
Floor drain
Drive-in doors
Walk-in coolers
Walk-in freezer
Wells
Listing Agency:
CBRE - Omaha
Listed By:
Scott Schneiderman · License #19990230
(402) 290-2125
Source:
Cbre
Added: Jul 29
Changed: Sep 6
Last Checked: Sep 7 at 5:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Omaha
Investment Insights
Based on property information with market context.
Manufacturing facility with 6,060 SF of office space and a 714 SF USDA processing area (42’ x 17’). The processing area includes blower heaters and a floor drain, supported by a 14’ clear ceiling height.
Operational features include two drive-in doors (12’ x 14’). Refrigeration includes two walk-in coolers (15’ x 22’ each, totaling 330 SF each) and one walk-in freezer (11’ x 24’, 264 SF). The building is also served by three wells: two for the pods and one for the building.
Located at 1000 Cunningham Rd in Bellevue, NE 68005.
Operational features include two drive-in doors (12’ x 14’). Refrigeration includes two walk-in coolers (15’ x 22’ each, totaling 330 SF each) and one walk-in freezer (11’ x 24’, 264 SF). The building is also served by three wells: two for the pods and one for the building.
Located at 1000 Cunningham Rd in Bellevue, NE 68005.
Key Highlights
- 6,060 SF office space plus 714 SF USDA processing area (42’ x 17’)
- USDA processing includes blower heaters and a floor drain
- 14’ clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,172
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,023,440
$1.0M
Cap Rate 7%
$731,029
$731.0K
Cap Rate 9%
$568,578
$568.6K
Market Conditions
NOI Build-Up for 7,260 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.0K $8.54/SF
− Vacancy
−$1.8K −$0.25/SF
EGI
$60.2K $8.29/SF
− OpEx
−$9.0K −$1.24/SF
NOI
$51.2K $7.05/SF
Area
Sarpy County, NE
Vacancy
2.90%
Lease Rate
$8.54 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,023,440
Cap Rate 7%
$731,029
Cap Rate 9%
$568,578
Alternative Uses
Best Use
Warehouse
$731.0K
$639.7K – $852.9K
NOI $51,172 @ 7.0% cap · market cap 8.67%
Second Best
Industrial
$602.0K
$526.8K – $702.4K
NOI $42,142 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,378 @ 7.0% cap · market cap 23.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 68005, NE
23,236
Population
9,778
Households
2.4
Avg Household Size
37
Median Age
29%
College-Educated
92%
High-School Grad
18.7 sq mi
ZIP Area
1,243
Density / Sq Mi
$66,347
Median Household Income
$41,702
Median Earnings
$1,033
Median Rent
$193,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Manufacturing facility with a dedicated USDA processing area, two drive-in doors, and multiple walk-in coolers and freezers.
Where is this refrigerated & cold storage located?
The property is located at 1000 Cunningham Road Bellevue, NE.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 6,060 SF office space plus 714 SF USDA processing area (42’ x 17’); USDA processing includes blower heaters and a floor drain; 14’ clear ceiling height
