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    1001 Fort Crook Rd Bellevue, NE 68005

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    97,389 SF TierPoint Data Center; 6% Cap Rate

    Property size:
    97,389 SF

    Property Features for 1001 Fort Crook Rd

    General Information

    Property type
    Data centers and call centers
    Square Feet
    97,389 SF
    Lot Size
    864,666 SF

    Building Details

    Year Built/Renovated
    1965/2008
    Stories
    2
    Units
    1

    We can help!

    Listing Contact
    Graham Nabity
    Graham Nabity

    Listing Agency: CBRE Omaha Listing Agent: Graham Nabity

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Exceptional investment opportunity: a 97,389 square foot data center in Bellevue, Nebraska, currently leased to TierPoint. This single-tenant property boasts a strong 6% cap rate and a substantial net operating income (NOI) of $582,000. The lease, commencing December 31, 2005, extends to December 31, 2035, providing a remaining lease term of 11.1 years with built-in 3% annual rent increases. The property features approximately 21,000 square feet of raised floor space, along with cabinets, cages, and suites. Tenants also benefit from 10,000 square feet of business continuity seating workspace and a 300-seat recovery space. Security is paramount, with 24/7/365 electronic and on-site security personnel, two-factor authentication including biometric systems, and CCTV surveillance retaining footage for a minimum of 90 days. Power is ensured by four diesel generators totaling 5500 kW, providing a minimum 48-hour runtime and a 100% uptime SLA. Managed services include private cloud, disaster recovery, security, and colocation solutions, complemented by 24/7 remote hands technical support. This carrier-class, carrier-neutral facility offers multiple, diverse fiber access options and cloud on-ramps and fabrics. Situated on a 19.85-acre lot, the two-story building, constructed in 1965 and renovated in 2008, is zoned GB - General Business and offers 10 parking spaces per 1,000 square feet. The lease includes fifteen 1-year options, each with a continued 3% rent increase. The asking price is $9,700,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    TierPoint – Bellevue Data ... Data Center 402 Vinyl (Bike/Boat/Book/etc) Store John's Grecian Delight Restaurant Pay Pal Atm Frater Church Church

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.925806793785
    Latitude
    41.177149609874

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    FAQs

    What type of property is this?
    Data center and call center - 97,389 SF TierPoint Data Center; 6% Cap Rate
    Where is this data center and call center located?
    The property is located at 1001 Fort Crook Rd Bellevue, NE.
    What is the asking price?
    The asking price for this property is $9,700,000.
    What are key features of this property?
    This property features: $9,700,000 asking price for a 97,389 SF single-tenant office building (data center).; TierPoint is the tenant, with a lease expiring 12/31/2035 (11.1 years remaining).; 6.00% cap rate and $582,000 NOI.
    (402) 680-4651 Call to check price and availability
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    1001 Fort Crook Rd Bellevue, NE 68005
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    Bellevue, NE 68005
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 Fort Crook Rd Bellevue, NE 68005
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Graham Nabity
    Graham Nabity
    Real Estate License ID: 20170486
    (402) 680-4651
    Learn more
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