Building Details

Building Size 21,300 SF

Listing Agency: CBRE - Omaha

Listed By: Scott Johnson · License #NE 20170661 Show Phone

Source: Crexi

Added: Sep 14 Changed: Sep 16 Last Checked: Sep 21 at 5:54AM

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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.

This NNN property comprises a 21,300 SF building on a 2.05-acre site containing 89,298 SF of land. The property is reported at 100% occupancy and is subject to an NNN lease structure.

Located at 10711 Chandler Road in La Vista, Nebraska, the asset offers a defined commercial investment profile with a 6.5% cap rate.

Key Highlights

• 21,300 SF building
• 2.05 AC site with 89,298 SF of land
• 100% occupancy

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

$150,133

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

4.11%

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%

$3,002,660 $3.0M

Cap Rate 7%

$2,144,757 $2.1M

Cap Rate 9%

$1,668,144 $1.7M

Market Conditions

NOI Build-Up for 21,300 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

$181.9K $8.54/SF

− Vacancy

−$5.3K −$0.25/SF

EGI

$176.6K $8.29/SF

− OpEx

−$26.5K −$1.24/SF

NOI

$150.1K $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%

$3,002,660

Cap Rate 7%

$2,144,757

Cap Rate 9%

$1,668,144

Alternative Uses

Best Use

Warehouse

$2.14M

$1.88M – $2.50M (±1% cap)

NOI $150,133 @ 7.0% cap · market cap 4.11%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.72M

$5.00M – $6.67M (±1% cap)

NOI $400,118 @ 7.0% cap · market cap 10.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

NNN properties

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Hair Salon Nail Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

239

Businesses Nearby

Explore this area Business Placement

Demographics for 68128, NE

19,160

Population

8,136

Households

2.4

Avg Household Size

37

Median Age

38%

College-Educated

97%

High-School Grad

6.7 sq mi

ZIP Area

2,860

Density / Sq Mi

$81,870

Median Household Income

$47,850

Median Earnings

$1,255

Median Rent

$275,600

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Fully occupied commercial property with an NNN lease structure.

Where is this nnn property located?

The property is located at 10711 Chandler Road La Vista, NE.

What is the asking price?

The asking price for this property is $3,650,000.

What are key features of this property?

This property features: 21,300 SF building; 2.05 AC site with 89,298 SF of land; 100% occupancy