Warehouse Property with Monument
New
For Sale
$3,700,000
11016-11030 Q St, Omaha, NE 68137
Industrial warehouse space with overhead doors, highway connectivity, and signage along Q Street.
Property Size26,000 SF
Days on Market5
Property Features for 11016-11030 Q St
General Information
Standard status
Active
Size
26,000 SF
Property subtype
Industrial
Occupancy
83%
Additional Details
Highway Access
Yes
Building Details
Building Size
26,000 SF
Year Built
1991
Listing Agency:
OMNE Partners
(402) 239-8762
Listed By:
Alicia Miller · License #20160893
Source:
Omnepartners
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 23 at 4:22AM
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 OMNE Partners
Investment Insights
Based on property information with market context.
This warehouse property was constructed in 1991 and is currently 83% occupied. The improvements include overhead doors and on-site parking, with monument and pylon signage positioned along Q Street.
Access extends to I-80 and I-680, connecting the property with the Omaha metro area. The site is also served by bus route 89, adding public transportation access to the property’s commercial setting.
Access extends to I-80 and I-680, connecting the property with the Omaha metro area. The site is also served by bus route 89, adding public transportation access to the property’s commercial setting.
Key Highlights
- 83% occupied warehouse property
- Constructed in 1991
- Monument and pylon signage along Q Street
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
$321,555
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
8.69%
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%
$6,431,100
$6.4M
Cap Rate 7%
$4,593,643
$4.6M
Cap Rate 9%
$3,572,833
$3.6M
Market Conditions
NOI Build-Up for 26,000 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
$390.0K $15.00/SF
− Vacancy
−$11.7K −$0.45/SF
EGI
$378.3K $14.55/SF
− OpEx
−$56.7K −$2.18/SF
NOI
$321.6K $12.37/SF
Area
Omaha, NE
Vacancy
3.00%
Lease Rate
$15.00 /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%
$6,431,100
Cap Rate 7%
$4,593,643
Cap Rate 9%
$3,572,833
Alternative Uses
Best Use
Warehouse
$4.59M
$4.02M – $5.36M
NOI $321,555 @ 7.0% cap · market cap 8.69%
Second Best
Industrial
$3.78M
$3.31M – $4.41M
NOI $264,810 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$6.84M
$5.99M – $7.98M
NOI $478,833 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
83%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68137, NE
26,537
Population
10,834
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,159
Density / Sq Mi
$82,256
Median Household Income
$49,784
Median Earnings
$1,337
Median Rent
$232,800
Median Home Value
Market
Vacancy Rate% for Industrial in Omaha, NE
Questions? Ask Rey
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Similar Off Market Nearby
- Milt's Mini Storage® — 11425 P St, Omaha, NE 68137
- Contain-It Self Storage — 5055 S 111th St, Omaha, NE 68137
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse space with overhead doors, highway connectivity, and signage along Q Street.
Where is this warehouse located?
The property is located at 11016-11030 Q St Omaha, NE.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 83% occupied warehouse property; Constructed in 1991; Monument and pylon signage along Q Street
