Multi-Tenant Flex
For Sale
Contact for pricing
Pending
11105-11173 Mill Valley Rd, Omaha, NE 68154
Renovated in 2017, this multi-tenant flex building offers dock and drive doors and substantial roof and HVAC remaining life.
Property Size60,082 SF
Days on Market234
Property Features for 11105-11173 Mill Valley Rd
General Information
Standard status
Pending
Size
60,082 SF
Property subtype
FLEX_R_AND_D
Occupancy
100%
Site & Location
Neighborhood
One Omaha
Highway Access
Yes
Building Details
Year Renovated
2017
Tenancy
Multi
Listing Agency:
Investors Realty Inc
(402) 330-8000
Listed By:
Ember Grummons, CCIM · License #0930580
(402) 778-7553
Source:
Moodyscre
Added: Mar 9
Changed: Oct 25
Last Checked: Oct 28 at 7:56AM
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 Investors Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenant flex building was renovated in 2017 and is currently 100% leased. It features both dock and drive doors, with good remaining life on the roof and most HVAC units. Tenants have also made significant improvements within their respective spaces, supporting a maintained, functional layout for flex-oriented occupancy. The property also offers flexibility to swing between flex and office uses.
Located near West Dodge Road and the I-680 interchange, the building is positioned to serve day-to-day access needs for tenants and their customers. Ample on-site parking is available, with 6 stalls per 1,000 SF and room for expansion.
The weighted average lease term is 5.5 years.
Located near West Dodge Road and the I-680 interchange, the building is positioned to serve day-to-day access needs for tenants and their customers. Ample on-site parking is available, with 6 stalls per 1,000 SF and room for expansion.
The weighted average lease term is 5.5 years.
Key Highlights
- 100% leased multi‑tenant flex building with tenants in place
- Weighted average lease term of 5.5 years
- Renovated in 2017 and reported good remaining life on the roof and most HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$623,291
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,465,820
$12.5M
Cap Rate 7%
$8,904,157
$8.9M
Cap Rate 9%
$6,925,456
$6.9M
Market Conditions
NOI Build-Up for 60,082 SF
Gross rent
$1.01M $16.80/SF
− Vacancy
−$50.5K −$0.84/SF
EGI
$958.9K $15.96/SF
− OpEx
−$335.6K −$5.59/SF
NOI
$623.3K $10.37/SF
Area
Omaha, NE
Vacancy
5.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,465,820
Cap Rate 7%
$8,904,157
Cap Rate 9%
$6,925,456
Alternative Uses
Best Use
Flex RnD
$8.90M
$7.79M – $10.39M
NOI $623,291 @ 7.0% cap · market cap 7.47%
Second Best
Industrial
$8.74M
$7.65M – $10.20M
NOI $611,935 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$15.81M
$13.83M – $18.44M
NOI $1,106,509 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68154, NE
23,383
Population
10,846
Households
2.2
Avg Household Size
38
Median Age
51%
College-Educated
98%
High-School Grad
6.8 sq mi
ZIP Area
3,439
Density / Sq Mi
$82,509
Median Household Income
$50,653
Median Earnings
$1,185
Median Rent
$297,800
Median Home Value
Market
Vacancy Rate% for Industrial in Omaha, NE
Frequently Asked Questions
What type of property is this?
Flex space - Renovated in 2017, this multi-tenant flex building offers dock and drive doors and substantial roof and HVAC remaining life.
Where is this flex space located?
The property is located at 11105-11173 Mill Valley Rd Omaha, NE.
What is the asking price?
The asking price for this property is $8,340,000.
What are key features of this property?
This property features: 100% leased multi‑tenant flex building with tenants in place; Weighted average lease term of 5.5 years; Renovated in 2017 and reported good remaining life on the roof and most HVAC units
