Multi-Tenant Flex
11105-11173 Mill Valley Rd Omaha, NE 68154
For Sale
Contact for pricing
Pending
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 Market142
Property Features for 11105-11173 Mill Valley Rd
General Information
Standard status
Pending
Size
60,082 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Investors Realty Inc
(402) 778-7553
Listed By:
Ember Grummons, CCIM · License #0930580
Source:
Moodyscre
Added: Mar 9
Changed: Jul 25
Last Checked: Jul 28 at 1:40PM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $901.2k | $15.00 |
| − Vacancy | −$27.0k | −$0.45 |
| EGI | $874.2k | $14.55 |
| − OpEx | −$131.1k | −$2.18 |
| NOI | $743.1k | $12.37 |
60,082 SF · lease $15.00/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$10.62M
$9.29M – $12.38M
NOI $743,064 @ 7.0% cap · market cap 8.91%
Second Best
Flex RnD
$8.90M
$7.79M – $10.39M
NOI $623,291 @ 7.0% cap · market cap 7.47%
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.
Property Analytics
Location Intelligence
Current Use
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
