Flex Space with
For Sale
Contact for pricing
1112 Applewood Dr, Papillion, NE 68046
Well-maintained industrial property with showroom, office space, air-conditioned warehouse, and finished mezzanine loft.
Property Size7,000 SF
Price / SF$185
Days on Market150
Property Features for 1112 Applewood Dr
General Information
Standard status
Active
Size
7,000 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Listing Agency:
Colliers | Omaha
(402) 763-1727
Listed By:
Tommy Culhane · License #20210247
Source:
Moodyscre
Added: Mar 11
Changed: Jul 31
Last Checked: Aug 6 at 11:37AM
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 Colliers | Omaha
Investment Insights
Based on property information with market context.
This 7,000-square-foot flex space is a well-maintained industrial building in Cedardale Industrial Park. The property includes a finished mezzanine loft, small showroom and office area, and air-conditioned warehouse space. New LED lighting is installed throughout the building.
Located immediately north of Highway 370, the property offers access to I-80 and Hwy 75. Nearby amenities include Shadow Lake Towne Center, the Shoppe's at Market Pointe, and Settler's Creek. The building is located at 1112 Applewood Dr in Papillion, Nebraska.
Located immediately north of Highway 370, the property offers access to I-80 and Hwy 75. Nearby amenities include Shadow Lake Towne Center, the Shoppe's at Market Pointe, and Settler's Creek. The building is located at 1112 Applewood Dr in Papillion, Nebraska.
Key Highlights
- 7,000‑square‑foot flex space in Cedardale Industrial Park
- Finished mezzanine loft offering additional square footage
- Small showroom and office space
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
$98,853
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
7.63%
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%
$1,977,060
$2.0M
Cap Rate 7%
$1,412,186
$1.4M
Cap Rate 9%
$1,098,367
$1.1M
Market Conditions
NOI Build-Up for 7,000 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
$142.8K $20.40/SF
− Vacancy
−$11.0K −$1.57/SF
EGI
$131.8K $18.83/SF
− OpEx
−$33.0K −$4.71/SF
NOI
$98.9K $14.12/SF
Area
Sarpy County, NE
Vacancy
7.70%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,977,060
Cap Rate 7%
$1,412,186
Cap Rate 9%
$1,098,367
Alternative Uses
Best Use
Office B
$1.41M
$1.24M – $1.65M
NOI $98,853 @ 7.0% cap · market cap 7.63%
Second Best
Warehouse
$704.8K
$616.7K – $822.3K
NOI $49,339 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,494 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68046, NE
32,242
Population
12,849
Households
2.5
Avg Household Size
36
Median Age
50%
College-Educated
97%
High-School Grad
28.0 sq mi
ZIP Area
1,152
Density / Sq Mi
$113,708
Median Household Income
$57,767
Median Earnings
$1,252
Median Rent
$331,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained industrial property with showroom, office space, air-conditioned warehouse, and finished mezzanine loft.
Where is this flex space located?
The property is located at 1112 Applewood Dr Papillion, NE.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 7,000‑square‑foot flex space in Cedardale Industrial Park; Finished mezzanine loft offering additional square footage; Small showroom and office space
