Climate-Controlled Industrial
For Sale
Contact for pricing
1112 Applewood Drive, Papillion, NE 68046
Well-maintained single-tenant industrial building offers fully climate-controlled warehouse space with up to 23’ clear height.
Property Size7,000 SF
Price / SF$200
Days on Market114
Property Features for 1112 Applewood Drive
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Industrial
Zoning
LI
Lease Type
NNN
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Colliers - Omaha, Nebraska
Listed By:
Tommy Culhane · License #20250232
(402) 345-5866
Source:
Crexi
Added: May 14
Changed: Sep 3
Last Checked: Sep 2 at 1:25PM
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, Nebraska
Investment Insights
Based on property information with market context.
Well-maintained single-tenant industrial building available for lease. The property includes a fully climate-controlled warehouse environment and offers warehouse clear height up to 23’. The building is a total of 7,000 SF.
The property is located near 72nd and Hwy 370 in Papillion, Nebraska, supporting convenient access for industrial operations.
This is a straightforward warehouse facility designed for tenants needing a controlled indoor climate and substantial vertical clearance for storage and distribution.
The property is located near 72nd and Hwy 370 in Papillion, Nebraska, supporting convenient access for industrial operations.
This is a straightforward warehouse facility designed for tenants needing a controlled indoor climate and substantial vertical clearance for storage and distribution.
Key Highlights
- 7,000 SF single‑tenant industrial building
- Fully climate‑controlled warehouse space
- Warehouse clear height up to 23’
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
$49,339
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
3.52%
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%
$986,780
$986.8K
Cap Rate 7%
$704,843
$704.8K
Cap Rate 9%
$548,211
$548.2K
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
$59.8K $8.54/SF
− Vacancy
−$1.7K −$0.25/SF
EGI
$58.0K $8.29/SF
− OpEx
−$8.7K −$1.24/SF
NOI
$49.3K $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%
$986,780
Cap Rate 7%
$704,843
Cap Rate 9%
$548,211
Alternative Uses
Best Use
Warehouse
$704.8K
$616.7K – $822.3K
NOI $49,339 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,494 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
386
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 Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained single-tenant industrial building offers fully climate-controlled warehouse space with up to 23’ clear height.
Where is this warehouse located?
The property is located at 1112 Applewood Drive Papillion, NE.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 7,000 SF single‑tenant industrial building; Fully climate‑controlled warehouse space; Warehouse clear height up to 23’
