Climate-Controlled Industrial Flex
1117 Applewood Dr Papillion, NE 68046
1117 Applewood Dr, Papillion, NE, 68046
Contact for pricing
For Sale
Contact for pricing
Brand-new, fully climate-controlled flex warehouse with clear-span design and six 14’x14’ drive-in doors.
Property Size11,970 SF
Price / SF$225
Days on Market139
Property Features for 1117 Applewood Dr
General Information
- Standard status
- Active
- Size
- 11,970 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2025
Listing agency
Cushman & Wakefield | The Lund Company
Listed by
Zach Sciscoe · License #NE 20190777
Source
Crexi
Added: Mar 5 Updated: Jul 21 at 12:51PM Checked: Jul 21 at 12:51PM
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 Cushman & Wakefield | The Lund Company
Investment Insights
Based on property information with market context.
This brand-new industrial flex building is fully climate-controlled and built with clear-span construction. The facility includes six 14’ x 14’ drive-in doors, fire sprinklers, and groundwork for plumbing, supporting a flexible range of light industrial and warehouse uses.
The property is located off 72nd and Hwy 370 in Papillion, Nebraska, providing convenient access to major roadways.
The current configuration is designed for efficient movement and operations, with drive-in door bays sized at 14’ x 14’ each and a clear-span layout that can support a variety of interior setups.
The property is located off 72nd and Hwy 370 in Papillion, Nebraska, providing convenient access to major roadways.
The current configuration is designed for efficient movement and operations, with drive-in door bays sized at 14’ x 14’ each and a clear-span layout that can support a variety of interior setups.
Key Highlights
- Brand‑new, fully climate‑controlled industrial flex building
- Clear‑span construction for flexible interior layout
- Six 1420 142" drive‑in doors
Local 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 | $102.2k | $8.54 |
| − Vacancy | −$3.0k | −$0.25 |
| EGI | $99.3k | $8.29 |
| − OpEx | −$14.9k | −$1.24 |
| NOI | $84.4k | $7.05 |
11,970 SF · lease $8.54/SF/yr · vacancy 2.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.21M
$1.05M – $1.41M
NOI $84,370 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$992.6K
$868.5K – $1.16M
NOI $69,482 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $224,855 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Brand-new, fully climate-controlled flex warehouse with clear-span design and six 14’x14’ drive-in doors.
Where is this flex space located?
The property is located at 1117 Applewood Dr Papillion, NE.
What is the asking price?
The asking price for this property is $2,693,250.
What are key features of this property?
This property features: Brand‑new, fully climate‑controlled industrial flex building; Clear‑span construction for flexible interior layout; Six 1420 142" drive‑in doors
