Flex Warehouse with Outside
For Sale
Contact for pricing
1160 Lincoln St, Blair, NE 68008
Flex warehouse with outside storage, 2 drive-in doors, and 2,400 SF of finished office space plus below-grade finish.
Property Size6,000 SF
Price / SF$120.83
Days on Market114
Property Features for 1160 Lincoln St
General Information
Standard status
Active
Size
6,000 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Outdoor Storage
Yes
Listing Agency:
NAI NP Dodge
(402) 255-6060
Listed By:
John Meyer · License #20090339
(402) 677-9626
Source:
Moodyscre
Added: May 21
Changed: Aug 15
Last Checked: Sep 11 at 11:36AM
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 NAI NP Dodge
Investment Insights
Based on property information with market context.
This hard-to-find flex warehouse includes outside storage and a mix of warehouse and office finishes. The property features 2,400 SF of finished office space along with additional finished space below grade, supporting a practical live/work or owner-user setup. Utilities and power include 3-phase service, and the warehouse is served by 2 drive-in doors.
The property is located in Blair’s Central Business District. Its flex configuration and outside storage make it well suited for businesses needing both operational space and dedicated finished areas.
With finished office and below-grade finished space paired with warehouse functionality, the building offers a compact footprint for an owner-operator who wants to keep operational and administrative areas under one roof.
The property is located in Blair’s Central Business District. Its flex configuration and outside storage make it well suited for businesses needing both operational space and dedicated finished areas.
With finished office and below-grade finished space paired with warehouse functionality, the building offers a compact footprint for an owner-operator who wants to keep operational and administrative areas under one roof.
Key Highlights
- Hard‑to‑find flex warehouse with outside storage, ideal for an owner/user
- 2,400 SF of finished office space plus additional below‑grade finished space
- 3‑phase power
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
$63,554
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
8.77%
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%
$1,271,080
$1.3M
Cap Rate 7%
$907,914
$907.9K
Cap Rate 9%
$706,156
$706.2K
Market Conditions
NOI Build-Up for 6,000 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
$93.6K $15.60/SF
− Vacancy
−$2.8K −$0.47/SF
EGI
$90.8K $15.13/SF
− OpEx
−$27.2K −$4.54/SF
NOI
$63.6K $10.59/SF
Area
Washington County, NE
Vacancy
3.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,271,080
Cap Rate 7%
$907,914
Cap Rate 9%
$706,156
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.65M
NOI $99,186 @ 7.0% cap · market cap 13.68%
Second Best
Warehouse
$1.10M
$964.7K – $1.29M
NOI $77,173 @ 7.0% cap · market cap 10.64%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,337 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 68008, NE
12,597
Population
5,289
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
97%
High-School Grad
124.0 sq mi
ZIP Area
102
Density / Sq Mi
$86,905
Median Household Income
$54,588
Median Earnings
$933
Median Rent
$254,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse with outside storage, 2 drive-in doors, and 2,400 SF of finished office space plus below-grade finish.
Where is this flex space located?
The property is located at 1160 Lincoln St Blair, NE.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Hard‑to‑find flex warehouse with outside storage, ideal for an owner/user; 2,400 SF of finished office space plus additional below‑grade finished space; 3‑phase power
