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    Renovated Flex Space with Drive-ins Title is generated by Realmo AI

    3316 S 66th Avenue Cir, Omaha, NE

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    Recently renovated flex space with high-end finishes and drive-in doors.

    Type:FLEX_R_AND_D
    Property size:
    8,000 SF
    Lot size:
    0.44 Acres
    Price / SF:
    $153/SF
    Added:
    Apr 24, 2025
    Days on Market:
    418
    Last Refresh:
    May 20 at 9:26 pm

    Property Features for 3316 S 66th Avenue Cir

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    0.44 Acres
    Property subtype
    FLEX_R_AND_D

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    Listing Contact
    Kevin Stratman, CCIM, SIOR

    Listing agent Kevin Stratman, CCIM, SIOR

    Listing office Investors Realty Inc

    Listing date Apr 24, 2025

    Source Moodyscre

    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

    HighLights

    • Multiple access points to I‑80
    • Recently renovated building with high‑end finishes
    • Features 3 (12' x 12') drive‑in doors
    • Building is easily converted to multi‑tenant
    • 6,000 SF of the roof was replaced in 2024

    Overview

    This is an 8,000 square foot flex space building that has been recently renovated with high-end finishes. The building features three 12' x 12' drive-in doors. The building can be easily converted to multi-tenant use. In 2024, 6,000 square feet of the roof was replaced. The property has multiple access points to I-80.

    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 $120.0k $15.00
    − Vacancy −$3.6k −$0.45
    EGI $116.4k $14.55
    − OpEx −$17.5k −$2.18
    NOI $98.9k $12.37
    8,000 SF · lease $15.00/SF/yr · vacancy 3.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.41M
    $1.24M – $1.65M (±1% cap)
    NOI $98,940 @ 7.0% cap · market cap 8.08%
    Second Best
    Flex RnD
    $1.19M
    $1.04M – $1.38M (±1% cap)
    NOI $82,992 @ 7.0% cap · market cap 6.77%
    Theoretical Best
    Office A
    $2.10M
    $1.84M – $2.46M (±1% cap)
    NOI $147,333 @ 7.0% cap · market cap 12.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Callaway Homes Construction Company C2 Building Company Construction Company Apple Vending Inc. Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lil Willy's Catering — 3614 S 61st Ave Cir, Omaha, NE 68106
    • Beacon Hills in Aksarben Village — 6750 Mercy Rd, Omaha, NE 68106

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0155
    Latitude
    41.2284

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    FAQs

    What type of property is this?
    Flex space - Recently renovated flex space with high-end finishes and drive-in doors.
    Where is this flex space located?
    The property is located at 3316 S 66th Avenue Cir Omaha, NE.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: Multiple access points to I‑80; **Recently renovated building with high‑end finishes**; Features 3 (12' x 12') drive‑in doors
    (402) 330-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin Stratman, CCIM, SIOR
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