Flex Space With Office
For Sale
Contact for pricing
12012 Roberts Rd, La Vista, NE 68128
Industrial flex property with office finish on two levels and multiple overhead doors.
Property Size12,100 SF
Price / SF$210.74
Days on Market79
Property Features for 12012 Roberts Rd
General Information
Standard status
Active
Size
12,100 SF
Property subtype
INDUSTRIAL
Building Details
Buildings
1
Stories
2
Building Size
12,100 SF
Listing Agency:
NAI NP Dodge
(402) 679-0159
Listed By:
Bryan Hartmann · License #20010011
(402) 679-0159
Source:
Moodyscre
Added: May 21
Changed: Jul 31
Last Checked: Aug 6 at 12:44PM
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 12,100-square-foot flex space is configured as an industrial building with first- and second-floor office finish. The second-floor office area is not included in the stated building square footage. The property includes seven overhead doors: five measuring 11' x 14' and two measuring 10' x 14'. Two doors feature glass construction to provide interior lighting for the flex warehouse space.
The building offers retail visibility and access in addition to its industrial functionality. Located at 12012 Roberts Rd in La Vista, Nebraska, the property provides a combination of warehouse capability, office finish, and exterior access suited to an owner-occupier.
The building offers retail visibility and access in addition to its industrial functionality. Located at 12012 Roberts Rd in La Vista, Nebraska, the property provides a combination of warehouse capability, office finish, and exterior access suited to an owner-occupier.
Key Highlights
- 12,100‑square‑foot industrial building
- First- and second‑floor office finish; second‑floor area excluded from building square footage
- Five 11' x 14' overhead doors
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
$170,875
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
6.70%
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%
$3,417,500
$3.4M
Cap Rate 7%
$2,441,071
$2.4M
Cap Rate 9%
$1,898,611
$1.9M
Market Conditions
NOI Build-Up for 12,100 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
$246.8K $20.40/SF
− Vacancy
−$19.0K −$1.57/SF
EGI
$227.8K $18.83/SF
− OpEx
−$57.0K −$4.71/SF
NOI
$170.9K $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%
$3,417,500
Cap Rate 7%
$2,441,071
Cap Rate 9%
$1,898,611
Alternative Uses
Best Use
Office B
$2.44M
$2.14M – $2.85M
NOI $170,875 @ 7.0% cap · market cap 6.70%
Second Best
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,287 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,297 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68128, NE
19,160
Population
8,136
Households
2.4
Avg Household Size
37
Median Age
38%
College-Educated
97%
High-School Grad
6.7 sq mi
ZIP Area
2,860
Density / Sq Mi
$81,870
Median Household Income
$47,850
Median Earnings
$1,255
Median Rent
$275,600
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 - Industrial flex property with office finish on two levels and multiple overhead doors.
Where is this flex space located?
The property is located at 12012 Roberts Rd La Vista, NE.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 12,100‑square‑foot industrial building; First- and second‑floor office finish; second‑floor area excluded from building square footage; Five 11' x 14' overhead doors
