12,100 SQFT Industrial
For Sale
Contact for pricing
12012 Roberts Road, Papillion, NE 68128
Industrial building with retail visibility and office finish.
Property Size12,100 SF
Price / SF$197.93
Days on Market149
Property Features for 12012 Roberts Road
General Information
Standard status
Active
Size
12,100 SF
Class
B
Total Parking Spaces
14
Property subtype
Industrial
Zoning
LI
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2005
Buildings
1
Stories
2
Listing Agency:
NAI NP Dodge
(402) 679-0159
Listed By:
Bryan Hartmann · License #NE 20010011
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 8 at 3:17PM
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 industrial building offers an owner-occupier opportunity. The property features retail visibility and access, making it suitable for a variety of commercial uses. The building includes first and second floor office finish; the second floor square footage is not included in the total building square footage. It is equipped with five 11' x 14' overhead doors and two 10' x 14' overhead doors. Two of the doors are glass structure to provide interior lighting for flex warehouse space.
Key Highlights
- 12,100 sqft industrial building offers significant space.
- Retail visibility and access enhance business opportunities.
- First and second floor office finish provides dedicated administrative space.
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
$85,287
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
3.56%
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%
$1,705,740
$1.7M
Cap Rate 7%
$1,218,386
$1.2M
Cap Rate 9%
$947,633
$947.6K
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
$103.3K $8.54/SF
− Vacancy
−$3.0K −$0.25/SF
EGI
$100.3K $8.29/SF
− OpEx
−$15.1K −$1.24/SF
NOI
$85.3K $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%
$1,705,740
Cap Rate 7%
$1,218,386
Cap Rate 9%
$947,633
Alternative Uses
Best Use
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,287 @ 7.0% cap · market cap 3.56%
Second Best
Industrial
$1.00M
$878.0K – $1.17M
NOI $70,236 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,297 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Well-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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building with retail visibility and office finish.
Where is this flex space located?
The property is located at 12012 Roberts Road Papillion, NE.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 12,100 sqft industrial building offers significant space.; Retail visibility and access enhance business opportunities.; First and second floor office finish provides dedicated administrative space.
