Flex Space With Office
For Sale
Contact for pricing
12012 Roberts Road, Papillion, NE 68128
Industrial flex property with office finish on two levels and multiple overhead doors.
Property Size12,100 SF
Price / SF$197.93
Days on Market218
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
Building Size
12,100 SF
Listing Agency:
NAI NP Dodge
Listed By:
Bryan Hartmann · License #NE 20010011
(402) 679-0159
Source:
Crexi
Added: Mar 16
Changed: Oct 7
Last Checked: Oct 19 at 4:30AM
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
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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 / Yr
$170,875
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
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
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 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 7.13%
Second Best
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,287 @ 7.0% cap · market cap 3.56%
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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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 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‑square‑foot industrial building; First- and second‑floor office finish; second‑floor area excluded from building square footage; Five 11' x 14' overhead doors
