Renovated Warehouse with Office
For Sale
$5,862,640
4545 South 119th Circle, Omaha, NE 68137
40,432 SF warehouse with renovated office space for sale.
Property Size40,432 SF
Price / SF$145
Days on Market197
Property Features for 4545 South 119th Circle
General Information
Standard status
Active
Size
40,432 SF
Property subtype
Industrial
Listing Agency:
CBRE - Corporate
Listed By:
MICHAEL KAUFMAN
(402) 697-5823
Source:
Cbre
Added: Mar 25
Changed: Sep 23
Last Checked: Oct 7 at 10:00AM
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 CBRE - Corporate
Investment Insights
Based on property information with market context.
This 40,432 square foot commercial property features a 36,352 square foot warehouse and 4,080 square feet of office space. The office area has been newly renovated and includes 10 executive/administrative offices and a training/board room. The warehouse is equipped with radiant heat and substantial power capabilities. Warehouse racking systems are available. The property benefits from general industrial zoning, which allows for a wide variety of uses. Deferred maintenance has been addressed. This property presents a rare opportunity for an owner/user.
Key Highlights
- Rare owner/user opportunity
- $100,000 Discount if Buyer Closes Within 60 Days
- Newly renovated office and updated deferred maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$500,043
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,000,860
$10.0M
Cap Rate 7%
$7,143,471
$7.1M
Cap Rate 9%
$5,556,033
$5.6M
Market Conditions
NOI Build-Up for 40,432 SF
Gross rent
$606.5K $15.00/SF
− Vacancy
−$18.2K −$0.45/SF
EGI
$588.3K $14.55/SF
− OpEx
−$88.2K −$2.18/SF
NOI
$500.0K $12.37/SF
Area
Omaha, NE
Vacancy
3.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,000,860
Cap Rate 7%
$7,143,471
Cap Rate 9%
$5,556,033
Alternative Uses
Best Use
Office B
$7.90M
$6.91M – $9.21M
NOI $552,753 @ 7.0% cap · market cap 9.43%
Second Best
Warehouse
$7.14M
$6.25M – $8.33M
NOI $500,043 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$10.64M
$9.31M – $12.41M
NOI $744,622 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68137, NE
26,537
Population
10,834
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,159
Density / Sq Mi
$82,256
Median Household Income
$49,784
Median Earnings
$1,337
Median Rent
$232,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Omaha, NE
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Frequently Asked Questions
What type of property is this?
Warehouse - 40,432 SF warehouse with renovated office space for sale.
Where is this warehouse located?
The property is located at 4545 South 119th Circle Omaha, NE.
What is the asking price?
The asking price for this property is $5,862,640.
What are key features of this property?
This property features: Rare owner/user opportunity; $100,000 Discount if Buyer Closes Within 60 Days; Newly renovated office and updated deferred maintenance
