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    1003 Fort Crook Rd North Bellevue, NE 68005

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    For Lease
    $12 SF/Yr

    4,813 SF flex space with offices and warehouse.

    Property Features for 1003 Fort Crook Rd North

    General Information

    Standard status
    Active

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    Listing Contact
    Alec Folsom
    Source: Cbre

    Listing Agency: CBRE | Omaha Listing Agent: Alec Folsom

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Functional Warehouse Space with Offices

    This 4,813 square foot building, constructed in 1968, offers flex space with both office and warehouse components. The building's dimensions are 106 feet by 45.5 feet and it is situated on a 0.5-acre lot, which equates to 21,780 square feet. The property includes approximately 25 parking stalls. The building features concrete block construction and a roof that was replaced in 2022. The warehouse area has a ceiling height of 17 feet 6 inches, floor drains, and forced air heat. The office area, measuring 22 feet by 45.5 feet, is equipped with HVAC and includes two offices and a reception area. Office 1 measures 17 feet 6 inches by 12 feet 6 inches, while Office 2 measures 17 feet by 14 feet 6 inches. The reception area measures 16 feet by 21 feet. The property has 3-phase power with a 200 amp maximum. There are a total of seven 10-foot by 10-foot overhead doors. The property contains two restrooms, one in the office area and one in the warehouse. The zoning is Business General (BG). The property is located at the southeast corner of Fort Crook Road North and Camp Brewster Road, within the Southroads Technology Park. Nearby tenants include US Bank, TierPoint Data Center, Cornerstone Christian School, and Bob’s Fitness. Traffic counts near Fort Crook Road and Childs Road are 20,500 vehicles per day. Estimated NNNs for 2026 are $4.00 per square foot.
    Location Intelligence

    Current Use by Public Records

    Kar Buddies Auto Repair Shop TerraMota Auto Detail ... Car Wash

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.9268127
    Latitude
    41.1790954

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    FAQs

    What type of property is this?
    Flex space - 4,813 SF flex space with offices and warehouse.
    Where is this flex space located?
    The property is located at 1003 Fort Crook Rd North Bellevue, NE.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location at the corner of Fort Crook Road North and Camp Brewster Road with 20,500 vehicles per day.; - **Warehouse features 17'6" ceiling height, floor drains, and forced air heat.**; - **Seven 10' x 10' overhead doors for easy access and loading.**
    (402) 697-5855
    Request Owner's contact information
    1003 Fort Crook Rd North Bellevue, NE 68005
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    Bellevue, NE 68005
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1003 Fort Crook Rd North Bellevue, NE 68005
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