Drive-In Industrial
For Sale
$1,750,000
1145 S 10th Street, Blair, NE 68008
New industrial facility with four 14' x 14' drive-in doors, radiant heat, and 3-phase power for warehousing, manufacturing, or service uses.
Property Size7,608 SF
Price / SF$230.02
Days on Market83
Property Features for 1145 S 10th Street
General Information
Standard status
Active
Size
7,608 SF
Property subtype
Industrial
Warehouse & Industrial
Drive-In Doors
4
Heavy Power
Yes
Building Details
Building Size
7,608 SF
Year Built
2024
Listing Agency:
(520) 269-1317
Listed By:
Brian Thomas · License #NE #20210472
Source:
Nainpdodge
Added: Jun 2
Changed: Aug 9
Last Checked: Aug 22 at 3:38AM
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 Brian Thomas
Investment Insights
Based on property information with market context.
Newly built 7,608 SF industrial building designed for a practical day-to-day operating layout. The property includes radiant heat, trench drains, and 3-phase electrical power to support warehouse, manufacturing, or service operations. Access and throughput are centered around four 14' x 14' drive-in doors, helping streamline receiving and movement of goods. The large bay is configured with two offices and a break room, providing functional space for staff alongside the production or storage area.
The building is located in Blair, directly across the street from the largest Dollar General Distribution Center in America. The offering is part of a 15-year TIF project warehouse.
This property is well suited for buyers or operators seeking a modern industrial shell with loading flexibility, utility capacity, and site-ready features like radiant heat and trench drains. The combination of drive-in accessibility and dedicated office and break space can support businesses that need both production or storage volume and on-site operational coordination.
The building is located in Blair, directly across the street from the largest Dollar General Distribution Center in America. The offering is part of a 15-year TIF project warehouse.
This property is well suited for buyers or operators seeking a modern industrial shell with loading flexibility, utility capacity, and site-ready features like radiant heat and trench drains. The combination of drive-in accessibility and dedicated office and break space can support businesses that need both production or storage volume and on-site operational coordination.
Key Highlights
- Newly built 7,608 SF industrial building (Year Built: 2024)
- Four (4) 14' x 14' drive‑in doors for loading and operational flexibility
- Radiant heat throughout the warehouse for temperature control
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
$97,856
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
5.59%
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%
$1,957,120
$2.0M
Cap Rate 7%
$1,397,943
$1.4M
Cap Rate 9%
$1,087,289
$1.1M
Market Conditions
NOI Build-Up for 7,608 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
$118.7K $15.60/SF
− Vacancy
−$3.6K −$0.47/SF
EGI
$115.1K $15.13/SF
− OpEx
−$17.3K −$2.27/SF
NOI
$97.9K $12.86/SF
Area
Washington County, NE
Vacancy
3.00%
Lease Rate
$15.60 /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%
$1,957,120
Cap Rate 7%
$1,397,943
Cap Rate 9%
$1,087,289
Alternative Uses
Best Use
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,856 @ 7.0% cap · market cap 5.59%
Second Best
Industrial
$1.15M
$1.01M – $1.34M
NOI $80,587 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,908 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 68008, NE
12,597
Population
5,289
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
97%
High-School Grad
124.0 sq mi
ZIP Area
102
Density / Sq Mi
$86,905
Median Household Income
$54,588
Median Earnings
$933
Median Rent
$254,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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- Tims Warehouse — 1825 Park St, Blair, NE 68008
Frequently Asked Questions
What type of property is this?
Warehouse - New industrial facility with four 14' x 14' drive-in doors, radiant heat, and 3-phase power for warehousing, manufacturing, or service uses.
Where is this warehouse located?
The property is located at 1145 S 10th Street Blair, NE.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Newly built 7,608 SF industrial building (Year Built: 2024); Four (4) 14' x 14' drive‑in doors for loading and operational flexibility; Radiant heat throughout the warehouse for temperature control
