New Construction Flex Space
For Sale
Contact for pricing
12579 Giles Rd, La Vista, NE 68138
New construction flex space for lease or sale.
Property Size10,560 SF
Price / SF$92.33
Days on Market103
Property Features for 12579 Giles Rd
General Information
Standard status
Active
Size
10,560 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE | Omaha
(402) 697-5862
Listed By:
Brad Schaefer · License #20220856
(402) 697-5812
Source:
Moodyscre
Added: May 19
Changed: Aug 19
Last Checked: Aug 28 at 3:36PM
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 | Omaha
Investment Insights
Based on property information with market context.
This new construction flex space is available for lease or sale. The property features 12’x14’ drive doors, LED shop lighting, and floor drains. The ceiling height is 22’. Office build-out is negotiable. Dock doors can be added. The property size is 10560 square feet.
Key Highlights
- New construction property available
- Benefit from the expansive 22’ ceiling height
- Equipped with 12’x14’ drive doors
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
$61,297
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
6.29%
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%
$1,225,940
$1.2M
Cap Rate 7%
$875,671
$875.7K
Cap Rate 9%
$681,078
$681.1K
Market Conditions
NOI Build-Up for 10,560 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
$90.2K $8.54/SF
− Vacancy
−$2.6K −$0.25/SF
EGI
$87.6K $8.29/SF
− OpEx
−$26.3K −$2.49/SF
NOI
$61.3K $5.80/SF
Area
Sarpy County, NE
Vacancy
2.90%
Lease Rate
$8.54 /SF/Yr
Expense Ratio
30.00%
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%
$1,225,940
Cap Rate 7%
$875,671
Cap Rate 9%
$681,078
Alternative Uses
Best Use
Industrial
$875.7K
$766.2K – $1.02M
NOI $61,297 @ 7.0% cap · market cap 6.29%
Second Best
Flex RnD
$802.3K
$702.0K – $936.0K
NOI $56,159 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$2.83M
$2.48M – $3.31M
NOI $198,369 @ 7.0% cap · market cap 20.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68138, NE
12,327
Population
4,889
Households
2.5
Avg Household Size
35
Median Age
37%
College-Educated
97%
High-School Grad
11.1 sq mi
ZIP Area
1,111
Density / Sq Mi
$82,555
Median Household Income
$46,595
Median Earnings
$1,149
Median Rent
$222,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - New construction flex space for lease or sale.
Where is this flex space located?
The property is located at 12579 Giles Rd La Vista, NE.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: New construction property available; Benefit from the expansive 22’ ceiling height; Equipped with 12’x14’ drive doors
