Event Venue and Flex
For Sale
$1,300,000
30030 W Reichmuth Rd, Valley, NE 68064
Two onsite buildings include a 2020 banquet hall and a 2017 flex building on 4.83 acres with highway access.
Property Size12,500 SF
Lot Size4.83 Acres
Price / SF$104
Days on Market48
Property Features for 30030 W Reichmuth Rd
General Information
Standard status
Active
Size
12,500 SF
Lot size
4.83 Acres
Property subtype
Industrial
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
2017
Listing Agency:
Investors Realty Inc
(402) 778-7531
Listed By:
Brian Farrell · License #20051234
Source:
Investorsomaha
Added: Jun 25
Changed: Aug 7
Last Checked: Aug 11 at 6:17AM
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 Investors Realty Inc
Investment Insights
Based on property information with market context.
Two buildings are offered for sale at 30030 W Reichmuth Rd in Valley, NE: a 5,000 SF former banquet hall built in 2020 and a 7,500 SF flex building built in 2017. The property totals 4.83 acres, providing room for expansion and future development of additional buildings. The event venue is described as turnkey, with equipment and customer amenities included.
The offering notes high visibility and easy access from HWY 275. The buildings can be sold together or separately, depending on the buyer’s needs, with the flex building supporting flexible use plans alongside the event operations.
Existing building improvements and included equipment/amenities support continued event use, while the larger site footprint and second structure also allow for alternative commercial or industrial reuse options.
The offering notes high visibility and easy access from HWY 275. The buildings can be sold together or separately, depending on the buyer’s needs, with the flex building supporting flexible use plans alongside the event operations.
Existing building improvements and included equipment/amenities support continued event use, while the larger site footprint and second structure also allow for alternative commercial or industrial reuse options.
Key Highlights
- Two buildings for sale: 5,000 SF former banquet hall (built 2020) and 7,500 SF flex building (built 2017)
- Can be sold together for $2.9M or separately for $1.8M (banquet hall) and $1.1M (flex building)
- 4.83 AC total offers expansion possibility for additional buildings
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
$71,589
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
5.51%
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%
$1,431,780
$1.4M
Cap Rate 7%
$1,022,700
$1.0M
Cap Rate 9%
$795,433
$795.4K
Market Conditions
NOI Build-Up for 12,500 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
$105.0K $8.40/SF
− Vacancy
−$2.7K −$0.22/SF
EGI
$102.3K $8.18/SF
− OpEx
−$30.7K −$2.45/SF
NOI
$71.6K $5.73/SF
Area
Douglas County, NE
Vacancy
2.60%
Lease Rate
$8.40 /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%
$1,431,780
Cap Rate 7%
$1,022,700
Cap Rate 9%
$795,433
Alternative Uses
Best Use
Industrial
$1.02M
$894.9K – $1.19M
NOI $71,589 @ 7.0% cap · market cap 5.51%
Second Best
Flex RnD
$960.2K
$840.2K – $1.12M
NOI $67,217 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$3.17M
$2.78M – $3.70M
NOI $222,091 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68064, NE
3,872
Population
2,113
Households
1.8
Avg Household Size
46
Median Age
46%
College-Educated
98%
High-School Grad
51.0 sq mi
ZIP Area
76
Density / Sq Mi
$92,938
Median Household Income
$63,670
Median Earnings
$945
Median Rent
$476,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two onsite buildings include a 2020 banquet hall and a 2017 flex building on 4.83 acres with highway access.
Where is this flex space located?
The property is located at 30030 W Reichmuth Rd Valley, NE.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two buildings for sale: 5,000 SF former banquet hall (built 2020) and 7,500 SF flex building (built 2017); Can be sold together for $2.9M or separately for $1.8M (banquet hall) and $1.1M (flex building); 4.83 AC total offers expansion possibility for additional buildings
