Warehouse with Outside
For Sale
Contact for pricing
2015-2205 N 88th St, Omaha, NE 68134
Warehouse with floor drains and ample outside storage, located about one mile from I-80.
Property Size12,344 SF
Price / SF$202.53
Days on Market532
Property Features for 2015-2205 N 88th St
General Information
Standard status
Active
Size
12,344 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Listing Agency:
NAI NP Dodge
(402) 255-6060
Listed By:
John Meyer · License #20090339
(402) 677-9626
Source:
Moodyscre
Added: Mar 27, 2025
Changed: Aug 14
Last Checked: Jul 24 at 6:42AM
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 NAI NP Dodge
Investment Insights
Based on property information with market context.
This warehouse is built around practical industrial functionality, featuring floor drains and ample outside storage for goods, materials, or equipment staging. The property is positioned as a hard-to-find option and supports an owner-user setup.
Access is a key advantage, with the property located about one mile to I-80, allowing straightforward connectivity for regional distribution and local service routes.
The offering is for sale. The building encompasses 12,344 square feet, providing enclosed space alongside the exterior storage area.
Access is a key advantage, with the property located about one mile to I-80, allowing straightforward connectivity for regional distribution and local service routes.
The offering is for sale. The building encompasses 12,344 square feet, providing enclosed space alongside the exterior storage area.
Key Highlights
- Warehouse with floor drains
- Ample outside storage
- Located about one mile from I‑80
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
$152,664
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
6.11%
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%
$3,053,280
$3.1M
Cap Rate 7%
$2,180,914
$2.2M
Cap Rate 9%
$1,696,267
$1.7M
Market Conditions
NOI Build-Up for 12,344 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
$185.2K $15.00/SF
− Vacancy
−$5.6K −$0.45/SF
EGI
$179.6K $14.55/SF
− OpEx
−$26.9K −$2.18/SF
NOI
$152.7K $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 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%
$3,053,280
Cap Rate 7%
$2,180,914
Cap Rate 9%
$1,696,267
Alternative Uses
Best Use
Warehouse
$2.18M
$1.91M – $2.54M
NOI $152,664 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,335 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 68134, NE
28,996
Population
13,920
Households
2.1
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
3,536
Density / Sq Mi
$67,353
Median Household Income
$43,222
Median Earnings
$1,044
Median Rent
$204,000
Median Home Value
Market
Vacancy Rate% for Industrial in Omaha, NE
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- A Place to Store — 2222 N 84th St, Omaha, NE 68134
- Self-Storage — 9006 Maple St, Omaha, NE 68134
- Self-Storage at U-Haul — 8920 Maple St, Omaha, NE 68134
- Jo Storage — 8502 Maple St, Omaha, NE 68134
- Storage Cave — 3105 N 90th St, Omaha, NE 68134
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with floor drains and ample outside storage, located about one mile from I-80.
Where is this warehouse located?
The property is located at 2015-2205 N 88th St Omaha, NE.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Warehouse with floor drains; Ample outside storage; Located about one mile from I‑80
