Flex Industrial Building with
For Sale
Contact for pricing
13211 Chandler Rd, Omaha, NE 68138
Flex building includes a showroom with separate entrance, 4 overhead doors plus a dock high door, and a sprinkler system.
Property Size17,600 SF
Price / SF$168
Days on Market138
Property Features for 13211 Chandler Rd
General Information
Standard status
Active
Size
17,600 SF
Class
B
Total Parking Spaces
40
Property subtype
Industrial
Zoning
I-1
Investment Type
Owner/User
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
4
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
NAI NP Dodge
Listed By:
Kyle Pelster · License #NE 20120512
(402) 657-0006
Source:
Crexi
Added: Apr 20
Changed: Sep 3
Last Checked: Sep 4 at 10:15AM
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 flex industrial property is currently demised into two spaces totaling 6,000 SF and 11,600 SF, including 5,400 SF of office. The showroom area includes a separate entrance, and there is also a contractor entrance for coordinated access. Warehouse operations are supported by four overhead doors, including one dock high door, and the second demised space is described as wide open with RR.
The property is located at 13211 Chandler Rd in Omaha, Nebraska, with quick access to Interstate 80 at the Giles Exit. A fire sprinkler system is in place throughout.
For sale as-is, the current configuration provides both functional office space and flexible warehouse/production layout within the demised areas.
The property is located at 13211 Chandler Rd in Omaha, Nebraska, with quick access to Interstate 80 at the Giles Exit. A fire sprinkler system is in place throughout.
For sale as-is, the current configuration provides both functional office space and flexible warehouse/production layout within the demised areas.
Key Highlights
- Quick access to Interstate 80 at Giles Exit
- Flex building currently demised into 6,000 SF and 11,600 SF spaces
- Includes 5,400 SF office space plus a great showroom with a separate entrance
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
$217,668
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
7.36%
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%
$4,353,360
$4.4M
Cap Rate 7%
$3,109,543
$3.1M
Cap Rate 9%
$2,418,533
$2.4M
Market Conditions
NOI Build-Up for 17,600 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
$264.0K $15.00/SF
− Vacancy
−$7.9K −$0.45/SF
EGI
$256.1K $14.55/SF
− OpEx
−$38.4K −$2.18/SF
NOI
$217.7K $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%
$4,353,360
Cap Rate 7%
$3,109,543
Cap Rate 9%
$2,418,533
Alternative Uses
Best Use
Warehouse
$3.11M
$2.72M – $3.63M
NOI $217,668 @ 7.0% cap · market cap 7.36%
Second Best
Flex RnD
$2.61M
$2.28M – $3.04M
NOI $182,582 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$4.63M
$4.05M – $5.40M
NOI $324,133 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
4
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Under-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 Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building includes a showroom with separate entrance, 4 overhead doors plus a dock high door, and a sprinkler system.
Where is this flex space located?
The property is located at 13211 Chandler Rd Omaha, NE.
What is the asking price?
The asking price for this property is $2,956,800.
What are key features of this property?
This property features: Quick access to Interstate 80 at Giles Exit; Flex building currently demised into 6,000 SF and 11,600 SF spaces; Includes 5,400 SF office space plus a great showroom with a separate entrance
