Flex/Warehouse with Showroom
For Sale
Contact for pricing
13211 Chandler Rd, Omaha, NE 68138
A two-unit flex/warehouse with a showroom, ancillary offices, and a service desk in a business park setting.
Property Size17,600 SF
Lot Size1.50 Acres
Price / SF$168
Days on Market127
Property Features for 13211 Chandler Rd
General Information
Standard status
Active
Size
17,600 SF
Class
B
Total Parking Spaces
40
Lot size
1.50 Acres
Property subtype
Industrial
Zoning
I-1
Investment Type
Owner/User
Building Details
Year Built
2006
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
NAI NP Dodge
(402) 657-0006
Listed By:
Kyle Pelster · License #NE 20120512
Source:
Crexi
Added: Apr 20
Changed: Aug 24
Last Checked: Aug 23 at 11:04PM
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 17,600 SF flex/warehouse is situated on a 1.5 AC lot and features two separate units within Centech Business Park. One unit includes a large showroom along with ancillary offices and a service desk, providing a layout suited to customer-facing operations. The second unit was formerly operated as a gym.
The property is located in a La Vista Light Industrial zoning district, supporting light industrial use considerations for an owner-user or investor seeking on-site income potential.
With two distinct spaces under one roof, the building offers flexibility for multiple tenants or an owner-occupant arrangement, depending on operational needs.
The property is located in a La Vista Light Industrial zoning district, supporting light industrial use considerations for an owner-user or investor seeking on-site income potential.
With two distinct spaces under one roof, the building offers flexibility for multiple tenants or an owner-occupant arrangement, depending on operational needs.
Key Highlights
- 17,600 SF two‑unit flex/warehouse built in 2006 on a 1.5 AC lot in Centech Business Park
- La Vista Light Industrial zoning district
- Unit 1 includes a large showroom, ancillary offices, and a service desk
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
Retail
$3.04M
$2.66M – $3.55M
NOI $212,890 @ 7.0% cap · market cap 7.20%
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - A two-unit flex/warehouse with a showroom, ancillary offices, and a service desk in a business park setting.
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: 17,600 SF two‑unit flex/warehouse built in 2006 on a 1.5 AC lot in Centech Business Park; La Vista Light Industrial zoning district; Unit 1 includes a large showroom, ancillary offices, and a service desk
