Building Details

Building Size 17,600 SF

Year Built 2006

Tenancy Multi

Listing Agency: NAI NP Dodge

Listed By: Kyle Pelster · License #20120512 Show Phone

Source: Nainpdodge

Added: Jun 2 Changed: Oct 14 Last Checked: Oct 20 at 6:19PM

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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

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Investment Insights

Based on property information with market context.

This flex/warehouse property offers two demised units within Centech Business Park on a 1.5-acre lot. The overall building totals 17,600 SF. One unit includes a large showroom with ancillary offices and a service desk, along with both a contractor entrance and a separate entrance. The second unit is wide open and includes an RR layout. The facility is served by four overhead doors, including one dock-high door, and is equipped with a fire sprinkler system.

The property is positioned in a La Vista Light Industrial zoning district and provides quick access to Interstate 80 via the Giles Exit. The current configuration supports a range of owner-user or tenant use needs where warehouse access and office/showroom space are both important.

Key Highlights

• 17,600 SF flex/warehouse building on a 1.5‑acre lot with two demised units in Centech Business Park
• Demised unit options: 6,000 SF and 11,600 SF (also noted 6,000 SF / 11,600 SF with additional 5,400 SF office)
• One unit includes a large showroom with ancillary offices and a service desk, plus a separate showroom entrance and contractor entrance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$217,668

Cap Rate

7.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,353,360 $4.4M

Cap Rate 7%

$3,109,543 $3.1M

Cap Rate 9%

$2,418,533 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,600 SF

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 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 (±1% cap)

NOI $217,668 @ 7.0% cap · market cap 7.36%

Second Best

Flex RnD

$2.61M

$2.28M – $3.04M (±1% cap)

NOI $182,582 @ 7.0% cap · market cap 6.17%

Theoretical Best

Office A

$4.63M

$4.05M – $5.40M (±1% cap)

NOI $324,133 @ 7.0% cap · market cap 10.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store Real Estate Agency Kitchen & Bath Showroom Plumbing Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Dock-high doors

Multi-tenant

Tenancy

Yes

Sprinkler system

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

Balanced

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

1.9% 2019

3.4% 2020

3% 2021

2.2% 2022

2.2% 2023

3.2% 2024

2.5% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two demised flex/warehouse units totaling 17,600 SF on a 1.5-acre lot in a light industrial business park.

Where is this flex space located?

The property is located at 13211 Chandler Road 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 flex/warehouse building on a 1.5‑acre lot with two demised units in Centech Business Park; Demised unit options: 6,000 SF and 11,600 SF (also noted 6,000 SF / 11,600 SF with additional 5,400 SF office); One unit includes a large showroom with ancillary offices and a service desk, plus a separate showroom entrance and contractor entrance