Freestanding
New
For Sale
$495,000
1915 S 13th Street, Omaha, NE 68108
An open interior plan accommodates shop and warehouse functions.
Property Size2,240 SF
Price / SF$220.98
Days on Market2
Property Features for 1915 S 13th Street
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Shop/Warehouse
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1989
Listing Agency:
Investors Realty Inc
Listed By:
Lee Ehlers, CCIM · License #0873883
(402) 778-7540
Source:
Investorsomaha
Added: Sep 26
Last Checked: Sep 26 at 3:02PM
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.
This freestanding warehouse offers 2,240 square feet of open-plan space for shop and warehouse use. The building dates to 1989.
The property is at 1915 S 13th Street in Omaha, with access to I-80 and a position along the South 13th Street corridor serving downtown Omaha.
The property is at 1915 S 13th Street in Omaha, with access to I-80 and a position along the South 13th Street corridor serving downtown Omaha.
Key Highlights
- 2,240 square feet of warehouse and shop space
- Open‑plan interior layout
- Freestanding building constructed in 1989
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
$27,703
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
5.60%
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%
$554,060
$554.1K
Cap Rate 7%
$395,757
$395.8K
Cap Rate 9%
$307,811
$307.8K
Market Conditions
NOI Build-Up for 2,240 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
$33.6K $15.00/SF
− Vacancy
−$1.0K −$0.45/SF
EGI
$32.6K $14.55/SF
− OpEx
−$4.9K −$2.18/SF
NOI
$27.7K $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%
$554,060
Cap Rate 7%
$395,757
Cap Rate 9%
$307,811
Alternative Uses
Best Use
Warehouse
$395.8K
$346.3K – $461.7K
NOI $27,703 @ 7.0% cap · market cap 5.60%
Second Best
Flex RnD
$332.0K
$290.5K – $387.3K
NOI $23,238 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$589.3K
$515.7K – $687.6K
NOI $41,253 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 68108, NE
15,623
Population
6,084
Households
2.6
Avg Household Size
30
Median Age
24%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
4,734
Density / Sq Mi
$47,255
Median Household Income
$34,693
Median Earnings
$1,128
Median Rent
$124,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Omaha, NE
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Similar Off Market Nearby
- Heck & Sons Co — 1625 S 13th St, Omaha, NE 68108
- blue jay storage — 1246 S 14th St, Omaha, NE 68108
- Dino's Storage — 1220 S 13th St, Omaha, NE 68108
- LockBox Storage Old Market — 501 Pacific St, Omaha, NE 68108
Frequently Asked Questions
What type of property is this?
Warehouse - An open interior plan accommodates shop and warehouse functions.
Where is this warehouse located?
The property is located at 1915 S 13th Street Omaha, NE.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,240 square feet of warehouse and shop space; Open‑plan interior layout; Freestanding building constructed in 1989
