Flex Space with Outdoor
New
For Sale
$2,749,000
13852 L St, Omaha, NE 68137
Front office improvements complement a rear warehouse and storage area in an industrial flex business park.
Property Size15,120 SF
Lot Size1.12 Acres
Price / SF$181.81
Days on Market3
Property Features for 13852 L St
General Information
Standard status
Active
Size
15,120 SF
Lot size
1.12 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1988
Buildings
1
Building Size
15,120 SF
Listing Agency:
Omaha
Listed By:
Adam Marek · License #19990664
(402) 763-1710
Source:
Colliers
Added: Sep 30
Last Checked: Oct 2 at 5:00PM
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 Omaha
Investment Insights
Based on property information with market context.
This 15,120-square-foot flex property combines updated office space at the front with warehouse and storage functions toward the rear. Built in 1988, the building occupies 1.12 acres. About 0.3 acres provide paved outdoor storage within a partially fenced area. Its symmetrical design may support a multi-tenant configuration.
The property is in Omaha’s southwest industrial submarket, within an industrial flex business park. Interstate 80 is accessible via L Street, with 144th Street and Industrial Road also nearby.
The property is in Omaha’s southwest industrial submarket, within an industrial flex business park. Interstate 80 is accessible via L Street, with 144th Street and Industrial Road also nearby.
Key Highlights
- 15,120‑square‑foot building on 1.12 acres
- Approximately 0.3 acres of partially fenced, paved outdoor storage
- Front office area with warehouse and storage space at the rear
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
$186,997
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
6.80%
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%
$3,739,940
$3.7M
Cap Rate 7%
$2,671,386
$2.7M
Cap Rate 9%
$2,077,744
$2.1M
Market Conditions
NOI Build-Up for 15,120 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
$226.8K $15.00/SF
− Vacancy
−$6.8K −$0.45/SF
EGI
$220.0K $14.55/SF
− OpEx
−$33.0K −$2.18/SF
NOI
$187.0K $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%
$3,739,940
Cap Rate 7%
$2,671,386
Cap Rate 9%
$2,077,744
Alternative Uses
Best Use
Warehouse
$2.67M
$2.34M – $3.12M
NOI $186,997 @ 7.0% cap · market cap 6.80%
Second Best
Flex RnD
$2.24M
$1.96M – $2.61M
NOI $156,855 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,460 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68137, NE
26,537
Population
10,834
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,159
Density / Sq Mi
$82,256
Median Household Income
$49,784
Median Earnings
$1,337
Median Rent
$232,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pleasure Your Palate Catering — 14505 Grover St, Omaha, NE 68144
Frequently Asked Questions
What type of property is this?
Flex space - Front office improvements complement a rear warehouse and storage area in an industrial flex business park.
Where is this flex space located?
The property is located at 13852 L St Omaha, NE.
What is the asking price?
The asking price for this property is $2,749,000.
What are key features of this property?
This property features: 15,120‑square‑foot building on 1.12 acres; Approximately 0.3 acres of partially fenced, paved outdoor storage; Front office area with warehouse and storage space at the rear
