Industrial Property with Highway
For Sale
$899,000
16205 Pawnee Road, Bennington, NE 68007
5,800 SF industrial building on 2.20 AC lot.
Property Size5,800 SF
Lot Size2.20 Acres
Price / SF$155
Days on Market139
Property Features for 16205 Pawnee Road
General Information
Standard status
Active
Size
5,800 SF
Lot size
2.20 Acres
Property subtype
Industrial
Listing Agency:
CBRE | Omaha
(402) 697-5825
Listed By:
Mark Obermeyer
(402) 697-5825
Source:
Cbre
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 6:28AM
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 CBRE | Omaha
Investment Insights
Based on property information with market context.
This commercial real estate offering includes a 5,800 square foot building situated on a 2.20-acre lot. The property is accessible from Pawnee Road and Highway 36. The building features six drive-in doors and two bathrooms. The intended use of the property is for warehouses and industrial purposes.
Key Highlights
- 5,800 SF building on a 2.20 AC lot
- Six drive‑in doors offer convenient access
- Access from Pawnee Road or Highway 36
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
$40,335
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
4.49%
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%
$806,700
$806.7K
Cap Rate 7%
$576,214
$576.2K
Cap Rate 9%
$448,167
$448.2K
Market Conditions
NOI Build-Up for 5,800 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
$48.7K $8.40/SF
− Vacancy
−$1.3K −$0.22/SF
EGI
$47.5K $8.18/SF
− OpEx
−$7.1K −$1.23/SF
NOI
$40.3K $6.95/SF
Area
Douglas County, NE
Vacancy
2.60%
Lease Rate
$8.40 /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%
$806,700
Cap Rate 7%
$576,214
Cap Rate 9%
$448,167
Alternative Uses
Best Use
Warehouse
$576.2K
$504.2K – $672.3K
NOI $40,335 @ 7.0% cap · market cap 4.49%
Second Best
Industrial
$474.5K
$415.2K – $553.6K
NOI $33,217 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,050 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68007, NE
16,250
Population
6,268
Households
2.6
Avg Household Size
33
Median Age
58%
College-Educated
98%
High-School Grad
37.7 sq mi
ZIP Area
431
Density / Sq Mi
$137,767
Median Household Income
$69,521
Median Earnings
$1,581
Median Rent
$369,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- LockBox Storage Bennington — 12616 N 156th St, Bennington, NE 68007
- Highway 36 Storage — 12350 N 153rd Cir, Bennington, NE 68007
Frequently Asked Questions
What type of property is this?
Warehouse - 5,800 SF industrial building on 2.20 AC lot.
Where is this warehouse located?
The property is located at 16205 Pawnee Road Bennington, NE.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 5,800 SF building on a 2.20 AC lot; Six drive‑in doors offer convenient access; Access from Pawnee Road or Highway 36
