Building Details

Buildings 3

Listing Agency: NAI NP Dodge Show Phone

Listed By: Bryan Hartmann · License #20010011 Show Phone

Source: Moodyscre

Added: May 21 Changed: Oct 15 Last Checked: Oct 20 at 11:14PM

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Investment Insights

Based on property information with market context.

This manufacturing property includes a tasting room and production space totaling 12,158 SF. The site also features (2) shop/warehouse buildings, creating flexible options for specialized operations.

Located at 17111 S 138th St in Springfield, NE 68059, the property is positioned for businesses seeking a dedicated production setup alongside a tasting room concept.

With multiple structures and dedicated production space, the layout supports a range of operational uses that benefit from both manufacturing and a customer-facing tasting environment.

Key Highlights

• 12,158 SF tasting room and production space
• Two shop/warehouse buildings
• Manufacturing property with on‑site tasting room concept

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$149,379

Cap Rate

7.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,987,580 $3.0M

Cap Rate 7%

$2,133,986 $2.1M

Cap Rate 9%

$1,659,767 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,158 SF

Gross rent

$223.2K $18.36/SF

− Vacancy

−$9.8K −$0.81/SF

EGI

$213.4K $17.55/SF

− OpEx

−$64.0K −$5.27/SF

NOI

$149.4K $12.29/SF

Area

Sarpy County, NE

Vacancy

4.40%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,987,580

Cap Rate 7%

$2,133,986

Cap Rate 9%

$1,659,767

Alternative Uses

Best Use

Retail

$2.13M

$1.87M – $2.49M (±1% cap)

NOI $149,379 @ 7.0% cap · market cap 7.66%

Second Best

Warehouse

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,696 @ 7.0% cap · market cap 4.39%

Theoretical Best

Office A

$3.26M

$2.85M – $3.81M (±1% cap)

NOI $228,387 @ 7.0% cap · market cap 11.71%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Soaring Wings Vineyard Brewery & Distillery

Suggested Use

Top Pick HVAC Service Electrical Service Real Estate Agency Big Box & Wholesale Store Discount Store Building Supply

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

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 68059, NE

3,408

Population

1,369

Households

2.5

Avg Household Size

43

Median Age

31%

College-Educated

96%

High-School Grad

47.7 sq mi

ZIP Area

71

Density / Sq Mi

$97,210

Median Household Income

$50,768

Median Earnings

$1,198

Median Rent

$351,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Manufacturing property - Manufacturing space with a tasting room and production, plus two shop/warehouse buildings in Springfield, Nebraska.

Where is this manufacturing property located?

The property is located at 17111 S 138th St Springfield, NE.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: 12,158 SF tasting room and production space; Two shop/warehouse buildings; Manufacturing property with on‑site tasting room concept