Office/Warehouse Condo with
2004 SW 5th St Lincoln, NE 68522
For Sale
Contact for pricing
Move-in ready office/warehouse condo with heated warehouse, radiant heat, and approximately 16-ft clear height.
Property Size2,522 SF
Price / SF$154.64
Days on Market25
Property Features for 2004 SW 5th St
General Information
Standard status
Active
Size
2,522 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI FMA Realty
(402) 202-7725
Listed By:
Thomas Graf, CCIM · License #20000632
(402) 202-7725
Source:
Moodyscre
Added: Jul 6
Changed: Jul 26
Last Checked: Jul 29 at 1:31PM
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 FMA Realty
Investment Insights
Based on property information with market context.
This well-maintained, move-in ready office/warehouse condo offers a functional mix of office space and warehouse utility. The layout includes approximately 540 SF of updated office with one private office, a reception area with built-in desk and cabinets, and a bathroom with a shower. A second-level office is accessed from the warehouse, supporting an efficient work flow between office and storage.
The warehouse area is designed for day-to-day operations, with built-in storage, radiant heat, a floor drain, and a free-standing utility sink. Clear height is approximately 16 feet, with a 20-foot maximum at the tallest point.
The property is zoned I-1 and includes office/warehouse configurations that can support a wide range of commercial and industrial uses, including contractor and light manufacturing and office/warehouse operations. The location provides easy access to I-80, Hwy 77, and West O St.
The warehouse area is designed for day-to-day operations, with built-in storage, radiant heat, a floor drain, and a free-standing utility sink. Clear height is approximately 16 feet, with a 20-foot maximum at the tallest point.
The property is zoned I-1 and includes office/warehouse configurations that can support a wide range of commercial and industrial uses, including contractor and light manufacturing and office/warehouse operations. The location provides easy access to I-80, Hwy 77, and West O St.
Key Highlights
- Move‑in ready 2,552 SF office/warehouse condo with approximately 540 SF of updated office space
- Heated warehouse with radiant heat, built‑in storage, floor drain, and free‑standing utility sink
- Office layout includes one private office, reception area with built‑in desk and cabinets, and a bathroom with a shower
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.0k | $21.00 |
| − Vacancy | −$10.6k | −$4.20 |
| EGI | $42.4k | $16.80 |
| − OpEx | −$10.6k | −$4.20 |
| NOI | $31.8k | $12.60 |
2,522 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$454.0K
$397.2K – $529.6K
NOI $31,777 @ 7.0% cap · market cap 8.15%
Second Best
Warehouse
$425.9K
$372.7K – $496.9K
NOI $29,816 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$618.3K
$541.0K – $721.3K
NOI $43,280 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready office/warehouse condo with heated warehouse, radiant heat, and approximately 16-ft clear height.
Where is this flex space located?
The property is located at 2004 SW 5th St Lincoln, NE.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Move‑in ready 2,552 SF office/warehouse condo with approximately 540 SF of updated office space; Heated warehouse with radiant heat, built‑in storage, floor drain, and free‑standing utility sink; Office layout includes one private office, reception area with built‑in desk and cabinets, and a bathroom with a shower
