Industrial Building in Keystone
For Sale
$1,080,000
2015 N 84th St, Omaha, NE 68134
Freestanding industrial building in Keystone Industrial Park for sale.
Property Size7,350 SF
Price / SF$146.94
Days on Market169
Property Features for 2015 N 84th St
General Information
Standard status
Active
Size
7,350 SF
Property subtype
Industrial
Building Details
Year Built
1998
Listing Agency:
Investors Realty Inc
Listed By:
Kevin Stratman, CCIM, SIOR · License #20110363
(402) 778-7520
Source:
Investorsomaha
Added: Mar 27
Changed: Sep 7
Last Checked: Sep 11 at 7:17AM
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 small industrial building, totaling 7,250 square feet, is located in the Keystone Industrial Park, immediately off 84th in Blondo. It features a small adjacent shop, offering potential for various industrial applications.
Key Highlights
- Freestanding industrial building
- Located in Keystone Industrial Park
- Immediate access to 84th Street
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
$74,860
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
6.93%
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%
$1,497,200
$1.5M
Cap Rate 7%
$1,069,429
$1.1M
Cap Rate 9%
$831,778
$831.8K
Market Conditions
NOI Build-Up for 7,350 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
$110.3K $15.00/SF
− Vacancy
−$3.3K −$0.45/SF
EGI
$106.9K $14.55/SF
− OpEx
−$32.1K −$4.36/SF
NOI
$74.9K $10.18/SF
Area
Omaha, NE
Vacancy
3.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,497,200
Cap Rate 7%
$1,069,429
Cap Rate 9%
$831,778
Alternative Uses
Best Use
Industrial
$1.07M
$935.8K – $1.25M
NOI $74,860 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,362 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
Explore this area
Business Placement
Demographics for 68134, NE
28,996
Population
13,920
Households
2.1
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
3,536
Density / Sq Mi
$67,353
Median Household Income
$43,222
Median Earnings
$1,044
Median Rent
$204,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Freestanding industrial building in Keystone Industrial Park for sale.
Where is this industrial property located?
The property is located at 2015 N 84th St Omaha, NE.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Freestanding industrial building; Located in Keystone Industrial Park; Immediate access to 84th Street
