Versatile Flex Space with Fenced
For Sale
$750,000
203 E 35th Avenue, Bellevue, NE 68005
Flex space with fenced lot, drive-in doors, and office.
Property Size4,800 SF
Price / SF$156.25
Days on Market201
Property Features for 203 E 35th Avenue
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Industrial
Building Details
Year Built
1995
Listing Agency:
Investors Realty Inc
Listed By:
Clint Seemann · License #20020915
(402) 778-7541
Source:
Investorsomaha
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 12 at 6:46PM
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 4,800-square-foot property is suitable for an owner-user and offers the potential to divide the space for two tenants. The building includes a fenced back lot and features four oversized drive-in doors. Mezzanine storage, office space, and radiant heat are also present. The property is located in Bellevue, Nebraska.
Key Highlights
- Ability to demise the space for two tenants offering investment or flexibility
- Fenced back lot providing security and storage
- 4 oversized drive‑in doors enhance accessibility and functionality
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,862
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,240
$557.2K
Cap Rate 7%
$398,029
$398.0K
Cap Rate 9%
$309,578
$309.6K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$41.0K $8.54/SF
− Vacancy
−$1.2K −$0.25/SF
EGI
$39.8K $8.29/SF
− OpEx
−$11.9K −$2.49/SF
NOI
$27.9K $5.80/SF
Area
Sarpy County, NE
Vacancy
2.90%
Lease Rate
$8.54 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,240
Cap Rate 7%
$398,029
Cap Rate 9%
$309,578
Alternative Uses
Best Use
Industrial
$398.0K
$348.3K – $464.4K
NOI $27,862 @ 7.0% cap · market cap 3.71%
Second Best
Flex RnD
$364.7K
$319.1K – $425.5K
NOI $25,527 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,168 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68005, NE
23,236
Population
9,778
Households
2.4
Avg Household Size
37
Median Age
29%
College-Educated
92%
High-School Grad
18.7 sq mi
ZIP Area
1,243
Density / Sq Mi
$66,347
Median Household Income
$41,702
Median Earnings
$1,033
Median Rent
$193,600
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 Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with fenced lot, drive-in doors, and office.
Where is this flex space located?
The property is located at 203 E 35th Avenue Bellevue, NE.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Ability to demise the space for two tenants offering investment or flexibility; Fenced back lot providing security and storage; 4 oversized drive‑in doors enhance accessibility and functionality
