Leased Flex Space With Fenced
New
For Sale
Contact for pricing
2035 YOLANDE AVE, Lincoln, NE 68521
Fully leased industrial property combines service, repair, office, storage, and secured outdoor storage areas.
Property Size8,176 SF
Lot Size2.01 Acres
Price / SF$138.82
Days on Market3
Property Features for 2035 YOLANDE AVE
General Information
Standard status
Active
Size
8,176 SF
Lot size
2.01 Acres
Property subtype
Industrial
Zoning
I-1
Occupancy
100%
Lease Type
NNN
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Cap Rate
6.4%
Building Details
Year Built
1967
Units
1
Tenancy
Single
Building Size
8,176 SF
Listing Agency:
NAI FMA Realty
(402) 770-6908
Listed By:
Marc Hausmann · License #NE 20110439
Source:
Crexi
Added: Aug 10
Changed: Aug 12
Last Checked: Aug 12 at 2:05AM
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.
Built in 1967, this flex space property includes approximately 8,176 square feet of improvements on 2.01 acres. The building supports service and repair functions alongside office and storage areas, while a substantial fenced lot provides secured outdoor storage capability. The property is occupied by a single tenant and is fully leased.
Located at 2035 Yolande Avenue in Lincoln, Nebraska, the asset carries I-1 Industrial zoning. The offering reflects a 6.4% capitalization rate and combines enclosed commercial space with a fenced outdoor component suited to industrial operations requiring additional secured yard area.
Located at 2035 Yolande Avenue in Lincoln, Nebraska, the asset carries I-1 Industrial zoning. The offering reflects a 6.4% capitalization rate and combines enclosed commercial space with a fenced outdoor component suited to industrial operations requiring additional secured yard area.
Key Highlights
- Approximately 8,176 square feet on 2.01 acres
- Fully leased to a single tenant
- I‑1 Industrial zoning
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
$96,660
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
8.52%
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%
$1,933,200
$1.9M
Cap Rate 7%
$1,380,857
$1.4M
Cap Rate 9%
$1,074,000
$1.1M
Market Conditions
NOI Build-Up for 8,176 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
$116.8K $14.28/SF
− Vacancy
−$3.0K −$0.37/SF
EGI
$113.7K $13.91/SF
− OpEx
−$17.1K −$2.09/SF
NOI
$96.7K $11.82/SF
Area
Lincoln, NE
Vacancy
2.60%
Lease Rate
$14.28 /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%
$1,933,200
Cap Rate 7%
$1,380,857
Cap Rate 9%
$1,074,000
Alternative Uses
Best Use
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,660 @ 7.0% cap · market cap 8.52%
Second Best
Industrial
$1.14M
$995.0K – $1.33M
NOI $79,602 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,308 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 68521, NE
37,251
Population
15,657
Households
2.4
Avg Household Size
31
Median Age
32%
College-Educated
88%
High-School Grad
13.2 sq mi
ZIP Area
2,822
Density / Sq Mi
$66,902
Median Household Income
$38,755
Median Earnings
$1,196
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully leased industrial property combines service, repair, office, storage, and secured outdoor storage areas.
Where is this flex space located?
The property is located at 2035 YOLANDE AVE Lincoln, NE.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: Approximately 8,176 square feet on 2.01 acres; Fully leased to a single tenant; I‑1 Industrial zoning
