Light Industrial Flex
For Sale
Contact for pricing
2330 Paul St, Omaha, NE 68102
Fully fenced light industrial flex building with gated access and a partially office-equipped warehouse.
Property Size9,680 SF
Price / SF$139.46
Days on Market270
Property Features for 2330 Paul St
General Information
Standard status
Active
Size
9,680 SF
Property subtype
INDUSTRIAL
Zoning
Light Industrial
Additional Details
Fenced Yard
Yes
Drive-In Doors
1
Amenities
kitchenette
radiant heat
floor drains
Listing Agency:
JLL
(515) 218-7010
Listed By:
Eric Rose
(406) 855-0635
Source:
Moodyscre
Added: Dec 10, 2025
Changed: Aug 12
Last Checked: Jul 22 at 12:34AM
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 JLL
Investment Insights
Based on property information with market context.
This light industrial flex warehouse offers 9,680 SF with a layout that includes approximately 25% office space and a kitchenette. The warehouse portion is supported by 5 GFA units, floor drains, and a wash bay with radiant heat and floor drains, making it well-suited for operations requiring utility and drainage.
The property features fully fenced grounds with gated access and includes one drive-in door for loading. The building is zoned Light Industrial.
With a combined office and warehouse configuration, the space is designed to support both administrative needs and on-site production or service activities, while providing controlled access through the fenced and gated perimeter.
The property features fully fenced grounds with gated access and includes one drive-in door for loading. The building is zoned Light Industrial.
With a combined office and warehouse configuration, the space is designed to support both administrative needs and on-site production or service activities, while providing controlled access through the fenced and gated perimeter.
Key Highlights
- 9,680 SF light industrial flex building with 7‑year lease in place
- Year 1 NOI of $87,120 and sale price of $1,350,000
- Fully fenced property with gated access
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
$119,717
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
8.87%
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%
$2,394,340
$2.4M
Cap Rate 7%
$1,710,243
$1.7M
Cap Rate 9%
$1,330,189
$1.3M
Market Conditions
NOI Build-Up for 9,680 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
$145.2K $15.00/SF
− Vacancy
−$4.4K −$0.45/SF
EGI
$140.8K $14.55/SF
− OpEx
−$21.1K −$2.18/SF
NOI
$119.7K $12.37/SF
Area
Omaha, NE
Vacancy
3.00%
Lease Rate
$15.00 /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%
$2,394,340
Cap Rate 7%
$1,710,243
Cap Rate 9%
$1,330,189
Alternative Uses
Best Use
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,717 @ 7.0% cap · market cap 8.87%
Second Best
Flex RnD
$1.43M
$1.26M – $1.67M
NOI $100,420 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,273 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68102, NE
9,130
Population
5,922
Households
1.5
Avg Household Size
33
Median Age
51%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
5,072
Density / Sq Mi
$60,525
Median Household Income
$46,309
Median Earnings
$1,242
Median Rent
$350,500
Median Home Value
Market
Vacancy Rate% for Industrial in Omaha, NE
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Fully fenced light industrial flex building with gated access and a partially office-equipped warehouse.
Where is this flex space located?
The property is located at 2330 Paul St Omaha, NE.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 9,680 SF light industrial flex building with 7‑year lease in place; Year 1 NOI of $87,120 and sale price of $1,350,000; Fully fenced property with gated access
