Building Details

Year Built 2022

Buildings 1

Stories 1

Tenancy Multi

Listing Agency: NAI NP Dodge

Listed By: Spencer Morrissey · License #NE 20170041 Show Phone

Source: Crexi

Added: Apr 2 Changed: Oct 4 Last Checked: Oct 20 at 7:32PM

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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 NP Dodge

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Investment Insights

Based on property information with market context.

This warehouse flex building is offered for sale and configured for light industrial and flexible use. The property size is 3,584 square feet, providing a compact footprint for storage and adaptable workflow.

The building is located in the Roca, Nebraska area on Production Dr, near the intersection of Highway 77 and Highway 2 for practical regional access.

The offering includes a single flex/warehouse structure suitable for tenants or owners seeking a small, functional industrial space.

Key Highlights

• Warehouse/flex building built in 2022
• For sale near Highway 77 and Highway 2 (South Lincoln)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,386

Cap Rate

3.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$487,720 $487.7K

Cap Rate 7%

$348,371 $348.4K

Cap Rate 9%

$270,956 $271.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,584 SF

Gross rent

$29.2K $8.16/SF

− Vacancy

−$556 −$0.16/SF

EGI

$28.7K $8.00/SF

− OpEx

−$4.3K −$1.20/SF

NOI

$24.4K $6.80/SF

Area

Lancaster County, NE

Vacancy

1.90%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$487,720

Cap Rate 7%

$348,371

Cap Rate 9%

$270,956

Alternative Uses

Best Use

Warehouse

$348.4K

$304.8K – $406.4K (±1% cap)

NOI $24,386 @ 7.0% cap · market cap 3.49%

Second Best

Industrial

$286.9K

$251.0K – $334.7K (±1% cap)

NOI $20,083 @ 7.0% cap · market cap 2.87%

Theoretical Best

Office A

$878.6K

$768.8K – $1.03M (±1% cap)

NOI $61,505 @ 7.0% cap · market cap 8.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Garden Center Real Estate Agency Storage Facility Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 68430, NE

2,063

Population

606

Households

3.4

Avg Household Size

40

Median Age

40%

College-Educated

98%

High-School Grad

45.5 sq mi

ZIP Area

45

Density / Sq Mi

$126,458

Median Household Income

$68,077

Median Earnings

$861

Median Rent

$443,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Warehouse flex building for sale near Highway 77 and Highway 2.

Where is this flex space located?

The property is located at 2440 Production Drive Roca, NE.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Warehouse/flex building built in 2022; For sale near Highway 77 and Highway 2 (South Lincoln)