Building Details

Year Built 1984

Listing Agency: Investors Realty Inc

Listed By: Kevin Stratman, CCIM, SIOR · License #20110363 Show Phone

Source: Investorsomaha

Added: Jul 9 Changed: Oct 19 Last Checked: Oct 23 at 3:36AM

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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 Investors Realty Inc

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Investment Insights

Based on property information with market context.

This owner-user industrial warehouse at 2511 S 156th Circle offers a functional layout in a 30,000 SF facility. The property is positioned as an industrial opportunity for buyers looking to modernize, customize, and potentially expand their operations to fit future needs.

Located in one of west Omaha’s established industrial corridors, the site is suited for a variety of industrial uses where practical interior configuration matters. The property’s overall build and usable space support a range of operational approaches, with room for updates and improvements as requirements evolve.

The building is presented as a single industrial asset designed to accommodate an industrial user’s long-term requirements through personalization and potential expansion.

Key Highlights

• 30,000 SF industrial warehouse with a functional layout for a variety of industrial users
• Year built: 1984
• Opportunity to modernize, customize, and expand to meet future operational needs

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$371,025

Cap Rate

7.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,420,500 $7.4M

Cap Rate 7%

$5,300,357 $5.3M

Cap Rate 9%

$4,122,500 $4.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 30,000 SF

Gross rent

$450.0K $15.00/SF

− Vacancy

−$13.5K −$0.45/SF

EGI

$436.5K $14.55/SF

− OpEx

−$65.5K −$2.18/SF

NOI

$371.0K $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 Rate 5%

$7,420,500

Cap Rate 7%

$5,300,357

Cap Rate 9%

$4,122,500

Alternative Uses

Best Use

Warehouse

$5.30M

$4.64M – $6.18M (±1% cap)

NOI $371,025 @ 7.0% cap · market cap 7.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$7.89M

$6.91M – $9.21M (±1% cap)

NOI $552,499 @ 7.0% cap · market cap 11.16%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Capital Sanitary Supply ... Big Box & Wholesale Store National Paper & Sanitary ... Corporate Office

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Dental Office Pharmacy Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

582

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 68130, NE

21,501

Population

8,427

Households

2.6

Avg Household Size

41

Median Age

62%

College-Educated

99%

High-School Grad

7.6 sq mi

ZIP Area

2,829

Density / Sq Mi

$134,421

Median Household Income

$74,655

Median Earnings

$1,532

Median Rent

$384,700

Median Home Value

Market

Vacancy Rate% for Industrial in Omaha, NE

1.9% 2019

3.4% 2020

3% 2021

2.2% 2022

2.2% 2023

3.2% 2024

2.5% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Functional 30,000 SF industrial warehouse offering customization and modernization options for a variety of users.

Where is this warehouse located?

The property is located at 2511 S 156th Cir Omaha, NE.

What is the asking price?

The asking price for this property is $4,950,000.

What are key features of this property?

This property features: 30,000 SF industrial warehouse with a functional layout for a variety of industrial users; Year built: 1984; Opportunity to modernize, customize, and expand to meet future operational needs