Versatile Industrial Property on 8
For Sale
Contact for pricing
270 East Grant St, Blair, NE 68008
Industrial property with three buildings and ample yard space.
Property Size17,440 SF
Lot Size8.00 Acres
Price / SF$120.41
Days on Market203
Property Features for 270 East Grant St
General Information
Standard status
Active
Size
17,440 SF
Class
C
Lot size
8.00 Acres
Property subtype
Industrial
Zoning
03
Investment Type
Owner/User
Building Details
Year Built
2002
Buildings
3
Stories
1
Tenancy
Single
Listing Agency:
NAI NP Dodge
(402) 320-0561
Listed By:
Brian Thomas · License #20210472
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 16 at 7:23AM
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
Investment Insights
Based on property information with market context.
This industrial property features three buildings totaling approximately 17,440 square feet, situated on 8 acres of fully graveled land. The property includes a 10,000 square foot building, a 6,000 square foot main shop, and an additional 1,440 square foot building, providing flexibility for various industrial and service applications. The expansive yard offers ample space for equipment storage, truck parking, or future expansion. The site also includes an on-site fuel station, adding operational efficiency and value for an owner-user.
Key Highlights
- Three buildings totaling 17,440 SF offer flexibility for various industrial uses.
- 8 acres of fully graveled land provide ample space for storage, parking, or expansion.
- Includes a 10,000 SF building and a 6,000 SF main shop, plus a 1,440 SF building.
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
$184,731
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
8.80%
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%
$3,694,620
$3.7M
Cap Rate 7%
$2,639,014
$2.6M
Cap Rate 9%
$2,052,567
$2.1M
Market Conditions
NOI Build-Up for 17,440 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
$272.1K $15.60/SF
− Vacancy
−$8.2K −$0.47/SF
EGI
$263.9K $15.13/SF
− OpEx
−$79.2K −$4.54/SF
NOI
$184.7K $10.59/SF
Area
Washington County, NE
Vacancy
3.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
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%
$3,694,620
Cap Rate 7%
$2,639,014
Cap Rate 9%
$2,052,567
Alternative Uses
Best Use
Industrial
$2.64M
$2.31M – $3.08M
NOI $184,731 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.58M
$4.01M – $5.35M
NOI $320,714 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 68008, NE
12,597
Population
5,289
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
97%
High-School Grad
124.0 sq mi
ZIP Area
102
Density / Sq Mi
$86,905
Median Household Income
$54,588
Median Earnings
$933
Median Rent
$254,900
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?
Industrial property - Industrial property with three buildings and ample yard space.
Where is this industrial property located?
The property is located at 270 East Grant St Blair, NE.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Three buildings totaling 17,440 SF offer flexibility for various industrial uses.; 8 acres of fully graveled land provide ample space for storage, parking, or expansion.; Includes a **10,000 SF building** and a **6,000 SF main shop**, plus a 1,440 SF building.
