Building Details

Year Built 2017

Listing Agency: Investors Realty Inc

Listed By: Brian Farrell · License #20051234 Show Phone

Source: Investorsomaha

Added: Jun 25 Changed: Oct 9 Last Checked: Oct 20 at 7:35PM

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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.

Two buildings are offered for sale at 30030 W Reichmuth Rd in Valley, NE: a 5,000 SF former banquet hall built in 2020 and a 7,500 SF flex building built in 2017. The property totals 4.83 acres, providing room for expansion and future development of additional buildings. The event venue is described as turnkey, with equipment and customer amenities included.

The offering notes high visibility and easy access from HWY 275. The buildings can be sold together or separately, depending on the buyer’s needs, with the flex building supporting flexible use plans alongside the event operations.

Existing building improvements and included equipment/amenities support continued event use, while the larger site footprint and second structure also allow for alternative commercial or industrial reuse options.

Key Highlights

• Two buildings for sale: 5,000 SF former banquet hall (built 2020) and 7,500 SF flex building (built 2017)
• Can be sold together for $2.9M or separately for $1.8M (banquet hall) and $1.1M (flex building)
• 4.83 AC total offers expansion possibility for additional buildings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,589

Cap Rate

8.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,431,780 $1.4M

Cap Rate 7%

$1,022,700 $1.0M

Cap Rate 9%

$795,433 $795.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,500 SF

Gross rent

$105.0K $8.40/SF

− Vacancy

−$2.7K −$0.22/SF

EGI

$102.3K $8.18/SF

− OpEx

−$30.7K −$2.45/SF

NOI

$71.6K $5.73/SF

Area

Douglas County, NE

Vacancy

2.60%

Lease Rate

$8.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,431,780

Cap Rate 7%

$1,022,700

Cap Rate 9%

$795,433

Alternative Uses

Best Use

Industrial

$1.02M

$894.9K – $1.19M (±1% cap)

NOI $71,589 @ 7.0% cap · market cap 8.95%

Second Best

Flex RnD

$960.2K

$840.2K – $1.12M (±1% cap)

NOI $67,217 @ 7.0% cap · market cap 8.40%

Theoretical Best

Office A

$3.17M

$2.78M – $3.70M (±1% cap)

NOI $222,091 @ 7.0% cap · market cap 27.76%

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

Property Analytics

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Open Analytics

Current Use

Countryside Venue Hotel & Motel

Suggested Use

Top Pick HVAC Service Building Supply

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

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 68064, NE

3,872

Population

2,113

Households

1.8

Avg Household Size

46

Median Age

46%

College-Educated

98%

High-School Grad

51.0 sq mi

ZIP Area

76

Density / Sq Mi

$92,938

Median Household Income

$63,670

Median Earnings

$945

Median Rent

$476,400

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 - Two onsite buildings include a 2020 banquet hall and a 2017 flex building on 4.83 acres with highway access.

Where is this flex space located?

The property is located at 30030 W Reichmuth Rd Valley, NE.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: Two buildings for sale: 5,000 SF former banquet hall (built 2020) and 7,500 SF flex building (built 2017); Can be sold together for $2.9M or separately for $1.8M (banquet hall) and $1.1M (flex building); 4.83 AC total offers expansion possibility for additional buildings