Fenced Flex Property with Outdoor
For Sale
Contact for pricing
3008 Morningside Rd, Fremont, NE 68025
Two-building flex property with office, showroom, warehouse, drive-in access, and secured outdoor storage.
Property Size25,225 SF
Price / SF$189.89
Days on Market104
Property Features for 3008 Morningside Rd
General Information
Standard status
Active
Size
25,225 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE | Omaha
(402) 697-5844
Listed By:
Dean Hokanson · License #20150778
Source:
Moodyscre
Added: May 20
Changed: Aug 30
Last Checked: Aug 30 at 3:12PM
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 CBRE | Omaha
Investment Insights
Based on property information with market context.
The 25,225-square-foot flex property at 3008 Morningside Rd includes two separate buildings with distinct functions. Building one provides 3,500 SF of office and showroom space, while building two is configured as a dedicated warehouse. Large drive-in doors support movement of equipment and materials, and the property has 280 amp power.
Approximately 5 acres of outdoor storage accompany the buildings. The entire premises is fully fenced, creating a defined operating area for the property’s building and storage components.
Approximately 5 acres of outdoor storage accompany the buildings. The entire premises is fully fenced, creating a defined operating area for the property’s building and storage components.
Key Highlights
- 25,225‑square‑foot flex property with two buildings
- Building one includes 3,500 SF of office/showroom space
- Building two is a dedicated warehouse
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
$414,282
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
8.65%
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%
$8,285,640
$8.3M
Cap Rate 7%
$5,918,314
$5.9M
Cap Rate 9%
$4,603,133
$4.6M
Market Conditions
NOI Build-Up for 25,225 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
$602.4K $23.88/SF
− Vacancy
−$50.0K −$1.98/SF
EGI
$552.4K $21.90/SF
− OpEx
−$138.1K −$5.47/SF
NOI
$414.3K $16.42/SF
Area
Dodge County, NE
Vacancy
8.30%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
25.00%
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%
$8,285,640
Cap Rate 7%
$5,918,314
Cap Rate 9%
$4,603,133
Alternative Uses
Best Use
Office B
$5.92M
$5.18M – $6.90M
NOI $414,282 @ 7.0% cap · market cap 8.65%
Second Best
Warehouse
$2.54M
$2.22M – $2.96M
NOI $177,798 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$6.77M
$5.92M – $7.90M
NOI $473,849 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68025, NE
31,301
Population
14,017
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
124.0 sq mi
ZIP Area
252
Density / Sq Mi
$69,467
Median Household Income
$41,546
Median Earnings
$1,005
Median Rent
$201,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building flex property with office, showroom, warehouse, drive-in access, and secured outdoor storage.
Where is this flex space located?
The property is located at 3008 Morningside Rd Fremont, NE.
What is the asking price?
The asking price for this property is $4,790,000.
What are key features of this property?
This property features: 25,225‑square‑foot flex property with two buildings; Building one includes 3,500 SF of office/showroom space; Building two is a dedicated warehouse
