Flex Space with Private
New
For Sale
$997,500
308 S Claude Rd, Grand Island, NE 68803
Office and warehouse areas are supported by radiant heat, three HVAC units, and a mezzanine for storage.
Property Size7,500 SF
Price / SF$133
Days on Market7
Property Features for 308 S Claude Rd
General Information
Standard status
Active
Size
7,500 SF
Additional Details
Warehouse Space
3,500 SF
Taxes and HOA fees
Annual Taxes
$10,114
Amenities
conference room
front desk reception area
break room
private offices
ADA half baths
Building Details
Year Built
1999
Building Size
7,500 SF
Listing Agency:
Berkshire Hathaway HomeServices Da-Ly Realty
(308) 384-1101
Listed By:
Sheila Reed · License #20030173
(308) 380-2204
Source:
Exprealty
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 21 at 2:31AM
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 Berkshire Hathaway HomeServices Da-Ly Realty
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Investment Insights
Based on property information with market context.
This 7,500-square-foot flex property combines several private offices with approximately 3,500 square feet of warehouse area. Office improvements include a reception area, conference room, and a break room with new kitchen cabinets. The building also has three HVAC units, two ADA half baths, and a mezzanine used for storage. Warehouse features include radiant heat and one overhead door measuring 14 feet high by 12 feet wide.
Built in 1999, the property received an addition in 2013. Updates completed in the past year include LED lighting and improvements to the office and break-room areas.
Built in 1999, the property received an addition in 2013. Updates completed in the past year include LED lighting and improvements to the office and break-room areas.
Key Highlights
- 7,500‑square‑foot building with approximately 3,500 square feet of warehouse space
- Several private offices, a conference room, reception area, and updated break room
- One overhead door measuring 14 feet high by 12 feet wide
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,282
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,640
$1.0M
Cap Rate 7%
$732,600
$732.6K
Cap Rate 9%
$569,800
$569.8K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$61.5K $8.20/SF
− Vacancy
−$1.2K −$0.16/SF
EGI
$60.3K $8.04/SF
− OpEx
−$9.0K −$1.21/SF
NOI
$51.3K $6.84/SF
Area
Hall County, NE
Vacancy
1.90%
Lease Rate
$8.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,640
Cap Rate 7%
$732,600
Cap Rate 9%
$569,800
Alternative Uses
Best Use
Warehouse
$732.6K
$641.0K – $854.7K
NOI $51,282 @ 7.0% cap · market cap 5.14%
Second Best
Industrial
$613.6K
$536.9K – $715.9K
NOI $42,953 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,388 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 68803, NE
26,487
Population
11,188
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
86.9 sq mi
ZIP Area
305
Density / Sq Mi
$70,040
Median Household Income
$44,795
Median Earnings
$888
Median Rent
$224,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are supported by radiant heat, three HVAC units, and a mezzanine for storage.
Where is this flex space located?
The property is located at 308 S Claude Rd Grand Island, NE.
What is the asking price?
The asking price for this property is $997,500.
What are key features of this property?
This property features: 7,500‑square‑foot building with approximately 3,500 square feet of warehouse space; Several private offices, a conference room, reception area, and updated break room; One overhead door measuring 14 feet high by 12 feet wide
