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Industrial Flex Building
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3400 W O St, Lincoln, NE 68528

Industrial flex building with close access to I-80 and Hwy 77, plus outdoor storage for expansion.

Property Size52,021 SF
Price / SF$120.14
Days on Market190

Property Features for 3400 W O St

General Information

Standard status Active
Size 52,021 SF
Property subtype INDUSTRIAL

Site & Location

Highway Access Yes
Outdoor Storage Yes

Building Details

Buildings 1
Building Size 52,021 SF
Listing Agency: LINE Partners
Listed By: Pat Heiser · License #NE20140037
Source: Moodyscre
Added: Jan 26 Changed: Jul 30 Last Checked: Aug 4 at 5:19AM

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 LINE Partners

Investment Insights

Based on property information with market context.

This industrial flex building totals 52,021 SF and is suited for a range of industrial and light flex uses. In addition to the building area, the property includes an additional estimated 1.61 acres for outdoor storage and potential building expansion.

The property is located in West Lincoln with close access to I-80 and Hwy 77, supporting efficient movement of people and goods.

Overall, the combination of indoor space and nearby outdoor storage area can support tenants looking for operational flexibility and room to scale on-site.

Key Highlights

  • 52,021 SF industrial flex building
  • Estimated 1.61 acres for outdoor storage or building expansion
  • Located in West Lincoln

Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $742.9k $14.28
− Vacancy −$19.3k −$0.37
EGI $723.5k $13.91
− OpEx −$217.1k −$4.17
NOI $506.5k $9.74
52,021 SF · lease $14.28/SF/yr · vacancy 2.60% · expense 30.00%

Alternative Uses

Best Use
Warehouse
$8.79M
$7.69M – $10.25M (±1% cap)
NOI $615,014 @ 7.0% cap · market cap 9.84%
Second Best
Industrial
$7.24M
$6.33M – $8.44M (±1% cap)
NOI $506,482 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$12.75M
$11.16M – $14.88M (±1% cap)
NOI $892,730 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Thunderstone Manufacturing Industrial Manufacturer HARRIS LAW OFFICES, ... Law Firm Injured Trucker Consultant

Suggested Use

Top Pick Restaurant Auto Parts Store Garden Center Plumbing Service Bakery Law Firm

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

50
Businesses Nearby
Well-served
Demand for This Use

Demographics for 68528, NE

6,929
Population
2,899
Households
2.4
Avg Household Size
31
Median Age
44%
College-Educated
97%
High-School Grad
16.5 sq mi
ZIP Area
420
Density / Sq Mi
$75,000
Median Household Income
$40,998
Median Earnings
$1,227
Median Rent
$243,700
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Flex space - Industrial flex building with close access to I-80 and Hwy 77, plus outdoor storage for expansion.
Where is this flex space located?
The property is located at 3400 W O St Lincoln, NE.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 52,021 SF industrial flex building; Estimated 1.61 acres for outdoor storage or building expansion; Located in West Lincoln
(402) 875-3600 Call to check price and availability
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