Build-to-Suit Flex
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4201 S 130th St, Omaha, NE 68137
Modern flex facility with office, lab, training, and rear-yard storage components.
Property Size14,776 SF
Price / SF$355.98
Days on Market7
Property Features for 4201 S 130th St
General Information
Standard status
Active
Size
14,776 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Colliers | Omaha
(402) 345-5866
Listed By:
Jeffrey Wyatt · License #20090135
(402) 203-4524
Source:
Moodyscre
Added: Sep 16
Changed: Sep 20
Last Checked: Sep 21 at 7:21AM
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 Colliers | Omaha
Investment Insights
Based on property information with market context.
Located at 4201 S 130th St in Omaha, Nebraska, this 14,776-square-foot flex property was completed in 2020 as a build-to-suit facility. The 2.2-acre site includes private offices, conference rooms, a kitchen and break room, training room, lab space, and open office areas. Overhead doors connect the building to a rear storage lot, supporting a combination of office and operational functions.
The property is occupied by McCarthy Building Companies and serves as one of the company’s 19 regional offices. The offering is structured as an absolute NNN investment with rent increases. The site also includes on-site storage space and room to expand, as stated in the property information.
The property is occupied by McCarthy Building Companies and serves as one of the company’s 19 regional offices. The offering is structured as an absolute NNN investment with rent increases. The site also includes on-site storage space and room to expand, as stated in the property information.
Key Highlights
- 14,776‑square‑foot flex facility completed in 2020
- 2.2‑acre site with on‑site storage yard and room to expand
- Build‑to‑suit property occupied by McCarthy Building Companies
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
$202,005
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
3.84%
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%
$4,040,100
$4.0M
Cap Rate 7%
$2,885,786
$2.9M
Cap Rate 9%
$2,244,500
$2.2M
Market Conditions
NOI Build-Up for 14,776 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
$308.5K $20.88/SF
− Vacancy
−$39.2K −$2.65/SF
EGI
$269.3K $18.23/SF
− OpEx
−$67.3K −$4.56/SF
NOI
$202.0K $13.67/SF
Area
Omaha, NE
Vacancy
12.70%
Lease Rate
$20.88 /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%
$4,040,100
Cap Rate 7%
$2,885,786
Cap Rate 9%
$2,244,500
Alternative Uses
Best Use
Office B
$2.89M
$2.53M – $3.37M
NOI $202,005 @ 7.0% cap · market cap 3.84%
Second Best
Flex RnD
$2.19M
$1.92M – $2.55M
NOI $153,286 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,124 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68137, NE
26,537
Population
10,834
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,159
Density / Sq Mi
$82,256
Median Household Income
$49,784
Median Earnings
$1,337
Median Rent
$232,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Omaha, NE
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Frequently Asked Questions
What type of property is this?
Flex space - Modern flex facility with office, lab, training, and rear-yard storage components.
Where is this flex space located?
The property is located at 4201 S 130th St Omaha, NE.
What is the asking price?
The asking price for this property is $5,260,000.
What are key features of this property?
This property features: 14,776‑square‑foot flex facility completed in 2020; 2.2‑acre site with on‑site storage yard and room to expand; Build‑to‑suit property occupied by McCarthy Building Companies
