Light Industrial Manufacturing
For Sale
$989,000
4303 E 39th St, Kearney, NE 68847
M-1 zoned facility with three overhead doors, semi-height dock, and substantial power service on nearly two acres.
Property Size12,500 SF
Lot Size1.98 Acres
Price / SF$79.12
Days on Market175
Property Features for 4303 E 39th St
General Information
Standard status
Active
Size
12,500 SF
Lot size
1.98 Acres
Zoning
M-1
Warehouse & Industrial
Clear Height
17 ft
Dock-High Doors
1
Drive-In Doors
3
Heavy Power
Yes
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,991
Listing Agency:
C21 Midlands
(308) 379-6976
Listed By:
Patrick Slack · License #NE20050465
(308) 379-6976
Source:
Exprealty
Added: Mar 2
Changed: Aug 23
Last Checked: Aug 22 at 12:45PM
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 C21 Midlands
Investment Insights
Based on property information with market context.
This M-1 zoned light industrial manufacturing facility totals 10,000 square feet of warehouse/manufacturing space, with an additional 2,500 square feet of office space. The site includes three overhead doors and a semi-height dock, and it is supported by a rail spur. Warehouse ceiling heights measure 17 feet, and there is an existing overhead crane structure for flexible operations.
The property is situated on 1.98 acres, with parking and outdoor storage available on site. City infrastructure is available at the facility, and the power service includes 3-phase 480V with a 1,000-amp service.
For buyers seeking a versatile industrial setup, the combination of dock and overhead door access, overhead crane structure, and rail spur can support a range of light industrial manufacturing or distribution uses. The included office space provides room for day-to-day operations and administration, while the outdoor area supports staging and storage needs.
The property is situated on 1.98 acres, with parking and outdoor storage available on site. City infrastructure is available at the facility, and the power service includes 3-phase 480V with a 1,000-amp service.
For buyers seeking a versatile industrial setup, the combination of dock and overhead door access, overhead crane structure, and rail spur can support a range of light industrial manufacturing or distribution uses. The included office space provides room for day-to-day operations and administration, while the outdoor area supports staging and storage needs.
Key Highlights
- M‑1 zoned light industrial manufacturing facility in Kearney’s industrial park area
- 10,000 SF facility plus 2,500 SF additional office space
- Located on 1.98 acres with 3 overhead doors and a semi‑height dock
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
$86,930
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
8.79%
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%
$1,738,600
$1.7M
Cap Rate 7%
$1,241,857
$1.2M
Cap Rate 9%
$965,889
$965.9K
Market Conditions
NOI Build-Up for 12,500 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
$105.0K $8.40/SF
− Vacancy
−$2.7K −$0.22/SF
EGI
$102.3K $8.18/SF
− OpEx
−$15.3K −$1.23/SF
NOI
$86.9K $6.95/SF
Area
Buffalo County, NE
Vacancy
2.60%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$1,738,600
Cap Rate 7%
$1,241,857
Cap Rate 9%
$965,889
Alternative Uses
Best Use
Warehouse
$1.24M
$1.09M – $1.45M
NOI $86,930 @ 7.0% cap · market cap 8.79%
Second Best
Industrial
$1.02M
$894.9K – $1.19M
NOI $71,589 @ 7.0% cap · market cap 7.24%
Theoretical Best
Healthcare Medical
$2.35M
$2.05M – $2.74M
NOI $164,235 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Yes
Heavy power
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 68847, NE
18,458
Population
7,751
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
109.6 sq mi
ZIP Area
168
Density / Sq Mi
$74,877
Median Household Income
$41,263
Median Earnings
$951
Median Rent
$229,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - M-1 zoned facility with three overhead doors, semi-height dock, and substantial power service on nearly two acres.
Where is this manufacturing property located?
The property is located at 4303 E 39th St Kearney, NE.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: M‑1 zoned light industrial manufacturing facility in Kearney’s industrial park area; 10,000 SF facility plus 2,500 SF additional office space; Located on 1.98 acres with 3 overhead doors and a semi‑height dock
