Manufacturing Property with Drive-In
New
For Sale
$2,964,000
4340 S 90th Street, Omaha, NE 68127
Two-building industrial asset with GI zoning and a fully leased occupancy profile.
Property Size15,642 SF
Price / SF$189.49
Days on Market5
Property Features for 4340 S 90th Street
General Information
Standard status
Active
Size
15,642 SF
Property subtype
Industrial
Zoning
GI
Occupancy
100%
Additional Details
Drive-In Doors
6
Building Details
Building Size
15,642 SF
Year Built
1977
Buildings
2
Listing Agency:
NAI NP Dodge
Listed By:
Todd Schneidewind · License #20130215
(402) 980-4303
Source:
Naiglobal
Added: Sep 12
Last Checked: Sep 15 at 8:05AM
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 NAI NP Dodge
Investment Insights
Based on property information with market context.
Located at 4340 S 90th Street in Omaha, Nebraska, this manufacturing property comprises two buildings totaling 15,642 SF. Constructed in 1977, the asset includes 6 drive-in doors and is zoned GI, or General Industrial.
The property is fully leased, with tenants occupying on a month-to-month basis. Existing occupants may remain, providing flexibility for an owner-user or continued leased occupancy. Showings are scheduled through the listing agent, and tenants should not be disturbed.
The property is fully leased, with tenants occupying on a month-to-month basis. Existing occupants may remain, providing flexibility for an owner-user or continued leased occupancy. Showings are scheduled through the listing agent, and tenants should not be disturbed.
Key Highlights
- 15,642 SF across two buildings
- 6 drive‑in doors support industrial operations
- Zoned GI, or General Industrial
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
$193,452
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
6.53%
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%
$3,869,040
$3.9M
Cap Rate 7%
$2,763,600
$2.8M
Cap Rate 9%
$2,149,467
$2.1M
Market Conditions
NOI Build-Up for 15,642 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
$234.6K $15.00/SF
− Vacancy
−$7.0K −$0.45/SF
EGI
$227.6K $14.55/SF
− OpEx
−$34.1K −$2.18/SF
NOI
$193.5K $12.37/SF
Area
Omaha, NE
Vacancy
3.00%
Lease Rate
$15.00 /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%
$3,869,040
Cap Rate 7%
$2,763,600
Cap Rate 9%
$2,149,467
Alternative Uses
Best Use
Warehouse
$2.76M
$2.42M – $3.22M
NOI $193,452 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$2.28M
$1.99M – $2.66M
NOI $159,314 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$4.12M
$3.60M – $4.80M
NOI $288,073 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Drive-in doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 68127, NE
22,507
Population
10,435
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
3,517
Density / Sq Mi
$65,331
Median Household Income
$42,372
Median Earnings
$1,040
Median Rent
$230,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Two-building industrial asset with GI zoning and a fully leased occupancy profile.
Where is this manufacturing property located?
The property is located at 4340 S 90th Street Omaha, NE.
What is the asking price?
The asking price for this property is $2,964,000.
What are key features of this property?
This property features: 15,642 SF across two buildings; 6 drive‑in doors support industrial operations; Zoned GI, or General Industrial
