Building Details

Year Renovated 2012

Listing Agency: CBRE - Omaha

Listed By: David H. Maenner · License ##20060113 Show Phone

Source: Cbre

Added: May 16 Changed: Oct 10 Last Checked: Oct 20 at 6:14PM

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Investment Insights

Based on property information with market context.

This warehouse and office building includes an office area with five offices, a reception area, conference room, large file room, breakroom, and two restrooms. The office space was fully renovated in 2012. The warehouse offers one 10’W x 12’H drive-in door and one 8’ x 8’ dock door, with a fenced storage area at the rear of the property.

The location provides easy access to I-80 via 84th and F Streets.

Overall, the property combines functional warehouse loading with dedicated administrative space and secured outdoor storage.

Key Highlights

• Office area includes five offices plus reception, conference room, large file room, breakroom, and two restrooms
• Entire office renovation completed in 2012
• Warehouse has one 10’W x 12’H drive‑in door and one 8’ x 8’ dock door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,622

Cap Rate

8.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,312,440 $1.3M

Cap Rate 7%

$937,457 $937.5K

Cap Rate 9%

$729,133 $729.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,800 SF

Gross rent

$100.2K $20.88/SF

− Vacancy

−$12.7K −$2.65/SF

EGI

$87.5K $18.23/SF

− OpEx

−$21.9K −$4.56/SF

NOI

$65.6K $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 Rate 5%

$1,312,440

Cap Rate 7%

$937,457

Cap Rate 9%

$729,133

Alternative Uses

Best Use

Office B

$937.5K

$820.3K – $1.09M (±1% cap)

NOI $65,622 @ 7.0% cap · market cap 8.75%

Second Best

Warehouse

$848.1K

$742.1K – $989.4K (±1% cap)

NOI $59,364 @ 7.0% cap · market cap 7.92%

Theoretical Best

Office A

$1.26M

$1.11M – $1.47M (±1% cap)

NOI $88,400 @ 7.0% cap · market cap 11.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

F & B Constructors ... Construction Company

Suggested Use

Top Pick Restaurant Real Estate Agency Hotel & Motel Grocery & Convenience Store Law Firm Nail Salon

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

1

Dock-high doors

1

Drive-in doors

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,003

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Office in Omaha, NE

5.5% 2019

13.2% 2020

14.2% 2021

12.6% 2022

11.7% 2023

13.7% 2024

11.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Warehouse and office building featuring five offices and a fenced storage area with drive-in and dock doors.

Where is this flex space located?

The property is located at 4344 South 87th Street Omaha, NE.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Office area includes five offices plus reception, conference room, large file room, breakroom, and two restrooms; Entire office renovation completed in 2012; Warehouse has one 10’W x 12’H drive‑in door and one 8’ x 8’ dock door