Renovated Warehouse with Office
4545 South 119th Circle Omaha, NE 68137
For Sale
$5,862,640
40,432 SF warehouse with renovated office space for sale.
Property Size40,432 SF
Price / SF$145
Days on Market126
Property Features for 4545 South 119th Circle
General Information
Standard status
Active
Size
40,432 SF
Property subtype
Industrial
Listing Agency:
(402) 697-5823
Listed By:
MICHAEL KAUFMAN
(402) 697-5823
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 27 at 9:23AM
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 MICHAEL KAUFMAN
Investment Insights
Based on property information with market context.
This 40,432 square foot commercial property features a 36,352 square foot warehouse and 4,080 square feet of office space. The office area has been newly renovated and includes 10 executive/administrative offices and a training/board room. The warehouse is equipped with radiant heat and substantial power capabilities. Warehouse racking systems are available. The property benefits from general industrial zoning, which allows for a wide variety of uses. Deferred maintenance has been addressed. This property presents a rare opportunity for an owner/user.
Key Highlights
- Rare owner/user opportunity
- $100,000 Discount if Buyer Closes Within 60 Days
- Newly renovated office and updated deferred maintenance
Financial Insights For Warehouse
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 | $606.5k | $15.00 |
| − Vacancy | −$18.2k | −$0.45 |
| EGI | $588.3k | $14.55 |
| − OpEx | −$88.2k | −$2.18 |
| NOI | $500.0k | $12.37 |
40,432 SF · lease $15.00/SF/yr · vacancy 3.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$7.90M
$6.91M – $9.21M
NOI $552,753 @ 7.0% cap · market cap 9.43%
Second Best
Warehouse
$7.14M
$6.25M – $8.33M
NOI $500,043 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$10.64M
$9.31M – $12.41M
NOI $744,622 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Milt's Mini Storage® — 11425 P St, Omaha, NE 68137
- Contain-It Self Storage — 5055 S 111th St, Omaha, NE 68137
- Storage Depot — 4202 S 120th St, Omaha, NE 68137
- Storage Depot — 11634 I St, Omaha, NE 68137
- Ford Storage — 12500 F Plz, Omaha, NE 68137
Frequently Asked Questions
What type of property is this?
Warehouse - 40,432 SF warehouse with renovated office space for sale.
Where is this warehouse located?
The property is located at 4545 South 119th Circle Omaha, NE.
What is the asking price?
The asking price for this property is $5,862,640.
What are key features of this property?
This property features: Rare owner/user opportunity; $100,000 Discount if Buyer Closes Within 60 Days; Newly renovated office and updated deferred maintenance
