Listing Agency: CBRE - Corporate

Listed By: MICHAEL KAUFMAN Show Phone

Source: Cbre

Added: Mar 25 Changed: Oct 26 Last Checked: Oct 26 at 12:37PM

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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

Estimated NOI and Cap Rate

NOI / Yr

$411,800

Cap Rate

8.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,236,000 $8.2M

Cap Rate 7%

$5,882,857 $5.9M

Cap Rate 9%

$4,575,556 $4.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 40,432 SF

Gross rent

$606.5K $15.00/SF

− Vacancy

−$18.2K −$0.45/SF

EGI

$588.3K $14.55/SF

− OpEx

−$176.5K −$4.36/SF

NOI

$411.8K $10.18/SF

Area

Omaha, NE

Vacancy

3.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,236,000

Cap Rate 7%

$5,882,857

Cap Rate 9%

$4,575,556

Alternative Uses

Best Use

Office B

$7.90M

$6.91M – $9.21M (±1% cap)

NOI $552,753 @ 7.0% cap · market cap 11.17%

Second Best

Warehouse

$7.14M

$6.25M – $8.33M (±1% cap)

NOI $500,043 @ 7.0% cap · market cap 10.10%

Theoretical Best

Office A

$10.64M

$9.31M – $12.41M (±1% cap)

NOI $744,622 @ 7.0% cap · market cap 15.04%

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

Office Units

Suggested Use

Top Pick Dental Office Real Estate Agency Hair Salon Law Firm Skin Care Clinic 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.

Location Intelligence

Trade Area within ½ mile

760

Businesses Nearby

Well-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

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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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
• Ford Storage — 12500 F Plz, Omaha, NE 68137
• Storage Depot — 4202 S 120th St, Omaha, NE 68137
• Storage Depot — 11634 I St, 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 $4,950,000.

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