Industrial Distribution Building with
For Sale
Contact for pricing
4800 N 48th Street, Lincoln, NE 68504
Warehouse/distribution facility with 10 dock doors, five drive-in doors, and 24' ceiling height.
Property Size40,000 SF
Price / SF$215
Days on Market124
Property Features for 4800 N 48th Street
General Information
Standard status
Active
Size
40,000 SF
Total Parking Spaces
11
Property subtype
Industrial
Zoning
Industrial (I1)
Occupancy
60%
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
24 ft
Dock-High Doors
10
Drive-In Doors
5
Additional Details
Highway Access
Yes
Building Details
Year Built
1993
Buildings
2
Tenancy
Multi
Listing Agency:
Colliers - Omaha, Nebraska
(402) 345-5866
Listed By:
Amy Olson · License #20160434
Source:
Crexi
Added: Apr 10
Changed: Aug 7
Last Checked: Aug 10 at 4:22PM
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 Colliers - Omaha, Nebraska
Investment Insights
Based on property information with market context.
This industrial property offers flexible configurations suitable for warehouse, distribution, or light industrial use. Currently, 24,000 square feet is available for immediate occupancy, with an additional 16,000 square feet of contiguous space becoming available in September 2026 to allow for occupancy of the full 40,000 square feet. The building is designed for loading and shipping efficiency, featuring 10 dock doors and five drive-in doors. With a 24' ceiling height, the space supports substantial vertical storage. The building includes four restrooms, and the occupied portion contains a small receiving office.
The property is strategically located with convenient access to I-80, supporting transportation and logistics operations.
The property is strategically located with convenient access to I-80, supporting transportation and logistics operations.
Key Highlights
- 40,000 SF industrial building (built 1993) offered for lease or sale with flexible warehouse/distribution/light industrial configurations
- 24,000 SF available for immediate occupancy, plus an additional 16,000 SF contiguous space available in September 2026 (option to occupy full 40,000 SF)
- Loading capacity includes 10 dock doors and five drive‑in doors for loading and shipping operations
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
$472,896
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
5.50%
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%
$9,457,920
$9.5M
Cap Rate 7%
$6,755,657
$6.8M
Cap Rate 9%
$5,254,400
$5.3M
Market Conditions
NOI Build-Up for 40,000 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
$571.2K $14.28/SF
− Vacancy
−$14.9K −$0.37/SF
EGI
$556.3K $13.91/SF
− OpEx
−$83.5K −$2.09/SF
NOI
$472.9K $11.82/SF
Area
Lincoln, NE
Vacancy
2.60%
Lease Rate
$14.28 /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%
$9,457,920
Cap Rate 7%
$6,755,657
Cap Rate 9%
$5,254,400
Alternative Uses
Best Use
Warehouse
$6.76M
$5.91M – $7.88M
NOI $472,896 @ 7.0% cap · market cap 5.50%
Second Best
Industrial
$5.56M
$4.87M – $6.49M
NOI $389,444 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$9.81M
$8.58M – $11.44M
NOI $686,438 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
10
Dock-high doors
5
Drive-in doors
60%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68504, NE
17,155
Population
8,793
Households
2
Avg Household Size
31
Median Age
33%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
2,451
Density / Sq Mi
$52,159
Median Household Income
$32,787
Median Earnings
$1,014
Median Rent
$169,000
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?
Warehouse - Warehouse/distribution facility with 10 dock doors, five drive-in doors, and 24' ceiling height.
Where is this warehouse located?
The property is located at 4800 N 48th Street Lincoln, NE.
What is the asking price?
The asking price for this property is $8,600,000.
What are key features of this property?
This property features: 40,000 SF industrial building (built 1993) offered for lease or sale with flexible warehouse/distribution/light industrial configurations; 24,000 SF available for immediate occupancy, plus an additional 16,000 SF contiguous space available in September 2026 (option to occupy full 40,000 SF); Loading capacity includes 10 dock doors and five drive‑in doors for loading and shipping operations
