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Distribution Center with Dock Doors
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4808 G St, Omaha, NE 68117

Clean, well-maintained industrial facility with warehouse, office, freezer, parking, and circulation across a substantial site.

Property Size59,680 SF
Lot Size4.45 Acres
Price / SF$123.99
Days on Market106

Property Features for 4808 G St

General Information

Standard status Active
Size 59,680 SF
Lot size 4.45 Acres
Property subtype INDUSTRIAL

Site & Location

Highway Access Yes
Road Access Yes

Warehouse & Industrial

Clear Height 22.5 ft
Warehouse Space 49,560 SF
Office Build-Out 5,470 SF
Dock-High Doors 16
Drive-In Doors 1
Column Spacing 40 x 40 ft
Cold Storage Yes
Freezer 10,584 SF

Building Details

Buildings 1
Building Size 59,680 SF
Listing Agency: NAI NP Dodge
Listed By: Trenton B Magid · License #0940286
Source: Moodyscre
Added: May 21 Changed: Sep 3 Last Checked: Sep 2 at 3:58PM

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.

This 59,680-square-foot distribution center includes 5,470 square feet of office space and 49,560 square feet of warehouse and distribution space. The warehouse features 16 dock-high doors, one drive-in door, 20- to 22.5-foot ceiling heights, and 40-by-40-foot column spacing. A non-structural, removable 10,584-square-foot freezer area is included within the warehouse. The building is described as very clean and well-maintained.

The 4.449-acre site provides four curb cuts, drive access around the building, and plenty of parking. The property offers access to 50th & G Street, a fully signaled intersection, as well as Interstate 80 access at 42nd and 60th Streets. The facility is immediately available.

Key Highlights

  • 59,680‑square‑foot industrial distribution building
  • 5,470 square feet of office space and 49,560 square feet of warehouse/distribution space
  • 16 dock‑high doors plus 1 drive‑in door

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
$607,841
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
8.21%
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%
$12,156,820 $12.2M
Cap Rate 7%
$8,683,443 $8.7M
Cap Rate 9%
$6,753,789 $6.8M
Market Conditions
NOI Build-Up for 59,680 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
$895.2K $15.00/SF
− Vacancy
−$26.9K −$0.45/SF
EGI
$868.3K $14.55/SF
− OpEx
−$260.5K −$4.36/SF
NOI
$607.8K $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 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%
$12,156,820
Cap Rate 7%
$8,683,443
Cap Rate 9%
$6,753,789

Alternative Uses

Best Use
Office B
$11.66M
$10.20M – $13.60M (±1% cap)
NOI $815,896 @ 7.0% cap · market cap 11.03%
Second Best
Warehouse
$10.54M
$9.23M – $12.30M (±1% cap)
NOI $738,092 @ 7.0% cap · market cap 9.97%
Theoretical Best
Office A
$15.70M
$13.74M – $18.32M (±1% cap)
NOI $1,099,105 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Omaha Steaks Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Big Box & Wholesale Store Building Supply

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

22 ft
Clear height
16
Dock-high doors
1
Drive-in doors
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

604
Businesses Nearby

Demographics for 68117, NE

8,387
Population
3,258
Households
2.6
Avg Household Size
37
Median Age
15%
College-Educated
81%
High-School Grad
4.9 sq mi
ZIP Area
1,712
Density / Sq Mi
$73,860
Median Household Income
$41,279
Median Earnings
$1,328
Median Rent
$157,500
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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Distribution center - Clean, well-maintained industrial facility with warehouse, office, freezer, parking, and circulation across a substantial site.
Where is this distribution center located?
The property is located at 4808 G St Omaha, NE.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: 59,680‑square‑foot industrial distribution building; 5,470 square feet of office space and 49,560 square feet of warehouse/distribution space; 16 dock‑high doors plus 1 drive‑in door
(402) 510-5263 Call to check price and availability
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