Lincoln Industrial Building For
For Sale
$2,775,000
5201 S 19th St, Lincoln, NE 68512
Industrial building with warehouse, office, and mezzanine space for sale.
Property Size23,209 SF
Price / SF$141.29
Days on Market83
Property Features for 5201 S 19th St
General Information
Standard status
Active
Size
23,209 SF
Property subtype
Factory
Building Details
Building Size
23,209 SF
Year Built
1985
Listing Agency:
NAI NP Dodge
(402) 255-6076
Listed By:
Trenton B. Magid · License #0940286
(402) 255-6076
Source:
Thebrokerlist
Added: May 18
Changed: Aug 8
Last Checked: Jul 16 at 3:27AM
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 industrial building, located in Lincoln, NE at S 19th & Cushman Drive, is available for sale. The property includes approximately 19,641 square feet of warehouse space and 3,568 square feet of office space. It also features 2,043 square feet of bonus mezzanine space. Access is provided by three 9'W x 10'H drive-in doors, one 10'W x 12'H drive-in door, and four 8' x 8' dock doors.
Key Highlights
- Substantial warehouse space: Approximately 19,641 SF.
- Significant office space: 3,568 SF.
- Multiple loading options: Four (4) dock doors and four (4) drive‑in doors.
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
$232,204
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
8.37%
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%
$4,644,080
$4.6M
Cap Rate 7%
$3,317,200
$3.3M
Cap Rate 9%
$2,580,044
$2.6M
Market Conditions
NOI Build-Up for 19,641 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
$280.5K $14.28/SF
− Vacancy
−$7.3K −$0.37/SF
EGI
$273.2K $13.91/SF
− OpEx
−$41.0K −$2.09/SF
NOI
$232.2K $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%
$4,644,080
Cap Rate 7%
$3,317,200
Cap Rate 9%
$2,580,044
Alternative Uses
Best Use
Warehouse
$3.32M
$2.90M – $3.87M
NOI $232,204 @ 7.0% cap · market cap 8.37%
Second Best
Industrial
$2.73M
$2.39M – $3.19M
NOI $191,227 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$4.82M
$4.21M – $5.62M
NOI $337,058 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 68512, NE
13,492
Population
5,898
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
98%
High-School Grad
9.1 sq mi
ZIP Area
1,483
Density / Sq Mi
$101,828
Median Household Income
$54,503
Median Earnings
$1,242
Median Rent
$295,900
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?
Manufacturing property - Industrial building with warehouse, office, and mezzanine space for sale.
Where is this manufacturing property located?
The property is located at 5201 S 19th St Lincoln, NE.
What is the asking price?
The asking price for this property is $2,775,000.
What are key features of this property?
This property features: Substantial warehouse space: Approximately 19,641 SF.; Significant office space: 3,568 SF.; Multiple loading options: Four (4) dock doors and four (4) drive‑in doors.
