Building Details

Year Built 1981

Tenancy Single

Listing Agency: Berkshire Hathaway HS | Ambassador Real Estate Commercial Division M***@BHHSAmbCommercial.Com Show Phone

Listed By: Danielle Huston · License #20230163

Source: Crexi

Added: Jun 12 Changed: Aug 8 Last Checked: Aug 11 at 4:08PM

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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 Berkshire Hathaway HS | Ambassador Real Estate Commercial Division

Investment Insights

Based on property information with market context.

Set on more than 10 acres, this property is suited for businesses that need both space and functional support buildings. A fully renovated berm earth home includes an attached two-car area, along with a detached 48x42 shop/equipment building designed for larger “big toys” storage. An additional 1,920 SF berm house is included as part of the offering.

The industrial component features a large 6,000 SF warehouse with a parts security mezzanine, plus an operational offices complex with bathrooms and a kitchenette/break room. The combination of warehouse, mezzanine storage, and on-site office amenities supports day-to-day work alongside vehicle and equipment staging or inventory storage.

For tenants, buyers, or operators, the layout offers practical flexibility for a range of uses involving equipment, vehicles, parts, and materials. The on-site office space allows administrative needs to remain close to warehouse operations, while the shop and berm home components provide additional enclosed storage options for larger items. The property is located in Martell, Nebraska at 5205 & 5201 W Roca Rd.

Key Highlights

• 10+ acres with a 6,000 SF industrial warehouse for storage and operations
• Fully renovated berm earth house with an included 1,920 SF Berm house
• Detached 48x42 shop plus attached 2‑car for vehicle and “big toys” storage

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

$54,529

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

7.27%

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%

$1,090,580 $1.1M

Cap Rate 7%

$778,986 $779.0K

Cap Rate 9%

$605,878 $605.9K

Market Conditions

NOI Build-Up for 6,000 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

$79.2K $13.20/SF

− Vacancy

−$6.5K −$1.08/SF

EGI

$72.7K $12.12/SF

− OpEx

−$18.2K −$3.03/SF

NOI

$54.5K $9.09/SF

Area

Lancaster County, NE

Vacancy

8.20%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

25.00%

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%

$1,090,580

Cap Rate 7%

$778,986

Cap Rate 9%

$605,878

Alternative Uses

Best Use

Office B

$779.0K

$681.6K – $908.8K (±1% cap)

NOI $54,529 @ 7.0% cap · market cap 7.27%

Second Best

Warehouse

$583.2K

$510.3K – $680.4K (±1% cap)

NOI $40,825 @ 7.0% cap · market cap 5.44%

Theoretical Best

Office A

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $102,966 @ 7.0% cap · market cap 13.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Pet Grooming Service Accounting Firm

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

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 68404, NE

1,043

Population

429

Households

2.4

Avg Household Size

46

Median Age

35%

College-Educated

98%

High-School Grad

50.3 sq mi

ZIP Area

21

Density / Sq Mi

$95,208

Median Household Income

$63,313

Median Earnings

$293,800

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Set on 10+ acres, the property combines a 6,000 SF warehouse, offices, and renovated berm house for multi-use storage and operations.

Where is this warehouse located?

The property is located at 5205 & 5201 W Roca Rd Martell, NE.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 10+ acres with a 6,000 SF industrial warehouse for storage and operations; Fully renovated berm earth house with an included 1,920 SF Berm house; Detached 48x42 shop plus attached 2‑car for vehicle and “big toys” storage