Warehouse with Multiple Drive
For Sale
Contact for pricing
5905-5921 F St, Omaha, NE 68117
Industrial warehouse with a paint booth, floor drains, and fenced outdoor storage plus office space.
Property Size22,139 SF
Price / SF$158.09
Days on Market175
Property Features for 5905-5921 F St
General Information
Standard status
Active
Size
22,139 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
16,948 SF
Office Build-Out
5,191 SF
Drive-In Doors
15
Sprinkler System
Yes
Listing Agency:
NAI NP Dodge
(402) 980-4303
Listed By:
Todd Schneidewind · License #20130215
(402) 980-4303
Source:
Moodyscre
Added: Feb 12
Changed: Jul 30
Last Checked: Aug 6 at 7:29AM
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 warehouse property offers a strong owner-user setup with industrial warehouse space, a dedicated office area, and operational support features. The facility includes 16,948 SF of warehouse space and 5,191 SF of office space, along with 15 drive doors. Interior improvements include a paint booth and floor drains, supported by a fire suppression system.
The property also provides 1.7 acres of fenced outdoor storage, making it suitable for equipment and material staging. Quick access to I-80 supports logistics and daily operations, and the listing notes a Scooters ground lease.
With a total size of 22,139 SF, this is a purpose-built industrial option for teams looking for both warehouse functionality and on-site office space.
The property also provides 1.7 acres of fenced outdoor storage, making it suitable for equipment and material staging. Quick access to I-80 supports logistics and daily operations, and the listing notes a Scooters ground lease.
With a total size of 22,139 SF, this is a purpose-built industrial option for teams looking for both warehouse functionality and on-site office space.
Key Highlights
- 16,948 SF warehouse space plus 5,191 SF office space
- 15 drive doors for flexible receiving and dispatch
- Paint booth and floor drains as part of the warehouse setup
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
$302,666
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
8.65%
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%
$6,053,320
$6.1M
Cap Rate 7%
$4,323,800
$4.3M
Cap Rate 9%
$3,362,956
$3.4M
Market Conditions
NOI Build-Up for 22,139 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
$462.3K $20.88/SF
− Vacancy
−$58.7K −$2.65/SF
EGI
$403.6K $18.23/SF
− OpEx
−$100.9K −$4.56/SF
NOI
$302.7K $13.67/SF
Area
Omaha, NE
Vacancy
12.70%
Lease Rate
$20.88 /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%
$6,053,320
Cap Rate 7%
$4,323,800
Cap Rate 9%
$3,362,956
Alternative Uses
Best Use
Office B
$4.32M
$3.78M – $5.04M
NOI $302,666 @ 7.0% cap · market cap 8.65%
Second Best
Warehouse
$3.91M
$3.42M – $4.56M
NOI $273,804 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$5.82M
$5.10M – $6.80M
NOI $407,726 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with a paint booth, floor drains, and fenced outdoor storage plus office space.
Where is this warehouse located?
The property is located at 5905-5921 F St Omaha, NE.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 16,948 SF warehouse space plus 5,191 SF office space; 15 drive doors for flexible receiving and dispatch; Paint booth and floor drains as part of the warehouse setup
