Flex Building with
5955 South 118th Circle, Omaha, NE 68137
For Sale
Contact for pricing
Office, showroom, warehouse, and mezzanine space are paired with a full kitchen and employee amenities.
Property Size7,261 SF
Lot Size0.81 Acres
Price / SF$178.35
Days on Market12
Property Features for 5955 South 118th Circle
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Warehouse & Industrial
Clear Height
Warehouse Space
Mezzanine
Additional Details
Property Use
Amenities
conference room
full kitchen
lunch room
shower
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Berkshire Hathaway HomeServices Ambassador Real Estate Omaha
Listed By:
Andy Mixan · License NE #20180405
(402) 690-9095
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 4:56PM
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 HomeServices Ambassador Real Estate Omaha
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Investment Insights
Based on property information with market context.
This 7,261-square-foot flex property on 0.81 acres combines office and customer-facing areas with substantial warehouse capacity. The main floor includes four private offices, a 200-square-foot conference room, and a 535-square-foot showroom. A new HVAC system serves the office area. The warehouse measures nearly 3,700 square feet, with 15.5-foot clear height and a 12-foot overhead door; radiant heat and ceiling fans serve the space. A mezzanine adds more than 1,000 square feet, including two offices and an open area. Staff amenities include a full kitchen, lunch room, three restrooms, and a shower. The building was constructed in 2001.
The property is in Gateway I-80 Business Park, near I-80, with access to Omaha and the greater metro area.
The property is in Gateway I-80 Business Park, near I-80, with access to Omaha and the greater metro area.
Key Highlights
- 7,261 SF building on 0.81 acres; built in 2001
- Nearly 3,700 SF of warehouse with 15.5' clear height and a 12' overhead door
- Office area has a new HVAC system installed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,800
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,796,000
$1.8M
Cap Rate 7%
$1,282,857
$1.3M
Cap Rate 9%
$997,778
$997.8K
Market Conditions
NOI Build-Up for 7,261 SF
Gross rent
$108.9K $15.00/SF
− Vacancy
−$3.3K −$0.45/SF
EGI
$105.6K $14.55/SF
− OpEx
−$15.8K −$2.18/SF
NOI
$89.8K $12.37/SF
Area
Omaha, NE
Vacancy
3.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,796,000
Cap Rate 7%
$1,282,857
Cap Rate 9%
$997,778
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,800 @ 7.0% cap · market cap 6.93%
Second Best
Flex RnD
$1.08M
$941.6K – $1.26M
NOI $75,326 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,723 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
15 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68137, NE
26,537
Population
10,834
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,159
Density / Sq Mi
$82,256
Median Household Income
$49,784
Median Earnings
$1,337
Median Rent
$232,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Omaha, NE
Properties on Market for Flex space in Omaha
Vacancy Rate% for Industrial in Omaha, NE
Frequently Asked Questions
What type of property is this?
Flex space - Office, showroom, warehouse, and mezzanine space are paired with a full kitchen and employee amenities.
Where is this flex space located?
The property is located at 5955 South 118th Circle Omaha, NE.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 7,261 SF building on 0.81 acres; built in 2001; Nearly 3,700 SF of warehouse with 15.5' clear height and a 12' overhead door; Office area has a new HVAC system installed in 2026
