I-1 Industrial
For Sale
Contact for pricing
8840 South 137th Circle, Omaha, NE 68138
Industrial warehouse property with an occupied tenant area and sale or lease availability.
Property Size50,800 SF
Price / SF$170
Days on Market8
Property Features for 8840 South 137th Circle
General Information
Standard status
Active
Size
50,800 SF
Total Parking Spaces
80
Property subtype
Industrial
Zoning
I-1
Lease Type
NNN
Building Details
Year Built
1997
Buildings
1
Stories
1
Tenancy
Multi
Building Size
50,800 SF
Listing Agency:
CBRE - Omaha
(402) 697-5814
Listed By:
Graham Nabity · License #NE 20170486
Source:
Crexi
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 6 at 10:57AM
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 CBRE - Omaha
Investment Insights
Based on property information with market context.
The property is a 50,800-square-foot warehouse building constructed in 1997 and classified under I-1 zoning. An 10,800-square-foot portion is occupied by Superior Door, creating an existing tenant component within the facility.
Located at 8840 South 137th Circle in Omaha, Nebraska, the building is offered for sale or lease. The property’s warehouse classification and industrial zoning support its commercial operating profile.
Located at 8840 South 137th Circle in Omaha, Nebraska, the building is offered for sale or lease. The property’s warehouse classification and industrial zoning support its commercial operating profile.
Key Highlights
- 50,800 SF warehouse building
- 10,800 SF occupied by Superior Door
- I‑1 zoning
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
$628,269
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%
$12,565,380
$12.6M
Cap Rate 7%
$8,975,271
$9.0M
Cap Rate 9%
$6,980,767
$7.0M
Market Conditions
NOI Build-Up for 50,800 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
$762.0K $15.00/SF
− Vacancy
−$22.9K −$0.45/SF
EGI
$739.1K $14.55/SF
− OpEx
−$110.9K −$2.18/SF
NOI
$628.3K $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 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%
$12,565,380
Cap Rate 7%
$8,975,271
Cap Rate 9%
$6,980,767
Alternative Uses
Best Use
Warehouse
$8.98M
$7.85M – $10.47M
NOI $628,269 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.37M
$11.69M – $15.59M
NOI $935,565 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 68138, NE
12,327
Population
4,889
Households
2.5
Avg Household Size
35
Median Age
37%
College-Educated
97%
High-School Grad
11.1 sq mi
ZIP Area
1,111
Density / Sq Mi
$82,555
Median Household Income
$46,595
Median Earnings
$1,149
Median Rent
$222,700
Median Home Value
Market
Vacancy Rate% for Industrial in Omaha, NE
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- South Pacific Storage — 13401 Giles Rd, Omaha, NE 68138
- Peak 5 Packaging LLC — 8550 S 137th Cir, Omaha, NE 68138
- UNITS Moving and Portable Storage of Omaha — 14565 Portal Cir #107, La Vista, NE 68138
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property with an occupied tenant area and sale or lease availability.
Where is this warehouse located?
The property is located at 8840 South 137th Circle Omaha, NE.
What is the asking price?
The asking price for this property is $8,636,000.
What are key features of this property?
This property features: 50,800 SF warehouse building; 10,800 SF occupied by Superior Door; I‑1 zoning
