Omaha Warehouse Space For
For Sale
$4,413,978
8843 South 137th Circle, Omaha, NE 68138
32,840 square foot warehouse available in Omaha, Nebraska.
Property Size32,840 SF
Price / SF$134.41
Days on Market273
Property Features for 8843 South 137th Circle
General Information
Standard status
Active
Size
32,840 SF
Property subtype
FlexIndustrial
Listing Agency:
The Lund Company
(402) 697-5814
Listed By:
Graham Nabity
(402) 697-5814
Source:
Cbre
Added: Nov 24, 2025
Changed: Aug 23
Last Checked: Aug 22 at 7:53AM
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 The Lund Company
Investment Insights
Based on property information with market context.
This industrial property features a warehouse space of 32,840 square feet and is located in Omaha, Nebraska.
Key Highlights
- 32,840 square foot warehouse
- Located in Omaha, Nebraska
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
$406,149
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
9.20%
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%
$8,122,980
$8.1M
Cap Rate 7%
$5,802,129
$5.8M
Cap Rate 9%
$4,512,767
$4.5M
Market Conditions
NOI Build-Up for 32,840 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
$492.6K $15.00/SF
− Vacancy
−$14.8K −$0.45/SF
EGI
$477.8K $14.55/SF
− OpEx
−$71.7K −$2.18/SF
NOI
$406.1K $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%
$8,122,980
Cap Rate 7%
$5,802,129
Cap Rate 9%
$4,512,767
Alternative Uses
Best Use
Warehouse
$5.80M
$5.08M – $6.77M
NOI $406,149 @ 7.0% cap · market cap 9.20%
Second Best
Industrial
$4.78M
$4.18M – $5.57M
NOI $334,475 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$8.64M
$7.56M – $10.08M
NOI $604,802 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Industrial property - 32,840 square foot warehouse available in Omaha, Nebraska.
Where is this industrial property located?
The property is located at 8843 South 137th Circle Omaha, NE.
What is the asking price?
The asking price for this property is $4,413,978.
What are key features of this property?
This property features: 32,840 square foot warehouse; Located in Omaha, Nebraska
