Building Details

Building Size 13,740 SF

Year Built 1965

Year Renovated 2015

Buildings 3

Listed By: Todd Schneidewind · License #NE 20130215 Show Phone

Source: Naiglobal

Added: Sep 12 Last Checked: Oct 28 at 7:19AM

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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 Todd Schneidewind

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Investment Insights

Based on property information with market context.

This flex property comprises three buildings totaling 13,740 SF. The improvements were renovated in 2015 and include five drive-in doors, providing functional access for industrial operations, storage, and manufacturing uses. General Industrial zoning supports the property’s industrial-oriented configuration.

Built in 1965, the property is located at 8906 L St in Omaha, Nebraska. The three-building layout offers a practical platform for an owner-user or industrial operator, subject to applicable zoning and occupancy requirements.

Key Highlights

• Three buildings totaling 13,740 SF
• Renovated in 2015
• Five drive‑in doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$169,929

Cap Rate

6.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,398,580 $3.4M

Cap Rate 7%

$2,427,557 $2.4M

Cap Rate 9%

$1,888,100 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,740 SF

Gross rent

$206.1K $15.00/SF

− Vacancy

−$6.2K −$0.45/SF

EGI

$199.9K $14.55/SF

− OpEx

−$30.0K −$2.18/SF

NOI

$169.9K $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%

$3,398,580

Cap Rate 7%

$2,427,557

Cap Rate 9%

$1,888,100

Alternative Uses

Best Use

Warehouse

$2.43M

$2.12M – $2.83M (±1% cap)

NOI $169,929 @ 7.0% cap · market cap 6.68%

Second Best

Flex RnD

$2.04M

$1.78M – $2.38M (±1% cap)

NOI $142,539 @ 7.0% cap · market cap 5.60%

Theoretical Best

Office A

$3.61M

$3.16M – $4.22M (±1% cap)

NOI $253,045 @ 7.0% cap · market cap 9.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Neuman Equipment Co General Contractor

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hotel & Motel Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Drive-in doors

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

1,221

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 68127, NE

22,507

Population

10,435

Households

2.2

Avg Household Size

35

Median Age

35%

College-Educated

92%

High-School Grad

6.4 sq mi

ZIP Area

3,517

Density / Sq Mi

$65,331

Median Household Income

$42,372

Median Earnings

$1,040

Median Rent

$230,500

Median Home Value

Market

Vacancy Rate% for Industrial in Omaha, NE

1.9% 2019

3.4% 2020

3% 2021

2.2% 2022

2.2% 2023

3.2% 2024

2.5% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Renovated flex property with General Industrial zoning and drive-in access.

Where is this flex space located?

The property is located at 8906 L St Omaha, NE.

What is the asking price?

The asking price for this property is $2,543,750.

What are key features of this property?

This property features: Three buildings totaling 13,740 SF; Renovated in 2015; Five drive‑in doors