Renovated Flex
New
For Sale
$2,543,750
8906 L St, Omaha, NE 68127
Renovated flex property with General Industrial zoning and drive-in access.
Property Size13,740 SF
Price / SF$185.13
Days on Market2
Property Features for 8906 L St
General Information
Standard status
Active
Size
13,740 SF
Property subtype
Industrial
Zoning
GI
Occupancy
100%
Additional Details
Drive-In Doors
5
Building Details
Building Size
13,740 SF
Year Built
1965
Year Renovated
2015
Buildings
3
Listing Agency:
NAI NP Dodge
Listed By:
Todd Schneidewind · License #20130215
(402) 980-4303
Source:
Naiglobal
Added: Sep 12
Last Checked: Sep 13 at 7:25AM
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 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.
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 = 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
$169,929
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
6.68%
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%
$3,398,580
$3.4M
Cap Rate 7%
$2,427,557
$2.4M
Cap Rate 9%
$1,888,100
$1.9M
Market Conditions
NOI Build-Up for 13,740 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
$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 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%
$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
NOI $169,929 @ 7.0% cap · market cap 6.68%
Second Best
Flex RnD
$2.04M
$1.78M – $2.38M
NOI $142,539 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$3.61M
$3.16M – $4.22M
NOI $253,045 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Omaha, NE
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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
