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    3305-3384 88Th Plz Omaha, NE 68134
    Property profile & analytics

    3305-3384 88Th Plz, Omaha, NE 68134

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    • Warehouses
    • 125,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3305-3384 88Th Plz

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    NTD Warehouses offers exceptional industrial warehouse space in Omaha, Nebraska. This prime location boasts three single-story buildings totaling 125,000 square feet, situated at 3305-3384 88th Plaza, conveniently located just north of Maple Street on 88th and Keystone Drive, in Douglas County. Currently, 7,000 square feet of warehouse space is immediately available for lease. The buildings are zoned for General Industrial use, offering flexibility for a variety of businesses. Each building features a generous 23-foot ceiling height, providing ample vertical space for storage and operations. The minimum divisible space is 3,000 square feet, while the maximum contiguous space available is 4,000 square feet. This allows for adaptability to suit businesses of varying sizes. The property's address is 3305-3384 88th Plaza, Omaha, NE 68134. This location provides easy access to major transportation routes, making it an ideal choice for distribution and logistics companies. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0501
    Latitude
    41.2897

    Comparable in this City

    • Value Estimation by Request
      5,092 SF

      2728 84Th St

      Distribution properties
      2728 84Th St, Omaha, NE 68134
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    • Value Estimation
      $3,375,000
      29,200 SF

      6061 102nd St

      MINI-WAREHOUSE, STORAGE
      6061 102nd St, Omaha, NE 68134-1064
      View Details
    • Value Estimation
      $1,565,000
      15,288 SF

      3404 Keystone Dr

      MINI-WAREHOUSE, STORAGE
      3404 Keystone Dr, Omaha, NE 68134
      View Details
    • Value Estimation
      $1,130,000
      10,488 SF

      3353 Keystone Dr

      MINI-WAREHOUSE, STORAGE
      3353 Keystone Dr, Omaha, NE 68134-4854
      View Details
    • Value Estimation
      $740,000
      8,375 SF

      2901 84th St

      MINI-WAREHOUSE, STORAGE
      2901 84th St, Omaha, NE 68134
      View Details
    • Value Estimation by Request
      4,170 SF

      8502 Maple St

      MINI-WAREHOUSE, STORAGE
      8502 Maple St, Omaha, NE 68134-6229
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,250 SF

      Industrial Building in Keystone Park

      Freestanding industrial building in Keystone Industrial Park for sale.
      2015 N 84Th St, Omaha, NE 68134
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    • Contact for pricing

      Commercial Pad Site For Sale

      0.54 acre pad site with excellent access.
      2310 N 90Th St, Omaha, NE 68134
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    • Contact for pricing

      Specialty Property For Sale

      Commercial property with water conditioning products and cooler rentals.
      3365 N 88Th Plz, Omaha, NE 68134
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    • Contact for pricing
      300 SF

      Land For Sale

      Land available for sale.
      2220 N 90Th St, Omaha, NE 68134
      View Details
    • Contact for pricing
      11,880 SF

      Former Retail Building on Corner

      Freestanding building with potential for retail or religious use.
      9313 Binney St, Omaha, NE 68134
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    • Contact for pricing
      25,690 SF

      NNN Leased Office Building

      Two-story office building 100% NNN leased by State of Nebraska.
      9218 Bedford Ave, Omaha, NE 68134
      View Details

    Similar Nearby for Lease

    • $15,000 /Mo

      Warehouse Rental with Yard

      Industrial warehouse offering a sizable lot for practical outdoor operations and efficient tenant workflow.
      2015-2205 N 88Th St, Omaha, NE 68134
      View Details
    • Contact for pricing
      31,000 SF

      Omaha Warehouse with Quick I-80 Access

      31,000 SF warehouse with four docks and full conditioning.
      4130 S 94Th St, Omaha, NE 68134
      View Details
    • $6 SF/Yr

      Flex Space with Dock-High Access

      Well-located flex/industrial space with two dock-high doors, A/C, and quick I-680 access for warehousing and service use.
      2720 N 84Th St, Omaha, NE 68134
      View Details
    • $2,500,000

      Hard-to-Find Industrial Warehouse

      Industrial warehouse offering ample outside storage and floor drains, positioned about a mile to I-680.
      2015 N 88Th St, Omaha, NE 68134
      View Details
    • $11 SF/Yr

      Office Flex Warehouse with Drive-In

      Office flex space with two 8' x 8' drive-in doors and flexible demising options for multi-year occupancy.
      6004-6008 Wenninghoff Rd, Omaha, NE 68134
      View Details
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    Omaha, NE 68134
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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