Single-Tenant Retail
1003 & 847 S 24th Street, Omaha, NE 68108
For Sale
New
$2,000,000
A long-term tenant occupies the building, with an adjoining parking lot serving the property.
Property Size13,856 SF
Price / SF$144.34
Days on Market2
Property Features for 1003 & 847 S 24th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
NAI NP Dodge
Listed By:
Mary Purcell · License NE #20201301
(402) 514-7899
Source:
Nainpdodge
Added: Nov 8
Last Checked: Nov 8 at 3:15PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Omaha retail property comprises approximately 13,856 square feet in a single-unit building constructed in 1953. The building is occupied by a long-term tenant. Its prior large-format retail configuration supports a range of potential commercial uses, including showroom or nonprofit space.
The property fronts South 24th Street and includes a 0.41-acre parking lot immediately north of the building.
The property fronts South 24th Street and includes a 0.41-acre parking lot immediately north of the building.
Key Highlights
- Approximately 13,856 SF in a single‑unit retail building
- Occupied by a long‑term tenant
- 0.41‑acre parking lot immediately north of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,602
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,352,040
$3.4M
Cap Rate 7%
$2,394,314
$2.4M
Cap Rate 9%
$1,862,244
$1.9M
Market Conditions
NOI Build-Up for 13,856 SF
Gross rent
$249.4K $18.00/SF
− Vacancy
−$10.0K −$0.72/SF
EGI
$239.4K $17.28/SF
− OpEx
−$71.8K −$5.18/SF
NOI
$167.6K $12.10/SF
Area
Omaha, NE
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,352,040
Cap Rate 7%
$2,394,314
Cap Rate 9%
$1,862,244
Alternative Uses
Best Use
Retail
$2.39M
$2.10M – $2.79M
NOI $167,602 @ 7.0% cap · market cap 8.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.65M
$3.19M – $4.25M
NOI $255,181 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,690
Businesses Nearby
Explore this area
Business Placement
Demographics for 68108, NE
15,623
Population
6,084
Households
2.6
Avg Household Size
30
Median Age
24%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
4,734
Density / Sq Mi
$47,255
Median Household Income
$34,693
Median Earnings
$1,128
Median Rent
$124,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Omaha
Vacancy Rate% for Retail in Omaha, NE
Frequently Asked Questions
What type of property is this?
Retail space - A long-term tenant occupies the building, with an adjoining parking lot serving the property.
Where is this retail space located?
The property is located at 1003 & 847 S 24th Street Omaha, NE.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 13,856 SF in a single‑unit retail building; Occupied by a long‑term tenant; 0.41‑acre parking lot immediately north of the building
