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    Multi-Suite Office Building Title is generated by Realmo AI

    105 S 49TH ST, Omaha, NE 68132

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    Multi-suite office building with 15 suites, newer HVAC, and about 36 parking spaces for tenant and visitor access.

    Type:Multifamily, Mixed Use, Office
    Property size:
    6,854 SF
    Lot size:
    0.55 Acres
    Price / SF:
    $218/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 4:44 am

    Property Features for 105 S 49TH ST

    General Information

    Standard status
    Active
    Size
    6,854 SF
    Lot size
    0.55 Acres
    Property subtype
    Multifamily, Mixed Use, Office

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Michael George

    Listing agent Michael George License #NE 20160118

    Listing office Berkshire Hathaway HomeServices Ambassador Real Estate Omaha

    Listing date May 27, 2026

    Source Crexi

    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 Berkshire Hathaway HomeServices Ambassador Real Estate Omaha

    HighLights

    • Multi‑suite office building built in 1910 with 15 suites
    • Located on a 0.55‑acre lot with approximately 36 parking spaces for tenants and visitors
    • Newer HVAC installed
    • Offered as‑is, where‑is; most personal property to convey
    • Convenient access to UNMC, UNO Main/Scott Campuses, Aksarben, Omaha VA Hospital, Midtown Crossing, and Joslyn Art Museum/Castle & Gardens

    Overview

    This office building is configured as 15 individual suites across a single property site, offering multiple spaces within one ownership. The property sits on an approximately 0.55-acre lot with about 36 parking spaces. The building is noted to have newer HVAC. It is being sold As-Is, Where-Is, and most personal property is scheduled to convey. Rent rolls will be provided upon request.

    The location is described as being within minutes of UNMC, UNO Main/Scott Campuses, Aksarben, Omaha VA Hospital, Midtown Crossing, and Joslyn Art Museum/Castle & Gardens. The remarks also indicate easy transit to I-75, I-680, Hwy 75, Downtown, and Eppley Airfield.

    For buyers, the multi-suite configuration can support operations requiring separate offices or tenants under one building management structure. Alternatively, the seller’s remarks indicate the property can be approached for redevelopment while the building continues to operate in the near term. A 1031 exchange is indicated for the seller, and the co-listing agent is stated to have equity in the property.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $143.1k $20.88
    − Vacancy −$18.2k −$2.65
    EGI $124.9k $18.23
    − OpEx −$31.2k −$4.56
    NOI $93.7k $13.67
    6,854 SF · lease $20.88/SF/yr · vacancy 12.70% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.34M
    $1.17M – $1.56M (±1% cap)
    NOI $93,702 @ 7.0% cap · market cap 6.25%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.80M
    $1.58M – $2.10M (±1% cap)
    NOI $126,228 @ 7.0% cap · market cap 8.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Moy Yat Ving ... Sports School Voice of Hope Counseling Crisis Center Sexy Visage Makeup ... Cosmetic Store Always & Forever Music ... Nightclub Purely Therapeutic Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.9875199
    Latitude
    41.2591481

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    FAQs

    What type of property is this?
    Office units - Multi-suite office building with 15 suites, newer HVAC, and about 36 parking spaces for tenant and visitor access.
    Where is this office units located?
    The property is located at 105 S 49TH ST Omaha, NE.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Multi‑suite office building built in 1910 with 15 suites; Located on a 0.55‑acre lot with approximately 36 parking spaces for tenants and visitors; Newer HVAC installed
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael George
    Real Estate License ID: NE 20160118
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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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