Multi-Tenant Office
For Sale
$2,223,000
10675 Bedford Avenue, Omaha, NE 68134
Multi-tenant office building offering stable occupancy and strong interstate access and visibility.
Property Size13,792 SF
Price / SF$161.18
Days on Market148
Property Features for 10675 Bedford Avenue
General Information
Standard status
Active
Size
13,792 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
interstate access
visibility
Building Details
Year Built
1998
Listing Agency:
Investors Realty Inc
Listed By:
Mike Rensch · License #20090079
(402) 778-7534
Source:
Investorsomaha
Added: Apr 11
Changed: Sep 3
Last Checked: Sep 5 at 6:01AM
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 Investors Realty Inc
Investment Insights
Based on property information with market context.
This multi-tenant office building is offered for sale as a stable investment, with high occupancy and little turnover based on the information provided. The property is positioned as a straightforward office asset for buyers seeking established tenancy.
The seller highlights great interstate access and visibility, which can support day-to-day accessibility and building exposure for tenant operations.
Additional details on unit mix, building size, and interior improvements were not provided.
The seller highlights great interstate access and visibility, which can support day-to-day accessibility and building exposure for tenant operations.
Additional details on unit mix, building size, and interior improvements were not provided.
Key Highlights
- Multi‑tenant office building
- Maintained high occupancy with little turnover
- Great interstate access
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
$188,553
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
8.48%
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%
$3,771,060
$3.8M
Cap Rate 7%
$2,693,614
$2.7M
Cap Rate 9%
$2,095,033
$2.1M
Market Conditions
NOI Build-Up for 13,792 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
$288.0K $20.88/SF
− Vacancy
−$36.6K −$2.65/SF
EGI
$251.4K $18.23/SF
− OpEx
−$62.9K −$4.56/SF
NOI
$188.6K $13.67/SF
Area
Omaha, NE
Vacancy
12.70%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
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%
$3,771,060
Cap Rate 7%
$2,693,614
Cap Rate 9%
$2,095,033
Alternative Uses
Best Use
Office B
$2.69M
$2.36M – $3.14M
NOI $188,553 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.63M
$3.18M – $4.23M
NOI $254,002 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 68134, NE
28,996
Population
13,920
Households
2.1
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
3,536
Density / Sq Mi
$67,353
Median Household Income
$43,222
Median Earnings
$1,044
Median Rent
$204,000
Median Home Value
Market
Vacancy Rate% for Office in Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building offering stable occupancy and strong interstate access and visibility.
Where is this office building located?
The property is located at 10675 Bedford Avenue Omaha, NE.
What is the asking price?
The asking price for this property is $2,223,000.
What are key features of this property?
This property features: Multi‑tenant office building; Maintained high occupancy with little turnover; Great interstate access
