Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Omaha Office Space For Rent Title is generated by Realmo AI

    10825 Farnam Dr, Omaha, NE

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prominent office building in Omaha's Old Mill submarket.

    Type:OFFICE
    Property size:
    13,773 SF
    Lot size:
    5.87 Acres
    Added:
    Oct 22, 2024
    Days on Market:
    593
    Last Refresh:
    May 20 at 9:19 pm

    Property Features for 10825 Farnam Dr

    General Information

    Standard status
    Active
    Size
    13,773 SF
    Lot size
    5.87 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 10825 Farnam Dr Contact us

    We can help!

    Listing Contact
    David Barton
    David Barton

    Listing agent David Barton License #NE#20051166

    Listing office CBRE | Omaha

    Listing date Oct 22, 2024

    Source Moodyscre

    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 CBRE | Omaha

    HighLights

    • Prominent landmark building.
    • Top floor suite.
    • Dual power source with two substations and on‑site generator.
    • Centrally located in the Old Mill submarket, adjacent to Interstate 680.
    • On‑site cafeteria.
    • On‑site workout facility with shower and locker area.

    Overview

    This office space is located in a prominent landmark building in Omaha, adjacent to Interstate 680 and centrally located in the Old Mill submarket. The available space is a top floor suite within a 13,773 square foot property. The building features an on-site cafeteria and a workout facility with a shower and locker area. It also benefits from two substations providing a dual power source, as well as an on-site generator.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Knot Worldwide - Omaha ... Corporate Office Ease Corporate Office InEight (Bike/Boat/Book/etc) Store Treehouse Foods Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0806
    Latitude
    41.2579

    Nearby Similar for Lease

    • $11 SF/Yr
      3,000 SF

      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
    • $14 SF/Yr
      1,500 SF

      Retail-Ready Storefront Suites

      Flexible storefront suites with prominent Ames Avenue frontage and customer parking support retail, service, and office uses.
      6057-6059 Ames Ave, Omaha, NE 68104
      View Details
    • Sponsored
      $129-$7,307/Mo
      11-1,292 SF

      NE, Omaha - 2027 Dodge St

      2027 Dodge St, Unit 5TH, Omaha, NE 68102
      View Details
    • $129-$5,916/Mo
      11-1,292 SF

      Aksarben Village

      2111 67Th St, Unit 300, Omaha, NE 06806
      View Details
    • $129-$3,960/Mo
      11-1,292 SF

      Landmark Center

      1299 Farnam St, Unit 300, Omaha, NE 68102
      View Details
    • $129-$5,856/Mo
      11-1,292 SF

      Linden Place

      14301 Fnb Pkwy, Unit 100, Omaha, NE 68154
      View Details
    • $22 SF/Yr
      5,507 SF

      Class A Office Sublease

      Modern office space available for sublease until March 2034.
      17838 Burke St, Omaha, NE 68118
      View Details
    • $23 SF/Yr
      3,554 SF

      Retail Space in Rockbrook Village

      Mixed-use space with high traffic and immediate occupancy.
      10920 Prairie Brook Rd, Omaha, NE 68144
      View Details
    • $10 SF/Yr
      9,360 SF

      Corner Street-Level Retail Space

      Street-level retail space on a highly visible corner with frontage along Blondo for customer-facing tenants.
      10801 Blondo Street, Omaha, NE 68164
      View Details
    • $11 SF/Yr
      3,140 SF

      Old Market Retail Space Available

      Retail space in the heart of the Old Market.
      1108 Jackson St, Omaha, NE 68102
      View Details
    • $14 SF/Yr
      376 SF

      Professional Office Space For Rent

      Office space in a quiet, professional midtown location.
      1941 S 42nd St, Omaha, NE 68105
      View Details
    • $19 SF/Yr
      4,500 SF

      Prime Retail/Office Space Available

      Highly visible location with easy interstate access, ideal for retail/office.
      119th & Pacific, Omaha, NE 68154
      View Details

    FAQs

    What type of property is this?
    Office building - Prominent office building in Omaha's Old Mill submarket.
    Where is this office building located?
    The property is located at 10825 Farnam Dr Omaha, NE.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Prominent landmark building.; Top floor suite.; Dual power source with two substations and on‑site generator.
    (402) 334-8877 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Barton
    David Barton
    Real Estate License ID: NE#20051166
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10825 Farnam Dr, Omaha, NE
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!