Office Building with Monument
New
For Sale
$1,875,000
11011 Q Street #B, Omaha, NE 68137
Flexible office property with prominent Q Street signage, ample parking, and access to major interstate routes.
Property Size10,513 SF
Price / SF$178.35
Days on Market2
Property Features for 11011 Q Street #B
General Information
Standard status
Active
Size
10,513 SF
Class
C
Total Parking Spaces
60
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
Monument signage
Building Details
Building Size
10,513 SF
Year Built
1986
Buildings
1
Parking Ratio
5.7 per 1,000 SF
Listing Agency:
OMNE Partners Omaha
(402) 504-2997
Listed By:
Colin Fangman
Source:
Omnepartners
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 6:21AM
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 OMNE Partners Omaha
Investment Insights
Based on property information with market context.
This 10,513-square-foot office building offers a flexible configuration for either an owner-user or an investor. The property can accommodate a single occupant or multiple tenants and features modern office finishes in a well-maintained setting. A 60-stall parking field supports the building, with a ratio of 5.7:1,000, while monument signage on Q Street provides an identifiable roadside presence.
The property has immediate access to I-80 and I-680 and sits among restaurants, retail businesses, and professional services. The condominium association handles common-area upkeep, including snow removal and lawn care. Built in 1986, the building combines established construction with a layout suited to varied office occupancy needs.
The property has immediate access to I-80 and I-680 and sits among restaurants, retail businesses, and professional services. The condominium association handles common-area upkeep, including snow removal and lawn care. Built in 1986, the building combines established construction with a layout suited to varied office occupancy needs.
Key Highlights
- 10,513 SF office building suited to owner‑user or investor occupancy
- Single‑tenant or multi‑tenant configuration
- 60 parking stalls with a 5.7:1,000 ratio
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
$143,725
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
7.67%
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%
$2,874,500
$2.9M
Cap Rate 7%
$2,053,214
$2.1M
Cap Rate 9%
$1,596,944
$1.6M
Market Conditions
NOI Build-Up for 10,513 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
$219.5K $20.88/SF
− Vacancy
−$27.9K −$2.65/SF
EGI
$191.6K $18.23/SF
− OpEx
−$47.9K −$4.56/SF
NOI
$143.7K $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%
$2,874,500
Cap Rate 7%
$2,053,214
Cap Rate 9%
$1,596,944
Alternative Uses
Best Use
Office B
$2.05M
$1.80M – $2.40M
NOI $143,725 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,614 @ 7.0% cap · market cap 10.33%
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
876
Businesses Nearby
Explore this area
Business Placement
Demographics for 68137, NE
26,537
Population
10,834
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,159
Density / Sq Mi
$82,256
Median Household Income
$49,784
Median Earnings
$1,337
Median Rent
$232,800
Median Home Value
Market
Vacancy Rate% for Office in Omaha, NE
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Flexible office property with prominent Q Street signage, ample parking, and access to major interstate routes.
Where is this office building located?
The property is located at 11011 Q Street #B Omaha, NE.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: 10,513 SF office building suited to owner‑user or investor occupancy; Single‑tenant or multi‑tenant configuration; 60 parking stalls with a 5.7:1,000 ratio
