Single-Story Retail
For Sale
$2,073,732
11204 Davenport Street, Omaha, NE 68154
A substantial retail property with a renovated history and on-site parking for customer and employee use.
Property Size15,250 SF
Lot Size1.17 Acres
Price / SF$135.98
Days on Market90
Property Features for 11204 Davenport Street
General Information
Standard status
Active
Size
15,250 SF
Total Parking Spaces
52
Lot size
1.17 Acres
Property subtype
Retail
Building Details
Year Built
1980
Year Renovated
2013
Stories
1
Properties For Sale
at 11204 Davenport Street Contact us- Size
- 15,250 SF
- Type
- Office
- Availability
- Available
15,250 SF Office / Retail Building
Listing Agency:
CBRE - Omaha
(402) 697-5836
Listed By:
Steve Sheppard · License #NE#20051166
(402) 697-5836
Source:
Cbre
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 1:48PM
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
Investment Insights
Based on property information with market context.
This single-story retail property contains 15,250 SF within a building constructed in 1980 and remodeled in 2013. The asset is configured across one floor and includes 52 parking stalls, supporting convenient on-site access for occupants and visitors.
Located at 11204 Davenport Street in Omaha, Nebraska, the property offers a retail setting within the 68154 ZIP code. Its combination of building area, one-level layout, parking capacity, and documented remodeling provides a clear physical profile for commercial evaluation.
Located at 11204 Davenport Street in Omaha, Nebraska, the property offers a retail setting within the 68154 ZIP code. Its combination of building area, one-level layout, parking capacity, and documented remodeling provides a clear physical profile for commercial evaluation.
Key Highlights
- 15,250 SF single‑story retail building
- Constructed in 1980 and remodeled in 2013
- 52 on‑site parking stalls
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
$184,464
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
8.90%
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%
$3,689,280
$3.7M
Cap Rate 7%
$2,635,200
$2.6M
Cap Rate 9%
$2,049,600
$2.0M
Market Conditions
NOI Build-Up for 15,250 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
$274.5K $18.00/SF
− Vacancy
−$11.0K −$0.72/SF
EGI
$263.5K $17.28/SF
− OpEx
−$79.1K −$5.18/SF
NOI
$184.5K $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 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%
$3,689,280
Cap Rate 7%
$2,635,200
Cap Rate 9%
$2,049,600
Alternative Uses
Best Use
Retail
$2.64M
$2.31M – $3.07M
NOI $184,464 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,854 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 68154, NE
23,383
Population
10,846
Households
2.2
Avg Household Size
38
Median Age
51%
College-Educated
98%
High-School Grad
6.8 sq mi
ZIP Area
3,439
Density / Sq Mi
$82,509
Median Household Income
$50,653
Median Earnings
$1,185
Median Rent
$297,800
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - A substantial retail property with a renovated history and on-site parking for customer and employee use.
Where is this retail space located?
The property is located at 11204 Davenport Street Omaha, NE.
What is the asking price?
The asking price for this property is $2,073,732.
What are key features of this property?
This property features: 15,250 SF single‑story retail building; Constructed in 1980 and remodeled in 2013; 52 on‑site parking stalls
