Building Details

Building Size 44,640 SF

Year Built 1998

Listing Agency: Marcus & Millichap - Denver

Listed By: Adam Lewis · License #License(s) NE: 20250136 Show Phone

Source: Marcusmillichap

Added: Oct 2 Changed: Oct 3 Last Checked: Oct 5 at 3:03PM

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Investment Insights

Based on property information with market context.

This 80-key hotel carries the Holiday Inn Express & Suites brand. The property was built in 1998 and is located at 11818 Miami St in Omaha, Nebraska.

Key Highlights

• 80‑key hotel
• Holiday Inn Express & Suites branding
• Built in 1998

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$268,697

Cap Rate

4.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,373,940 $5.4M

Cap Rate 7%

$3,838,529 $3.8M

Cap Rate 9%

$2,985,522 $3.0M

Market Conditions

NOI Build-Up for 44,640 SF

Gross rent

$642.8K $14.40/SF

− Vacancy

−$77.1K −$1.73/SF

EGI

$565.7K $12.67/SF

− OpEx

−$297.0K −$6.65/SF

NOI

$268.7K $6.02/SF

Area

ZIP 68164

Vacancy

12.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,373,940

Cap Rate 7%

$3,838,529

Cap Rate 9%

$2,985,522

Alternative Uses

Best Use

Hotel Hospitality

$3.84M

$3.36M – $4.48M (±1% cap)

NOI $268,697 @ 7.0% cap · market cap 4.13%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$11.73M

$10.26M – $13.68M (±1% cap)

NOI $820,909 @ 7.0% cap · market cap 12.63%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Holiday Inn Express ... Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

534

Businesses Nearby

Explore this area Business Placement

Demographics for 68164, NE

28,314

Population

12,514

Households

2.3

Avg Household Size

36

Median Age

45%

College-Educated

97%

High-School Grad

8.8 sq mi

ZIP Area

3,217

Density / Sq Mi

$88,688

Median Household Income

$48,540

Median Earnings

$1,278

Median Rent

$241,200

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this hotels located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Hotel - A branded lodging property in Omaha, Nebraska.

Where is this hotel located?

The property is located at 11818 Miami St Omaha, NE.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: 80‑key hotel; Holiday Inn Express & Suites branding; Built in 1998