Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2929 California St Omaha, NE 68131

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($1,045 /Mo)

    Retail space serving residents, students, and employees with ample parking.

    Property size:
    1,045 SF
    Lot size:
    8.85 Acres

    Property Features for 2929 California St

    General Information

    Size
    1,045 SF
    Lot size
    8.85 Acres

    We can help!

    Listing Contact
    Gabby Estivo
    Source: Moodyscre

    Listing Agent: Gabby Estivo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Near Creighton University

    This retail space offers 2,568 square feet of clean shell space, which can be divided to 1,045 square feet. It provides retail services to over 1,000 apartment residents, university students, and neighboring employees. Access is available from 30th Street and via a pedestrian bridge from Creighton University's campus. Ample parking is provided. The property benefits from co-tenancy with Flight Deck bar & grill, Groom barbershop, and Astute Coffee. A buildout allowance is available.
    Location Intelligence

    Current Use by Public Records

    Groom at Atlas Barber Shop Astute Coffee - Atlas Coffee Shop Comfort-a Katy Marie ... Bakery Dr. Sharisse Haniff, ... Apartment Complex

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.9579
    Latitude
    41.264492

    Nearby Similar for Lease

    • $750 /Mo
      14,000 SF

      Freestanding Building in Northwest Omaha

      Versatile commercial building suited for retail or office use.
      5404 N 99Th St, Omaha, NE 68134
      View Details
    • $12 SF/Yr
      26,364 SF

      Turnkey Office Suite in Omaha

      Garden-level office suite with dedicated entrance and ample parking.
      2637 S 158Th Plz, Omaha, NE 68130
      View Details
    • $30 SF/Yr
      1,676 SF

      Repurposed Steel Plant Office Space

      Modern Class A office space in historic Omaha building.
      609 S 48Th St, Omaha, NE 68132
      View Details
    • $15 SF/Yr
      3,560 SF

      Retail Space in Deerfield Place

      Retail spaces available in a busy Omaha shopping center.
      5218-5346 S 136Th St, Omaha, NE 68137
      View Details
    • $16 SF/Yr
      5,421 SF

      Lakefront Restaurant Space Available

      Restaurant space with lake views, patio, and large kitchen.
      14505-14529 F St, Omaha, NE 68137
      View Details
    • $15 SF/Yr
      81,592 SF

      Retail Center on 36th Street

      Vibrant retail center with flexible space in a populated neighborhood.
      5135 South 36Th St, Omaha, NE 68107
      View Details
    • $21 SF/Yr
      1,780 SF

      Restaurant Space in Countryside Village

      Restaurant space with complete kitchen infrastructure in established shopping center.
      8725 Pacific St, Omaha, NE 68114
      View Details
    • $26 SF/Yr
      3,430 SF

      Professional Office Space Available

      Turn-key office spaces with ample parking and modern amenities.
      12002 Pacific St, Omaha, NE 68154
      View Details
    • $24 SF/Yr
      13,016 SF

      Class A Office Space

      Sophisticated office spaces with high-end furniture and amenities.
      13030 Pierce St, Omaha, NE 68144
      View Details
    • $24 SF/Yr
      6,016 SF

      Blackstone District Food Hall Space

      Fully built-out food hall in thriving Blackstone District.
      3618 Farnam St, Omaha, NE 68131
      View Details
    • Contact for pricing
      400,000 SF

      Regency Landing: Omaha Office Space

      Prime Omaha location, flexible office suites.
      909 107Th Ave, Omaha, NE 68114
      View Details
    • $24 SF/Yr
      6,875 SF

      Class A Office Space Available

      Class A office space in Heartwood Preserve for lease.
      14400 Br St, Omaha, NE
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space serving residents, students, and employees with ample parking.
    Where is this retail space located?
    The property is located at 2929 California St Omaha, NE.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Services over 1,000 apartment residents, university students, and neighboring employees.; - Great co-tenancy with Flight Deck bar & grill, Groom barbershop, and Astute Coffee.; - Ample parking for customers and staff.
    (316) 617-9916
    Request Owner's contact information
    2929 California St Omaha, NE 68131
    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.
    2929 California St
    Omaha, NE 68131
    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
    2929 California St Omaha, NE 68131
    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

    We can help!
    Listing Contact
    Gabby Estivo
    (316) 617-9916
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.