Listing Agency: OMNE Partners Show Phone

Listed By: Colin Fangman · License #20230189 Show Phone

Source: Moodyscre

Added: Sep 12, 2024 Changed: Oct 26 Last Checked: Oct 30 at 6:10PM

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Investment Insights

Based on property information with market context.

This freestanding building, formerly a retail strip center, is currently occupied by a single user and being sold "As-Is." The current buildout includes a worship hall, fellowship room, private classrooms, offices, and storage rooms. The property is located at the northeast corner of 93rd and Maple, a prime corner location with a full-movement signalized intersection. Excellent signage opportunities are available on Maple Street, and the area is designated for monument signage. Front-door parking is available. The building offers potential to be divided into individual storefronts. Each bay is separately metered, with rooftop units extending across the roof. The property is less than a mile from the I-680 interchange off Maple St.

Key Highlights

• Prime corner location at 93rd and Maple (NEC) with a full‑movement signalized intersection.
• Less than a mile from the I‑680 interchange off Maple St.
• Excellent signage opportunities on Maple Street; area designated for monument signage.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$143,700

Cap Rate

8.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,874,000 $2.9M

Cap Rate 7%

$2,052,857 $2.1M

Cap Rate 9%

$1,596,667 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,880 SF

Gross rent

$213.8K $18.00/SF

− Vacancy

−$8.6K −$0.72/SF

EGI

$205.3K $17.28/SF

− OpEx

−$61.6K −$5.18/SF

NOI

$143.7K $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 Rate 5%

$2,874,000

Cap Rate 7%

$2,052,857

Cap Rate 9%

$1,596,667

Alternative Uses

Best Use

Retail

$2.05M

$1.80M – $2.40M (±1% cap)

NOI $143,700 @ 7.0% cap · market cap 8.58%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.13M

$2.73M – $3.65M (±1% cap)

NOI $218,790 @ 7.0% cap · market cap 13.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Hope Evangelical Free ... Church Omaha Bathroom Construction ... Renovation Specialist

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

825

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Omaha, NE

7.6% 2019

10.2% 2020

8.7% 2021

7.1% 2022

6.1% 2023

6.1% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Freestanding building with potential for retail or religious use.

Where is this storefront property located?

The property is located at 9313 Binney St Omaha, NE.

What is the asking price?

The asking price for this property is $1,675,000.

What are key features of this property?

This property features: Prime corner location at 93rd and Maple (NEC) with a full‑movement signalized intersection.; Less than a mile from the I‑680 interchange off Maple St.; Excellent signage opportunities on Maple Street; area designated for monument signage.