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    406 S 12Th St Omaha, NE 68102

    For Sale
    $4,495,000

    Office building with redevelopment potential in Omaha's Old Market.

    Property size:
    26,144 SF
    Lot size:
    0.13 Acres

    Property Features for 406 S 12Th St

    General Information

    Size
    26,144 SF
    Lot size
    0.13 Acres

    Source: OMNE Partners Agent Alex Epstein

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

    Overview

    Iconic Building in Old Market

    This iconic building features abundant natural light, open floor plans, atrium stairs, and high ceilings. The building's structure allows for the addition of a 5th and 6th floor. Floor plates measure 5,808 square feet, while the basement level provides 8,720 square feet. Ceiling heights are 12 feet on the first floor, 10 feet on the second and third floors, and 14 feet in the basement. Located in the Old Market, the property is one block from Omaha's newly redeveloped Gene Leahy Mall. The property size is 26,144 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    C&P Bathroom Remodeling ... Remodeler Facilities Cost Management Architect Rambo Associates Inc Architect

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.9320664
    Latitude
    41.2562463

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    FAQs

    What type of property is this?
    Office building - Office building with redevelopment potential in Omaha's Old Market.
    Where is this office building located?
    The property is located at 406 S 12Th St Omaha, NE.
    What is the asking price?
    The asking price for this property is $4,495,000.
    What are key features of this property?
    This property features: - Located in the Old Market, one block from the Gene Leahy Mall.; - Building structure allows for the addition of 5th & 6th floors.; - Iconic building with amazing natural light, open plans, and atrium stairs.
    (402) 697-8899
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    Omaha, NE 68102
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    Realmo Value Estimation

    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.

    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.

    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
    406 S 12Th St Omaha, NE 68102
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