Iconic Building in Old
406 S 12th St Omaha, NE
406 S 12th St, Omaha, NE, 00000
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For Sale
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Office building with redevelopment potential in Omaha's Old Market.
Property Size26,144 SF
Lot Size0.13 Acres
Price / SF$171.93
Days on Market1125
Property Features for 406 S 12th St
General Information
- Standard status
- Active
- Size
- 26,144 SF
- Lot size
- 0.13 Acres
- Property subtype
- OFFICE
Listing Agency
OMNE Partners
(402) 505-7720
Listed by
Alex Epstein
Source
Moodyscre
Added: Jun 22, 2023 Checked: Jul 19 at 4:30 am
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 OMNE Partners
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $545.9k | $20.88 |
| − Vacancy | −$69.3k | −$2.65 |
| EGI | $476.6k | $18.23 |
| − OpEx | −$119.1k | −$4.56 |
| NOI | $357.4k | $13.67 |
26,144 SF · lease $20.88/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.11M
$4.47M – $5.96M
NOI $357,419 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.88M
$6.02M – $8.02M
NOI $481,485 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
C&P Bathroom Remodeling ...
Hardware & Home Improvement
Facilities Cost Management
Architect
Rambo Associates Inc
Architect
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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.
