Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Omaha Office/Retail Space Title is generated by Realmo AI

    1209 Harney St, Omaha, NE 68102

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Renovated office/retail space in the heart of Downtown Omaha.

    Type:Office
    Added:
    Apr 11, 2026
    Days on Market:
    46
    Last Refresh:
    Apr 11 at 1:09 pm

    Property Features for 1209 Harney St

    General Information

    Standard status
    Active
    Property subtype
    Office

    We can help!

    Listing Contact
    Jacob Militti
    Jacob Militti

    Listing agent Jacob Militti License #NE

    Listing office Lee & Associates - Omaha Nebraska

    Listing date Apr 11, 2026

    Source Crexi

    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 Lee & Associates - Omaha Nebraska

    HighLights

    • Renovated office/retail space in a prime location.
    • Located in the heart of Downtown Omaha.
    • Open concept layout.
    • Includes a private conference room.
    • Features a reception and waiting area.
    • Has a kitchen and two offices.

    Overview

    This renovated second-floor space, suitable for office or retail use, is located in Downtown Omaha. The layout features an open concept design, incorporating a private conference room, a reception and waiting area, a kitchen, and two offices. The property is situated in the heart of Downtown Omaha.
    Location Intelligence

    Current Use by Public Records

    studioINSITE Landscaping Agape Red (Bike/Boat/Book/etc) Store Sharp Exotics Car Rental Facility Sharp Medical Staffing ... Employment Agency The Resume That Works Employment Agency

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.9324409
    Latitude
    41.2564108

    Nearby Similar for Sale

    • $365,000
      988 SF

      Stabilized Duplex in Quiet Neighborhood

      Fully stabilized duplex with recent renovations and long-term tenants.
      1811 N 110th ST, Omaha, NE 68154
      View Details
    • $399,000

      Omaha Multi-Unit Investment Opportunity

      Well-maintained five-unit property in the Historic Field Club neighborhood.
      1618 S 32 Avenue, Omaha, NE 68105-9999
      View Details
    • $825,000

      Omaha Brick Duplex Opportunity

      Stunning duplex ideal for rentals or multi-generational living.
      5114 Dodge Street, Omaha, NE 68132
      View Details
    • $469,000

      Omaha Multi-Family Investment Opportunity

      Duplex in a convenient location with income potential.
      10804 Borman Avenue, Omaha, NE 68137
      View Details
    • $579,000

      Renovated Multifamily Investment Property

      Fully renovated, furnished 8-unit multifamily property near UNMC/Nebraska Medicine.
      1120 Park Avenue, Omaha, NE 68105
      View Details
    • $609,000

      Benson Mixed-Use Triplex

      Updated triplex with commercial space in vibrant Benson district.
      5519 NW Radial Highway, Omaha, NE 68104
      View Details
    • $670,000

      Carefree Duplex in Elkhorn Schools

      8 bed, 8 bath duplex near 168th & West Dodge.
      17069 Nicholas Street, Omaha, NE 68118
      View Details
    • $425,000

      Omaha Multi-Family Investment Opportunity

      Five-unit property generating approximately $4,550 monthly gross income.
      1416 O Street, Omaha, NE 68107
      View Details
    • $604,800
      2,864 SF

      Modern Office Condominium in Omaha

      Move-in-ready office space in Southwest Omaha's Ridgeview Office Park.
      18045 Oak St # A & B, Omaha, NE 68130
      View Details
    • $300,000

      Midtown Multi-Family Investment Opportunity

      Spacious property near Blackstone, UNMC, and Leavenworth corridor.
      3521 Jones Street, Omaha, NE 68105
      View Details
    • $419,900

      Updated Duplex in Prime Location

      Updated duplex in Omaha, great for investors or owner-occupants.
      2501 and 2503 S 49 Street, Omaha, NE 68106
      View Details
    • $350,000

      Omaha Mixed-Use Investment Property

      Turnkey mixed-use property with residential and commercial income potential.
      5511-5509-5505 N 30th Street, Omaha, NE 68111
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated office/retail space in the heart of Downtown Omaha.
    Where is this office units located?
    The property is located at 1209 Harney St Omaha, NE.
    What are key features of this property?
    This property features: Renovated office/retail space in a prime location.; Located in the heart of Downtown Omaha.; Open concept layout.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jacob Militti
    Jacob Militti
    Real Estate License ID: NE
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1209 Harney St, Omaha, NE 68102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!