Medical Office with Long-Term
For Sale
$3,345,000
20124 Pierce Street, Omaha, NE 68022
Investment property offered for sale with a long-term lease in place for an ABA center tenant.
Property Size10,177 SF
Days on Market25
Property Features for 20124 Pierce Street
General Information
Standard status
Active
Size
10,177 SF
Property subtype
Retail/Office/Medical
Building Details
Building Size
10,177 SF
Year Built
2018
Listing Agency:
NAI NP Dodge
(402) 255-6095
Listed By:
Eric Wieseler · License #20050563
(402) 255-6095
Source:
Nainpdodge
Added: Jul 18
Changed: Aug 10
Last Checked: Aug 11 at 5:00AM
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 NAI NP Dodge
Investment Insights
Based on property information with market context.
This investment property is offered for sale with a long-term lease in place. The space is currently occupied by Galliant Autism Care (ABA Center), providing a stabilized leased asset. The property is also described as suitable for retail, office, medical, and wellness use.
The building benefits from excellent visibility near Pacific Street and 204th Street, with high daily traffic supported by a nearby grocery anchor and surrounding retail activity.
For investors seeking a leased property in a retail- and services-oriented area, this offering presents an income-producing option with an established tenant under long-term terms.
The building benefits from excellent visibility near Pacific Street and 204th Street, with high daily traffic supported by a nearby grocery anchor and surrounding retail activity.
For investors seeking a leased property in a retail- and services-oriented area, this offering presents an income-producing option with an established tenant under long-term terms.
Key Highlights
- 2018‑built investment property with a long‑term lease in place for an ABA center (Galliant Autism Care - ABA Center)
- Strong fit for retail, office, medical, and wellness uses
- Excellent visibility near Pacific Street and 204th Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$139,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,782,640
$2.8M
Cap Rate 7%
$1,987,600
$2.0M
Cap Rate 9%
$1,545,911
$1.5M
Market Conditions
NOI Build-Up for 10,177 SF
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.
Gross rent
$212.5K $20.88/SF
− Vacancy
−$27.0K −$2.65/SF
EGI
$185.5K $18.23/SF
− OpEx
−$46.4K −$4.56/SF
NOI
$139.1K $13.67/SF
Area
Omaha, NE
Vacancy
12.70%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,782,640
Cap Rate 7%
$1,987,600
Cap Rate 9%
$1,545,911
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.32M
NOI $139,132 @ 7.0% cap · market cap 4.16%
Second Best
Healthcare Medical
$1.97M
$1.72M – $2.30M
NOI $137,756 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,426 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 68022, NE
30,996
Population
12,521
Households
2.5
Avg Household Size
35
Median Age
64%
College-Educated
99%
High-School Grad
38.0 sq mi
ZIP Area
816
Density / Sq Mi
$139,713
Median Household Income
$70,971
Median Earnings
$1,404
Median Rent
$452,800
Median Home Value
Market
Vacancy Rate% for Office in Omaha, NE
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Elkhorn South Veterinary Clinic — 1515 S 204th St Suite 102, Elkhorn, NE 68022
- West Elkhorn Veterinary Clinic — 1515 US-6, Elkhorn, NE 68022
Frequently Asked Questions
What type of property is this?
Medical Office Space - Investment property offered for sale with a long-term lease in place for an ABA center tenant.
Where is this medical office space located?
The property is located at 20124 Pierce Street Omaha, NE.
What is the asking price?
The asking price for this property is $3,345,000.
What are key features of this property?
This property features: 2018‑built investment property with a long‑term lease in place for an ABA center (Galliant Autism Care - ABA Center); Strong fit for retail, office, medical, and wellness uses; Excellent visibility near Pacific Street and 204th Street
