Remodeled Class A Office
For Sale
$8,200,000
1515 S 75th St, Omaha, NE 68124
Turnkey, remodeled office building with an open-plan layout, multiple meeting spaces, and six ADA-compliant restrooms.
Property Size52,367 SF
Price / SF$156.59
Days on Market48
Property Features for 1515 S 75th St
General Information
Standard status
Active
Size
52,367 SF
Class
A
Property subtype
Office
Additional Details
Business Included
Yes
Building Details
Year Built
1980
Listing Agency:
Investors Realty Inc
(402) 778-7538
Listed By:
JP Raynor, JD, CCIM, SIOR · License #20090079
Source:
Investorsomaha
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 11 at 6:47AM
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 Investors Realty Inc
Investment Insights
Based on property information with market context.
This turnkey, beautifully remodeled office building features Class A finishes throughout. The interior offers a spacious open floor plan with exposed high ceilings and abundant natural light, designed to support collaboration. The layout also includes multiple breakout rooms, private offices, and large training and conference rooms with state-of-the-art AV systems, along with modern break rooms and gathering areas.
The property includes six updated ADA-compliant restrooms for enhanced accessibility. Recent upgrades include new HVAC with digital controls, a 65% roof replacement with warranty, and energy-efficient LED lighting throughout.
Parking is convenient for both staff and visitors, supporting daily operations for tenants and guests.
The property includes six updated ADA-compliant restrooms for enhanced accessibility. Recent upgrades include new HVAC with digital controls, a 65% roof replacement with warranty, and energy-efficient LED lighting throughout.
Parking is convenient for both staff and visitors, supporting daily operations for tenants and guests.
Key Highlights
- 1980‑built office building with open floor plan, exposed high ceilings, and abundant natural light
- Multiple breakout rooms, private offices, and large training & conference rooms with state‑of‑the‑art AV systems
- Six updated ADA‑compliant restrooms for improved accessibility
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
$715,919
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
8.73%
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%
$14,318,380
$14.3M
Cap Rate 7%
$10,227,414
$10.2M
Cap Rate 9%
$7,954,656
$8.0M
Market Conditions
NOI Build-Up for 52,367 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
$1.09M $20.88/SF
− Vacancy
−$138.9K −$2.65/SF
EGI
$954.6K $18.23/SF
− OpEx
−$238.6K −$4.56/SF
NOI
$715.9K $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%
$14,318,380
Cap Rate 7%
$10,227,414
Cap Rate 9%
$7,954,656
Alternative Uses
Best Use
Office B
$10.23M
$8.95M – $11.93M
NOI $715,919 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.78M
$12.06M – $16.07M
NOI $964,424 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,992
Businesses Nearby
Explore this area
Business Placement
Demographics for 68124, NE
15,503
Population
6,941
Households
2.2
Avg Household Size
39
Median Age
55%
College-Educated
97%
High-School Grad
5.6 sq mi
ZIP Area
2,768
Density / Sq Mi
$96,341
Median Household Income
$56,177
Median Earnings
$1,223
Median Rent
$277,200
Median Home Value
Market
Vacancy Rate% for Office in Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Turnkey, remodeled office building with an open-plan layout, multiple meeting spaces, and six ADA-compliant restrooms.
Where is this office building located?
The property is located at 1515 S 75th St Omaha, NE.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: 1980‑built office building with open floor plan, exposed high ceilings, and abundant natural light; Multiple breakout rooms, private offices, and large training & conference rooms with state‑of‑the‑art AV systems; Six updated ADA‑compliant restrooms for improved accessibility
