Omaha Multifamily Investment
For Sale
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12775 Woodcrest Plaza, Omaha, NE 68137
66-unit apartment building in prime Omaha location.
Property Size67,500 SF
Price / SF$103.70
Days on Market215
Property Features for 12775 Woodcrest Plaza
General Information
Standard status
Active
Size
67,500 SF
Class
C
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1966
Year Renovated
2025
Buildings
4
Stories
2
Units
66
Listing Agency:
Gateway Real Estate Advisors
Listed By:
Erin Rooney, CCIM · License #B42992000
(712) 898-8372
Source:
Crexi
Added: Mar 18
Changed: Oct 15
Last Checked: Oct 16 at 8:04AM
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 Gateway Real Estate Advisors
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Investment Insights
Based on property information with market context.
The Oak Ridge Apartments, located in Omaha, Nebraska, presents an opportunity to own a multifamily asset. The property features 66 units with spacious layouts and in-unit washer and dryer connections. Situated near major employment hubs and within the Millard School District, the location at 12775 Woodcrest Drive, Omaha, NE 68137, is attractive to tenants. Recent exterior enhancements and select unit upgrades have been completed. The property features oversized floor plans and recent exterior improvements. The property size is 67500 square feet.
Key Highlights
- 66 Units in a Sought‑After Omaha Location
- Value‑Add Potential for Increased Operational Efficiency and Long‑Term Growth
- In‑Unit Washer and Dryer Connections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$543,956
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,879,120
$10.9M
Cap Rate 7%
$7,770,800
$7.8M
Cap Rate 9%
$6,043,956
$6.0M
Market Conditions
NOI Build-Up for 67,500 SF
Gross rent
$1.07M $15.84/SF
− Vacancy
−$80.2K −$1.19/SF
EGI
$989.0K $14.65/SF
− OpEx
−$445.1K −$6.59/SF
NOI
$544.0K $8.06/SF
Area
Omaha, NE
Vacancy
7.50%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,879,120
Cap Rate 7%
$7,770,800
Cap Rate 9%
$6,043,956
Alternative Uses
Best Use
Apartment 5plus
$7.77M
$6.80M – $9.07M
NOI $543,956 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.76M
$15.54M – $20.72M
NOI $1,243,123 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 68137, NE
26,537
Population
10,834
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,159
Density / Sq Mi
$82,256
Median Household Income
$49,784
Median Earnings
$1,337
Median Rent
$232,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - 66-unit apartment building in prime Omaha location.
Where is this apartment building located?
The property is located at 12775 Woodcrest Plaza Omaha, NE.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 66 Units in a Sought‑After Omaha Location; Value‑Add Potential for Increased Operational Efficiency and Long‑Term Growth; In‑Unit Washer and Dryer Connections
