Omaha Multifamily Investment
12775 Woodcrest Plaza, Omaha, NE 68137
For Sale
Contact for pricing
66-unit apartment building in prime Omaha location.
Property Size67,500 SF
Price / SF$96.30
Days on Market240
Property Features for 12775 Woodcrest Plaza
General Information
Standard status
Size
Class
Property subtype
Occupancy
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Gateway Real Estate Advisors
Listed By:
Erin Rooney, CCIM · License NE #20247146
(712) 898-8372
Source:
Crexi
Added: Mar 18
Changed: Nov 8
Last Checked: Nov 10 at 9:12AM
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
8.37%
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 8.37%
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 19.12%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
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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
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Market
Properties on Market for Apartment buildings in Omaha
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 $6,500,000.
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
