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 Market148
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
(712) 898-8372
Listed By:
Erin Rooney, CCIM · License #20247146
Source:
Crexi
Added: Mar 18
Changed: Aug 10
Last Checked: Aug 11 at 7:36PM
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
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 = 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
$543,956
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
7.77%
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%
$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
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
$1.07M $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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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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
