Fully Leased Retail Two-Building
For Sale
$2,400,000
14110 S Street, Omaha, NE 68137
Two-building retail portfolio totals 11,180 SF on 0.98 acres, fully occupied by a veterinary clinic and sports bar.
Property Size11,180 SF
Lot Size0.98 Acres
Price / SF$214.67
Days on Market90
Property Features for 14110 S Street
General Information
Standard status
Active
Size
11,180 SF
Lot size
0.98 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Building Size
11,180 SF
Year Built
1977
Tenancy
Multi
Listing Agency:
(520) 269-1317
Listed By:
Brian Thomas · License #NE #20210472
Source:
Nainpdodge
Added: Jun 2
Changed: Aug 10
Last Checked: Aug 29 at 6:33AM
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 Brian Thomas
Investment Insights
Based on property information with market context.
This two-building retail portfolio totals 11,180 SF and sits on 0.98 acres. The property was built in 1977 and is currently fully leased and occupied.
Goodrich Veterinary Clinic occupies 5,300 SF and has a lease through 9.31.2031. Good Life Sports Bar & Grill occupies 5,880 SF and has a lease through 6.30.2029. The buildings offer visibility and access from Millard Ave.
The portfolio is presented as a turnkey, fully occupied investment opportunity, with both tenants in place through their respective lease end dates. Financial details are available upon completion of a Confidentiality Agreement.
Goodrich Veterinary Clinic occupies 5,300 SF and has a lease through 9.31.2031. Good Life Sports Bar & Grill occupies 5,880 SF and has a lease through 6.30.2029. The buildings offer visibility and access from Millard Ave.
The portfolio is presented as a turnkey, fully occupied investment opportunity, with both tenants in place through their respective lease end dates. Financial details are available upon completion of a Confidentiality Agreement.
Key Highlights
- Two‑building retail portfolio totals 11,180 SF on 0.98 acres
- Both spaces are fully leased: Goodrich Veterinary Clinic (5,300 SF) and Good Life Sports Bar & Grill (5,880 SF)
- Lease terms: veterinary clinic through 9/31/2031; sports bar through 6/30/2029
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
$154,552
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
6.44%
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%
$3,091,040
$3.1M
Cap Rate 7%
$2,207,886
$2.2M
Cap Rate 9%
$1,717,244
$1.7M
Market Conditions
NOI Build-Up for 11,180 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
$214.7K $19.20/SF
− Vacancy
−$8.6K −$0.77/SF
EGI
$206.1K $18.43/SF
− OpEx
−$51.5K −$4.61/SF
NOI
$154.6K $13.82/SF
Area
Omaha, NE
Vacancy
4.00%
Lease Rate
$19.20 /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%
$3,091,040
Cap Rate 7%
$2,207,886
Cap Rate 9%
$1,717,244
Alternative Uses
Best Use
Specialty Retail
$2.21M
$1.93M – $2.58M
NOI $154,552 @ 7.0% cap · market cap 6.44%
Second Best
Retail
$1.93M
$1.69M – $2.25M
NOI $135,233 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,898 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
751
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 Retail in Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-building retail portfolio totals 11,180 SF on 0.98 acres, fully occupied by a veterinary clinic and sports bar.
Where is this retail space located?
The property is located at 14110 S Street Omaha, NE.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two‑building retail portfolio totals 11,180 SF on 0.98 acres; Both spaces are fully leased: Goodrich Veterinary Clinic (5,300 SF) and Good Life Sports Bar & Grill (5,880 SF); Lease terms: veterinary clinic through 9/31/2031; sports bar through 6/30/2029
