Move-In Ready Office Suite with
For Sale
$595,000
8715 Oak St, Omaha, NE 68124
Move-in ready office with high-end finishes, a functional layout, an existing commercial hood, and ample on-site parking.
Property Size2,258 SF
Price / SF$263.51
Days on Market31
Property Features for 8715 Oak St
General Information
Standard status
Active
Size
2,258 SF
Property subtype
Office
Building Details
Year Built
1956
Listing Agency:
Investors Realty Inc
(402) 778-7537
Listed By:
Brian Kuehl · License #20010775
Source:
Investorsomaha
Added: Jul 22
Changed: Aug 8
Last Checked: Aug 21 at 5:45AM
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 move-in-ready office space at 8715 Oak St offers high-end interior finishes and a functional layout designed for professional use. The space includes an existing commercial hood, making it suitable for users who need that specific feature within an office environment.
The property is centrally located with convenient access to Interstate 80, West Dodge Road, and the Omaha metro. On-site parking is available.
For buyers seeking an immediately usable office space with upgraded finishes and a practical build-out element already in place, this suite is ready for occupancy.
The property is centrally located with convenient access to Interstate 80, West Dodge Road, and the Omaha metro. On-site parking is available.
For buyers seeking an immediately usable office space with upgraded finishes and a practical build-out element already in place, this suite is ready for occupancy.
Key Highlights
- Move‑in ready office space with high‑end interior finishes
- Functional office layout designed for professional use
- Includes an existing commercial hood
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
$30,870
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
5.19%
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%
$617,400
$617.4K
Cap Rate 7%
$441,000
$441.0K
Cap Rate 9%
$343,000
$343.0K
Market Conditions
NOI Build-Up for 2,258 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
$47.1K $20.88/SF
− Vacancy
−$6.0K −$2.65/SF
EGI
$41.2K $18.23/SF
− OpEx
−$10.3K −$4.56/SF
NOI
$30.9K $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%
$617,400
Cap Rate 7%
$441,000
Cap Rate 9%
$343,000
Alternative Uses
Best Use
Office B
$441.0K
$385.9K – $514.5K
NOI $30,870 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.1K
$519.8K – $693.1K
NOI $41,585 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
806
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 units - Move-in ready office with high-end finishes, a functional layout, an existing commercial hood, and ample on-site parking.
Where is this office units located?
The property is located at 8715 Oak St Omaha, NE.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Move‑in ready office space with high‑end interior finishes; Functional office layout designed for professional use; Includes an existing commercial hood
