Freestanding Office
For Sale
$275,000
6842 Pacific St, Omaha, NE 68106
Freestanding office building with on-site paved parking and a central Midtown Omaha setting.
Property Size874 SF
Price / SF$314.65
Days on Market20
Property Features for 6842 Pacific St
General Information
Standard status
Active
Size
874 SF
Property subtype
Retail
Zoning
General Office
Building Details
Year Built
1947
Listing Agency:
Investors Realty Inc
(402) 769-7584
Listed By:
Dan Grant · License #20200787
Source:
Investorsomaha
Added: Jul 23
Changed: Aug 8
Last Checked: Aug 11 at 5:01AM
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.
Freestanding office building offering 874 SF of flexible general office space. The property is positioned for visibility along Pacific Street and provides the privacy associated with a standalone building, including opportunities for signage. On-site paved parking supports straightforward customer or staff access.
Located in Midtown Omaha near UNO, Aksarben Village, UNMC, and the Dundee neighborhood, the building offers convenient access to multiple established commercial and employment areas.
Zoned for general office use, the space is well-suited for an owner-user or professional office, boutique business, or specialty service provider.
Located in Midtown Omaha near UNO, Aksarben Village, UNMC, and the Dundee neighborhood, the building offers convenient access to multiple established commercial and employment areas.
Zoned for general office use, the space is well-suited for an owner-user or professional office, boutique business, or specialty service provider.
Key Highlights
- 874 SF freestanding office building built in 1947 in Midtown Omaha along Pacific Street
- On‑site paved parking for tenants and visitors
- Convenient Midtown Omaha access to UNO, Aksarben Village, UNMC, and the Dundee neighborhood
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
$11,949
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
4.35%
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%
$238,980
$239.0K
Cap Rate 7%
$170,700
$170.7K
Cap Rate 9%
$132,767
$132.8K
Market Conditions
NOI Build-Up for 874 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
$18.2K $20.88/SF
− Vacancy
−$2.3K −$2.65/SF
EGI
$15.9K $18.23/SF
− OpEx
−$4.0K −$4.56/SF
NOI
$11.9K $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%
$238,980
Cap Rate 7%
$170,700
Cap Rate 9%
$132,767
Alternative Uses
Best Use
Office B
$170.7K
$149.4K – $199.2K
NOI $11,949 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$229.9K
$201.2K – $268.3K
NOI $16,096 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 68106, NE
21,871
Population
10,935
Households
2
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
4,206
Density / Sq Mi
$70,649
Median Household Income
$46,958
Median Earnings
$1,234
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Office in Omaha, NE
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Freestanding office building with on-site paved parking and a central Midtown Omaha setting.
Where is this office units located?
The property is located at 6842 Pacific St Omaha, NE.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 874 SF freestanding office building built in 1947 in Midtown Omaha along Pacific Street; On‑site paved parking for tenants and visitors; Convenient Midtown Omaha access to UNO, Aksarben Village, UNMC, and the Dundee neighborhood
