Historic Retail Storefront
For Sale
$490,000
6016 Maple St, Omaha, NE 68104
Built in 1937, this historic storefront building has housed a drug store and retail operators and is ready for new use.
Property Size2,236 SF
Days on Market31
Property Features for 6016 Maple St
General Information
Standard status
Active
Size
2,236 SF
Class
C
Property subtype
Multi Tenant Office
Building Details
Building Size
2,236 SF
Year Built
1937
Listing Agency:
Berkshire Hathaway HS Ambassador Real Estate
(402) 547-5062
Listed By:
Michael Blackmon · License #20000902
(402) 547-5062
Source:
Thebrokerlist
Added: Jul 25
Changed: Aug 23
Last Checked: Aug 23 at 12:50PM
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 Berkshire Hathaway HS Ambassador Real Estate
Investment Insights
Based on property information with market context.
This historic retail storefront building was built in 1937 and has served multiple neighborhood uses over the years. Public remarks note it previously operated as a drug store with a classic soda fountain, later became a bar, and at another point functioned as a display floor for a plumbing business. Most recently, it has been home to retail operators and is now presented for a new chapter.
The surrounding area is described as Benson, with walkability reported at a score of 69. The property’s long-running role as a retail-focused building supports a straightforward fit for an owner or operator seeking a historic setting for a retail storefront concept.
The surrounding area is described as Benson, with walkability reported at a score of 69. The property’s long-running role as a retail-focused building supports a straightforward fit for an owner or operator seeking a historic setting for a retail storefront concept.
Key Highlights
- Historic Benson storefront building built in 1937
- Previously operated as a drug store with a classic soda fountain
- Later used as a bar, then a display floor for a growing plumbing business
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
$22,069
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
4.50%
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%
$441,380
$441.4K
Cap Rate 7%
$315,271
$315.3K
Cap Rate 9%
$245,211
$245.2K
Market Conditions
NOI Build-Up for 2,236 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
$33.5K $15.00/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$31.5K $14.10/SF
− OpEx
−$9.5K −$4.23/SF
NOI
$22.1K $9.87/SF
Area
ZIP 68104
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$441,380
Cap Rate 7%
$315,271
Cap Rate 9%
$245,211
Alternative Uses
Best Use
Retail
$315.3K
$275.9K – $367.8K
NOI $22,069 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$780.0K
$682.5K – $910.1K
NOI $54,603 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68104, NE
36,706
Population
16,330
Households
2.2
Avg Household Size
34
Median Age
31%
College-Educated
84%
High-School Grad
6.6 sq mi
ZIP Area
5,562
Density / Sq Mi
$57,488
Median Household Income
$38,703
Median Earnings
$1,049
Median Rent
$157,700
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?
Storefront property - Built in 1937, this historic storefront building has housed a drug store and retail operators and is ready for new use.
Where is this storefront property located?
The property is located at 6016 Maple St Omaha, NE.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Historic Benson storefront building built in 1937; Previously operated as a drug store with a classic soda fountain; Later used as a bar, then a display floor for a growing plumbing business
