Leased Professional Building For
For Sale
$4,695,000
13923 Gold Cir, Omaha, NE 68144
100% leased professional building with long-term tenants.
Property Size4,996 SF
Price / SF$221.21
Days on Market163
Property Features for 13923 Gold Cir
General Information
Standard status
Active
Size
4,996 SF
Class
B
Property subtype
Office
Building Details
Building Size
4,996 SF
Year Built
2000
Listed By:
Alex Epstein
(402) 850-8898
Source:
Omnepartners
Added: Mar 26
Changed: Sep 3
Last Checked: Sep 4 at 3:52AM
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 Alex Epstein
Investment Insights
Based on property information with market context.
The Gold Circle Professional Building is available for acquisition. The property is fully leased, with the main tenant, GSA (General Services Administration), having recently expanded and extended their lease for an additional 15 years. The remaining space at the main entry was recently remodeled for flexible medical use and is leased to Be Well Clinical Studies on a 5-year lease. The building features quality design and construction, climate-controlled parking with 3 stalls, gated outdoor parking, a secure facility, and monument signage on both Gold Circle & W Center Rd. The property is located on W. Center Rd, providing visibility and access to one of Omaha’s most traveled thoroughfares. Area amenities in close proximity to this site include a wide variety of restaurants, shopping, hotels, entertainment, and recreational activities. The property size is 21224 square feet.
Key Highlights
- 100% leased property providing immediate income.
- GSA (General Services Administration) as main tenant with a recently expanded and extended 15‑year lease.
- Recently remodeled space leased to Be Well Clinical Studies on a 5‑year lease.
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
$290,157
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
6.18%
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%
$5,803,140
$5.8M
Cap Rate 7%
$4,145,100
$4.1M
Cap Rate 9%
$3,223,967
$3.2M
Market Conditions
NOI Build-Up for 21,224 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
$443.2K $20.88/SF
− Vacancy
−$56.3K −$2.65/SF
EGI
$386.9K $18.23/SF
− OpEx
−$96.7K −$4.56/SF
NOI
$290.2K $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%
$5,803,140
Cap Rate 7%
$4,145,100
Cap Rate 9%
$3,223,967
Alternative Uses
Best Use
Office B
$4.15M
$3.63M – $4.84M
NOI $290,157 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.58M
$4.89M – $6.51M
NOI $390,875 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
Explore this area
Business Placement
Demographics for 68144, NE
24,994
Population
11,209
Households
2.2
Avg Household Size
38
Median Age
46%
College-Educated
96%
High-School Grad
7.3 sq mi
ZIP Area
3,424
Density / Sq Mi
$81,887
Median Household Income
$46,271
Median Earnings
$1,138
Median Rent
$248,900
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 building - 100% leased professional building with long-term tenants.
Where is this office building located?
The property is located at 13923 Gold Cir Omaha, NE.
What is the asking price?
The asking price for this property is $4,695,000.
What are key features of this property?
This property features: 100% leased property providing immediate income.; GSA (General Services Administration) as main tenant with a recently expanded and extended 15‑year lease.; Recently remodeled space leased to Be Well Clinical Studies on a 5‑year lease.
