Bar-Restaurant with Rooftop
For Sale
Contact for pricing
1402 Howard St, Omaha, NE 68102
Mixed-use bar/restaurant with office and retail space, featuring a rooftop patio and a remodeled historic brick interior.
Property Size15,156 SF
Price / SF$263.92
Days on Market252
Property Features for 1402 Howard St
General Information
Standard status
Active
Size
15,156 SF
Property subtype
RETAIL
Amenities
rooftop patio
Building Details
Stories
2
Construction
brick
Listing Agency:
NAI NP Dodge
(402) 255-6095
Listed By:
Eric Wieseler · License #20050563
(402) 255-6095
Source:
Moodyscre
Added: Dec 3, 2025
Changed: Jul 31
Last Checked: Jul 31 at 6:15AM
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 NAI NP Dodge
Investment Insights
Based on property information with market context.
Bar/restaurant mixed-use property featuring a rooftop patio building plus historic brick two-story space. The building supports bar/restaurant use alongside office and retail uses, providing flexibility for combined or separate tenancy. Interior features in the historic portion include exposed brick, hardwood floors, and columns. The property also underwent extensive remodel.
Located at 1402 Howard St in Omaha, NE, it offers easy access to the Central Business District, city offices, and the courthouse. The Old Market is nearby.
Total building size is 15,156 SF, with configuration suited to a bar/restaurant concept and complementary office and retail operations under one roof.
Located at 1402 Howard St in Omaha, NE, it offers easy access to the Central Business District, city offices, and the courthouse. The Old Market is nearby.
Total building size is 15,156 SF, with configuration suited to a bar/restaurant concept and complementary office and retail operations under one roof.
Key Highlights
- Rooftop patio building with bar/restaurant, office, and retail uses
- Historic brick two‑story portion with exposed brick, hardwood floors, and columns
- Extensive remodel completed
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
$209,517
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
5.24%
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%
$4,190,340
$4.2M
Cap Rate 7%
$2,993,100
$3.0M
Cap Rate 9%
$2,327,967
$2.3M
Market Conditions
NOI Build-Up for 15,156 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
$291.0K $19.20/SF
− Vacancy
−$11.6K −$0.77/SF
EGI
$279.4K $18.43/SF
− OpEx
−$69.8K −$4.61/SF
NOI
$209.5K $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%
$4,190,340
Cap Rate 7%
$2,993,100
Cap Rate 9%
$2,327,967
Alternative Uses
Best Use
Specialty Retail
$2.99M
$2.62M – $3.49M
NOI $209,517 @ 7.0% cap · market cap 5.24%
Second Best
Office B
$2.96M
$2.59M – $3.45M
NOI $207,200 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$3.99M
$3.49M – $4.65M
NOI $279,123 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,011
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68102, NE
9,130
Population
5,922
Households
1.5
Avg Household Size
33
Median Age
51%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
5,072
Density / Sq Mi
$60,525
Median Household Income
$46,309
Median Earnings
$1,242
Median Rent
$350,500
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.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Mixed-use bar/restaurant with office and retail space, featuring a rooftop patio and a remodeled historic brick interior.
Where is this bar & pub located?
The property is located at 1402 Howard St Omaha, NE.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Rooftop patio building with bar/restaurant, office, and retail uses; Historic brick two‑story portion with exposed brick, hardwood floors, and columns; Extensive remodel completed
