Building Details

Year Built 2019

Stories 2

Construction brick

Listing Agency: NAI NP Dodge

Listed By: Kristi Andersen · License #20170656 Show Phone

Source: Crexi

Added: Jul 30 Changed: Oct 25 Last Checked: Oct 28 at 4:54AM

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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

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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.

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 / Yr

$209,517

Cap Rate

5.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,190,340 $4.2M

Cap Rate 7%

$2,993,100 $3.0M

Cap Rate 9%

$2,327,967 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,156 SF

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 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 (±1% cap)

NOI $209,517 @ 7.0% cap · market cap 5.59%

Second Best

Office B

$2.96M

$2.59M – $3.45M (±1% cap)

NOI $207,200 @ 7.0% cap · market cap 5.53%

Theoretical Best

Office A

$3.99M

$3.49M – $4.65M (±1% cap)

NOI $279,123 @ 7.0% cap · market cap 7.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Throwback Arcade Lounge Nightclub Krush Ultra Lounge Bar & Pub

Suggested Use

Top Pick Locksmith Grocery & Convenience Store Butcher (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

5.5% 2019

13.2% 2020

14.2% 2021

12.6% 2022

11.7% 2023

13.7% 2024

11.9% 2025

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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 Street Omaha, NE.

What is the asking price?

The asking price for this property is $3,750,000.

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