Downtown Omaha Flexible Mixed-Use
For Sale
$1,600,000
1407 - 1409 Jackson Street, Omaha, NE 68102
Mixed-use property near Old Market and future streetcar corridor.
Property Size10,741 SF
Price / SF$148.96
Days on Market201
Property Features for 1407 - 1409 Jackson Street
General Information
Standard status
Active
Size
10,741 SF
Property subtype
Industrial
Building Details
Year Built
1907
Listed By:
Jeanette Weber, MPA, SIOR, CPM
(402) 769-7563
Source:
Investorsomaha
Added: Mar 27
Changed: Oct 2
Last Checked: Oct 12 at 6:07PM
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 Jeanette Weber, MPA, SIOR, CPM
Investment Insights
Based on property information with market context.
This mixed-use property is located in downtown Omaha, near the Old Market, and in close proximity to the future Omaha Streetcar corridor. The property offers flexibility for a variety of business, live/work, or creative commercial concepts. The building has a size of 10741 square feet and presents an opportunity to own a distinctive urban property in Omaha’s downtown core.
Key Highlights
- Prime downtown Omaha location near the Old Market
- Close proximity to the future Omaha Streetcar corridor
- Flexible property suitable for business, live/work, or creative commercial concepts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,842
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,936,840
$2.9M
Cap Rate 7%
$2,097,743
$2.1M
Cap Rate 9%
$1,631,578
$1.6M
Market Conditions
NOI Build-Up for 10,741 SF
Gross rent
$224.3K $20.88/SF
− Vacancy
−$28.5K −$2.65/SF
EGI
$195.8K $18.23/SF
− OpEx
−$48.9K −$4.56/SF
NOI
$146.8K $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 Rate 5%
$2,936,840
Cap Rate 7%
$2,097,743
Cap Rate 9%
$1,631,578
Alternative Uses
Best Use
Office B
$2.10M
$1.84M – $2.45M
NOI $146,842 @ 7.0% cap · market cap 9.18%
Second Best
Mixed Use
$1.91M
$1.67M – $2.22M
NOI $133,403 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$2.83M
$2.47M – $3.30M
NOI $197,813 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
3,027
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Omaha, NE
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property near Old Market and future streetcar corridor.
Where is this mixed-use property located?
The property is located at 1407 - 1409 Jackson Street Omaha, NE.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Prime downtown Omaha location near the Old Market; Close proximity to the future Omaha Streetcar corridor; Flexible property suitable for business, live/work, or creative commercial concepts
