Downtown Omaha Flexible Mixed-Use
For Sale
Contact for pricing
1407 Jackson St, Omaha, NE 68102
Mixed-use property near Old Market and future streetcar corridor.
Property Size10,741 SF
Price / SF$148.96
Days on Market156
Property Features for 1407 Jackson St
General Information
Standard status
Active
Size
10,741 SF
Property subtype
Industrial, Mixed Use, Retail
Zoning
DS - Downtown Service District
Investment Type
Owner/User
Building Details
Year Built
1907
Year Renovated
2010
Buildings
2
Stories
2
Listing Agency:
Investors Realty Inc
(402) 672-5912
Listed By:
Jeanette Weber · License #NE 20080272
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 10 at 1:23PM
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 Investors Realty Inc
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 = 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
$146,842
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
9.18%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,393
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
Market
Vacancy Rate% for Office in Omaha, NE
Questions? Ask Rey
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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 Jackson St 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
