Office Building with Dental
New
For Sale
$3,200,000
14211 Arbor St, Omaha, NE 68144
Updated two-story building combines owner-user office space with an occupied dental suite.
Property Size12,864 SF
Price / SF$248.76
Days on Market2
Property Features for 14211 Arbor St
General Information
Standard status
Active
Size
12,864 SF
Property subtype
Office
Building Details
Year Built
2008
Buildings
1
Stories
2
Parking Ratio
4.5 per 1,000 SF
Abandoned
No
Listing Agency:
Investors Realty Inc
Listed By:
Jack Warren, CCIM · License #20180870
(402) 769-7572
Source:
Investorsomaha
Added: Sep 12
Last Checked: Sep 13 at 9:26AM
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.
Built in 2008, this well-maintained office building contains 12,864 SF across two floors. The 8,894 SF first floor is available for an owner-user, while the 3,970 SF second-floor dental suite is leased through February 2038. Updated interiors, quality finishes, and abundant windows contribute to a bright work environment.
The property is located in Southwest Omaha near 144th and West Center Road, with convenient access to restaurants, shopping, and other services. Oak View Mall and major West Omaha thoroughfares are nearby. On-site parking is provided at approximately 4.5 stalls per 1,000 SF, supporting both the existing dental operation and first-floor office occupancy.
The property is located in Southwest Omaha near 144th and West Center Road, with convenient access to restaurants, shopping, and other services. Oak View Mall and major West Omaha thoroughfares are nearby. On-site parking is provided at approximately 4.5 stalls per 1,000 SF, supporting both the existing dental operation and first-floor office occupancy.
Key Highlights
- 12,864 SF office building completed in 2008
- 8,894 SF first‑floor office area available for an owner‑user
- 3,970 SF second‑floor dental suite leased through February 2038
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
$175,866
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
5.50%
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%
$3,517,320
$3.5M
Cap Rate 7%
$2,512,371
$2.5M
Cap Rate 9%
$1,954,067
$2.0M
Market Conditions
NOI Build-Up for 12,864 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
$268.6K $20.88/SF
− Vacancy
−$34.1K −$2.65/SF
EGI
$234.5K $18.23/SF
− OpEx
−$58.6K −$4.56/SF
NOI
$175.9K $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%
$3,517,320
Cap Rate 7%
$2,512,371
Cap Rate 9%
$1,954,067
Alternative Uses
Best Use
Office B
$2.51M
$2.20M – $2.93M
NOI $175,866 @ 7.0% cap · market cap 5.50%
Second Best
Healthcare Medical
$2.49M
$2.18M – $2.90M
NOI $174,127 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$3.38M
$2.96M – $3.95M
NOI $236,912 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,293
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
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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?
Office building - Updated two-story building combines owner-user office space with an occupied dental suite.
Where is this office building located?
The property is located at 14211 Arbor St Omaha, NE.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 12,864 SF office building completed in 2008; 8,894 SF first‑floor office area available for an owner‑user; 3,970 SF second‑floor dental suite leased through February 2038
