Remodeled Class A Office
For Sale
$8,200,000
1515 S 75th St, Omaha, NE 68124
Turnkey, remodeled office building with an open-plan layout, multiple meeting spaces, and six ADA-compliant restrooms.
Property Size52,367 SF
Price / SF$156.59
Days on Market117
Property Features for 1515 S 75th St
General Information
Standard status
Active
Size
52,367 SF
Class
A
Property subtype
Office
Additional Details
Business Included
Yes
Building Details
Year Built
1980
Listed By:
JP Raynor, JD, CCIM, SIOR
(402) 778-7538
Source:
Investorsomaha
Added: Jun 25
Changed: Oct 13
Last Checked: Oct 19 at 5:15AM
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 JP Raynor, JD, CCIM, SIOR
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Investment Insights
Based on property information with market context.
This turnkey, beautifully remodeled office building features Class A finishes throughout. The interior offers a spacious open floor plan with exposed high ceilings and abundant natural light, designed to support collaboration. The layout also includes multiple breakout rooms, private offices, and large training and conference rooms with state-of-the-art AV systems, along with modern break rooms and gathering areas.
The property includes six updated ADA-compliant restrooms for enhanced accessibility. Recent upgrades include new HVAC with digital controls, a 65% roof replacement with warranty, and energy-efficient LED lighting throughout.
Parking is convenient for both staff and visitors, supporting daily operations for tenants and guests.
The property includes six updated ADA-compliant restrooms for enhanced accessibility. Recent upgrades include new HVAC with digital controls, a 65% roof replacement with warranty, and energy-efficient LED lighting throughout.
Parking is convenient for both staff and visitors, supporting daily operations for tenants and guests.
Key Highlights
- 1980‑built office building with open floor plan, exposed high ceilings, and abundant natural light
- Multiple breakout rooms, private offices, and large training & conference rooms with state‑of‑the‑art AV systems
- Six updated ADA‑compliant restrooms for improved accessibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$715,919
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,318,380
$14.3M
Cap Rate 7%
$10,227,414
$10.2M
Cap Rate 9%
$7,954,656
$8.0M
Market Conditions
NOI Build-Up for 52,367 SF
Gross rent
$1.09M $20.88/SF
− Vacancy
−$138.9K −$2.65/SF
EGI
$954.6K $18.23/SF
− OpEx
−$238.6K −$4.56/SF
NOI
$715.9K $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 Rate 5%
$14,318,380
Cap Rate 7%
$10,227,414
Cap Rate 9%
$7,954,656
Alternative Uses
Best Use
Office B
$10.23M
$8.95M – $11.93M
NOI $715,919 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.78M
$12.06M – $16.07M
NOI $964,424 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 68124, NE
15,503
Population
6,941
Households
2.2
Avg Household Size
39
Median Age
55%
College-Educated
97%
High-School Grad
5.6 sq mi
ZIP Area
2,768
Density / Sq Mi
$96,341
Median Household Income
$56,177
Median Earnings
$1,223
Median Rent
$277,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Omaha, NE
Frequently Asked Questions
What type of property is this?
Office building - Turnkey, remodeled office building with an open-plan layout, multiple meeting spaces, and six ADA-compliant restrooms.
Where is this office building located?
The property is located at 1515 S 75th St Omaha, NE.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: 1980‑built office building with open floor plan, exposed high ceilings, and abundant natural light; Multiple breakout rooms, private offices, and large training & conference rooms with state‑of‑the‑art AV systems; Six updated ADA‑compliant restrooms for improved accessibility
