Prime Commercial Land
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168th & Giles Rd, Omaha, NE 68136
High-traffic commercial land near West Dodge Road corridor.
Property Size6 SF
Price / SF$2.33
Days on Market211
Property Features for 168th & Giles Rd
General Information
Standard status
Active
Size
6 SF
Property subtype
Land
Listing Agency:
Investors Realty Inc
Listed By:
Brian Kuehl · License #20010775
(402) 778-7537
Source:
Investorsomaha
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 20 at 7:38PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land is located on 168th Street between West Maple Road and the West Dodge Road corridor, an area characterized by high traffic and excellent visibility. The location benefits from a high traffic count of 37,786 cars per day. Neighboring commercial development activity is high. The property is one mile from Village Pointe Shopping Center. The area features strong West Omaha demographics. Current tenants in the vicinity include Scooters, Kitty Lee Dance Studio, and Yellow Brick Road Child Development. 168th Street between West Maple Road and the West Dodge Road corridor has been expanded to four lanes.
Key Highlights
- High traffic location on 168th Street between West Maple Road & West Dodge Road corridor.
- High traffic count of 37,786 cars per day.
- One mile to Village Pointe Shopping Center.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,460
$1.5K
Cap Rate 7%
$1,043
$1.0K
Cap Rate 9%
$811
$811
Market Conditions
NOI Build-Up for 6 SF
Gross rent
$108 $18.00/SF
− Vacancy
−$4 −$0.72/SF
EGI
$104 $17.28/SF
− OpEx
−$31 −$5.18/SF
NOI
$73 $12.10/SF
Area
Omaha, NE
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,460
Cap Rate 7%
$1,043
Cap Rate 9%
$811
Alternative Uses
Best Use
Office B
$1.2K
$1.0K – $1.4K
NOI $82 @ 7.0% cap · market cap 585.71%
Second Best
Retail
$1.0K
$913 – $1.2K
NOI $73 @ 7.0% cap · market cap 521.43%
Theoretical Best
Office A
$1.6K
$1.4K – $1.8K
NOI $110 @ 7.0% cap · market cap 785.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 68136, NE
20,984
Population
7,700
Households
2.7
Avg Household Size
34
Median Age
50%
College-Educated
97%
High-School Grad
8.7 sq mi
ZIP Area
2,412
Density / Sq Mi
$126,483
Median Household Income
$65,919
Median Earnings
$1,671
Median Rent
$339,300
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
Frequently Asked Questions
What type of property is this?
Commercial land - High-traffic commercial land near West Dodge Road corridor.
Where is this commercial land located?
The property is located at 168th & Giles Rd Omaha, NE.
What are key features of this property?
This property features: High traffic location on 168th Street between West Maple Road & West Dodge Road corridor.; High traffic count of 37,786 cars per day.; One mile to Village Pointe Shopping Center.
