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16909 Q Street, Omaha, NE 68135
Established office property serving businesses along Q Street in Omaha.
Property Size5,618 SF
Price / SF$342.65
Days on Market7
Property Features for 16909 Q Street
General Information
Standard status
Active
Size
5,618 SF
Property subtype
Office
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1995
Buildings
1
Tenancy
Single
Listing Agency:
CBRE - Omaha
(402) 334-8877
Listed By:
Scott Schneiderman · License #NE 19990230
Source:
Crexi
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 7:51AM
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 CBRE - Omaha
Investment Insights
Based on property information with market context.
This office building was constructed in 1995 and is located at 16909 Q Street in Omaha, Nebraska. The property sits within an established area supported by nearby retail amenities and service providers, with access from West Omaha, Millard, and Elkhorn.
Key Highlights
- Office building constructed in 1995
- Located at 16909 Q Street in Omaha, NE 68135
- Nearby retail amenities and service providers
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
$72,832
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
3.78%
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%
$1,456,640
$1.5M
Cap Rate 7%
$1,040,457
$1.0M
Cap Rate 9%
$809,244
$809.2K
Market Conditions
NOI Build-Up for 5,618 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
$111.2K $19.80/SF
− Vacancy
−$14.1K −$2.51/SF
EGI
$97.1K $17.29/SF
− OpEx
−$24.3K −$4.32/SF
NOI
$72.8K $12.96/SF
Area
ZIP 68135
Vacancy
12.70%
Lease Rate
$19.80 /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%
$1,456,640
Cap Rate 7%
$1,040,457
Cap Rate 9%
$809,244
Alternative Uses
Best Use
Office B
$1.04M
$910.4K – $1.21M
NOI $72,832 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,764 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 68135, NE
30,728
Population
10,657
Households
2.9
Avg Household Size
35
Median Age
57%
College-Educated
98%
High-School Grad
7.9 sq mi
ZIP Area
3,890
Density / Sq Mi
$139,563
Median Household Income
$66,712
Median Earnings
$1,757
Median Rent
$323,300
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?
Office building - Established office property serving businesses along Q Street in Omaha.
Where is this office building located?
The property is located at 16909 Q Street Omaha, NE.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: Office building constructed in 1995; Located at 16909 Q Street in Omaha, NE 68135; Nearby retail amenities and service providers
