Freestanding Office
For Sale
Contact for pricing
17670 Welch Plaza, Omaha, NE 68135
Freestanding office building in a mixed-use shopping center anchored by Hy-Vee, suited for professional and medical uses.
Property Size4,096 SF
Price / SF$324.71
Days on Market58
Property Features for 17670 Welch Plaza
General Information
Standard status
Active
Size
4,096 SF
Class
B
Total Parking Spaces
19
Property subtype
Retail, Office, Mixed Use
Zoning
MU
Investment Type
Owner/User
Building Details
Year Built
2007
Stories
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HS | Ambassador Real Estate Commercial Division
(402) 917-3035
Listed By:
Jeff Johnson · License #NE 20100178
Source:
Crexi
Added: Jun 13
Changed: Aug 8
Last Checked: Aug 8 at 3:36PM
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 Berkshire Hathaway HS | Ambassador Real Estate Commercial Division
Investment Insights
Based on property information with market context.
This freestanding office building is available for sale or lease, offering a dedicated standalone setup within Hawthorne Court shopping center. The offering includes approximately 4,096 square feet and is being marketed as an owner-relocation opportunity, with the owner planning to vacate upon sale or lease.
Hawthorne Court is described as a thriving mixed-use development anchored by Hy-Vee grocery, with a 180th and Q Street location in southwest Omaha and many services available within walking distance. The site sits in a retail-oriented environment that supports everyday business traffic from nearby uses.
The space is positioned for professional services, medical office, and retail tenants seeking a freestanding option inside an active center. With the owner expected to vacate, new occupants can plan for timely occupancy aligned with the transaction timeline. This makes the property practical for operators who want direct control of a standalone office footprint rather than a shared suite configuration.
Hawthorne Court is described as a thriving mixed-use development anchored by Hy-Vee grocery, with a 180th and Q Street location in southwest Omaha and many services available within walking distance. The site sits in a retail-oriented environment that supports everyday business traffic from nearby uses.
The space is positioned for professional services, medical office, and retail tenants seeking a freestanding option inside an active center. With the owner expected to vacate, new occupants can plan for timely occupancy aligned with the transaction timeline. This makes the property practical for operators who want direct control of a standalone office footprint rather than a shared suite configuration.
Key Highlights
- Freestanding office building in Hawthorne Court shopping center at 180th and Q Street in southwest Omaha
- Built in 2007
- Located in a thriving mixed‑use development anchored by Hy‑Vee grocery
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
$53,101
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
3.99%
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%
$1,062,020
$1.1M
Cap Rate 7%
$758,586
$758.6K
Cap Rate 9%
$590,011
$590.0K
Market Conditions
NOI Build-Up for 4,096 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
$81.1K $19.80/SF
− Vacancy
−$10.3K −$2.51/SF
EGI
$70.8K $17.29/SF
− OpEx
−$17.7K −$4.32/SF
NOI
$53.1K $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%
$1,062,020
Cap Rate 7%
$758,586
Cap Rate 9%
$590,011
Alternative Uses
Best Use
Office B
$758.6K
$663.8K – $885.0K
NOI $53,101 @ 7.0% cap · market cap 3.99%
Second Best
Healthcare Medical
$748.4K
$654.9K – $873.2K
NOI $52,391 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.09M
$954.8K – $1.27M
NOI $76,382 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
342
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 - Freestanding office building in a mixed-use shopping center anchored by Hy-Vee, suited for professional and medical uses.
Where is this office building located?
The property is located at 17670 Welch Plaza Omaha, NE.
What is the asking price?
The asking price for this property is $1,330,000.
What are key features of this property?
This property features: Freestanding office building in Hawthorne Court shopping center at 180th and Q Street in southwest Omaha; Built in 2007; Located in a thriving mixed‑use development anchored by Hy‑Vee grocery
