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18021 R Plaza, Omaha, NE 68135
Two-tenant retail center with mixed-use zoning and service-oriented occupants.
Property Size7,227 SF
Price / SF$220.70
Days on Market6
Property Features for 18021 R Plaza
General Information
Standard status
Active
Size
7,227 SF
Total Parking Spaces
42
Property subtype
Retail
Zoning
Mixed Use
Occupancy
100%
Building Details
Year Built
2009
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Colliers - Omaha, Nebraska
(402) 616-5046
Listed By:
Adam Marek · License #19990664
Source:
Crexi
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 2:52AM
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 Colliers - Omaha, Nebraska
Investment Insights
Based on property information with market context.
This 7,227-square-foot shopping center contains two tenant spaces occupied by a day care or school use and a dental practice. The building was constructed in 2009 and is currently 100% occupied, providing an established retail configuration with service-focused occupancy. The property carries Mixed Use zoning and is located at 18021 R Plaza in Omaha, Nebraska. Its setting is southwest of the 180th and Q Street intersection within Southwest Omaha’s growing commercial corridor.
Key Highlights
- 7,227‑square‑foot shopping center
- 100% occupied by two local tenants
- Tenant uses include day care or school and dental services
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
$92,439
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
5.80%
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%
$1,848,780
$1.8M
Cap Rate 7%
$1,320,557
$1.3M
Cap Rate 9%
$1,027,100
$1.0M
Market Conditions
NOI Build-Up for 7,227 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
$164.8K $22.80/SF
− Vacancy
−$10.7K −$1.48/SF
EGI
$154.1K $21.32/SF
− OpEx
−$61.6K −$8.53/SF
NOI
$92.4K $12.79/SF
Area
ZIP 68135
Vacancy
6.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
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%
$1,848,780
Cap Rate 7%
$1,320,557
Cap Rate 9%
$1,027,100
Alternative Uses
Best Use
Healthcare Medical
$1.32M
$1.16M – $1.54M
NOI $92,439 @ 7.0% cap · market cap 5.80%
Second Best
Retail
$1.17M
$1.03M – $1.37M
NOI $82,039 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.93M
$1.68M – $2.25M
NOI $134,769 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Under-served
Demand for This Use
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 Retail in Omaha, NE
Questions? Ask Rey
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Similar Off Market Nearby
- Hawthorne Court — 17676 Welch Plaza, Omaha, NE 68135
Frequently Asked Questions
What type of property is this?
Shopping center - Two-tenant retail center with mixed-use zoning and service-oriented occupants.
Where is this shopping center located?
The property is located at 18021 R Plaza Omaha, NE.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 7,227‑square‑foot shopping center; 100% occupied by two local tenants; Tenant uses include day care or school and dental services
