Retail Space with ABA
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For Sale
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20120 Pierce St, Omaha, NE 68130
Retail property occupied by an ABA center under a long-term lease, with visibility near Pacific Street and 204th Street.
Property Size10,177 SF
Price / SF$328.68
Days on Market3
Property Features for 20120 Pierce St
General Information
Standard status
Active
Size
10,177 SF
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
NAI NP Dodge
(402) 255-6095
Listed By:
Eric Wieseler · License #20050563
(402) 255-6095
Source:
Moodyscre
Added: Aug 7
Changed: Aug 9
Last Checked: Aug 9 at 9:15AM
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 NAI NP Dodge
Investment Insights
Based on property information with market context.
This 10,177-square-foot retail property is occupied by Galliant Autism Care - ABA Center under a long-term lease. The asset is positioned for retail, office, medical, and wellness-oriented uses, providing a commercial format that can accommodate multiple business categories.
The property is located at 20120 Pierce St in Omaha, Nebraska, near Pacific Street and 204th Street. Its setting includes nearby grocery-anchored retail and surrounding commercial activity, with daily traffic supporting the area. The combination of an existing healthcare-related occupant, accessible West Omaha location, and adaptable retail classification gives the property relevance for both investors and operating businesses.
The property is located at 20120 Pierce St in Omaha, Nebraska, near Pacific Street and 204th Street. Its setting includes nearby grocery-anchored retail and surrounding commercial activity, with daily traffic supporting the area. The combination of an existing healthcare-related occupant, accessible West Omaha location, and adaptable retail classification gives the property relevance for both investors and operating businesses.
Key Highlights
- 10,177‑square‑foot retail property
- Galliant Autism Care - ABA Center occupies the property under a long‑term lease
- Near Pacific Street and 204th Street
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
$139,132
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
4.16%
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%
$2,782,640
$2.8M
Cap Rate 7%
$1,987,600
$2.0M
Cap Rate 9%
$1,545,911
$1.5M
Market Conditions
NOI Build-Up for 10,177 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
$212.5K $20.88/SF
− Vacancy
−$27.0K −$2.65/SF
EGI
$185.5K $18.23/SF
− OpEx
−$46.4K −$4.56/SF
NOI
$139.1K $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 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%
$2,782,640
Cap Rate 7%
$1,987,600
Cap Rate 9%
$1,545,911
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.32M
NOI $139,132 @ 7.0% cap · market cap 4.16%
Second Best
Healthcare Medical
$1.97M
$1.72M – $2.30M
NOI $137,756 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,426 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 68130, NE
21,501
Population
8,427
Households
2.6
Avg Household Size
41
Median Age
62%
College-Educated
99%
High-School Grad
7.6 sq mi
ZIP Area
2,829
Density / Sq Mi
$134,421
Median Household Income
$74,655
Median Earnings
$1,532
Median Rent
$384,700
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?
Retail space - Retail property occupied by an ABA center under a long-term lease, with visibility near Pacific Street and 204th Street.
Where is this retail space located?
The property is located at 20120 Pierce St Omaha, NE.
What is the asking price?
The asking price for this property is $3,345,000.
What are key features of this property?
This property features: 10,177‑square‑foot retail property; Galliant Autism Care - ABA Center occupies the property under a long‑term lease; Near Pacific Street and 204th Street
