Walgreens Retail
For Sale
Contact for pricing
225 N Saddle Creek Rd, Omaha, NE 68131
Walgreens-identified retail space with an established Omaha location and commercial-scale floor area.
Property Size13,578 SF
Price / SF$265.06
Days on Market129
Property Features for 225 N Saddle Creek Rd
General Information
Standard status
Active
Size
13,578 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$306,000
Additional Details
Cap Rate
8.5%
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Kyle Matthews, CCIM · License #20170883
Source:
Crexi
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 2:13PM
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 Matthews
Investment Insights
Based on property information with market context.
This retail space is identified as Walgreens and contains 13,578 square feet. Constructed in 2003, the property presents a recognizable retail format at 225 N Saddle Creek Rd in Omaha, Nebraska.
The property is offered for sale and carries an 8.50% CAP rate. Its address places the asset within Omaha, providing a clearly defined location for evaluating the retail property and its existing commercial configuration.
The property is offered for sale and carries an 8.50% CAP rate. Its address places the asset within Omaha, providing a clearly defined location for evaluating the retail property and its existing commercial configuration.
Key Highlights
- Walgreens‑identified retail space
- 13,578 square feet of retail area
- Built in 2003
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
$164,239
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
4.56%
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%
$3,284,780
$3.3M
Cap Rate 7%
$2,346,271
$2.3M
Cap Rate 9%
$1,824,878
$1.8M
Market Conditions
NOI Build-Up for 13,578 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
$244.4K $18.00/SF
− Vacancy
−$9.8K −$0.72/SF
EGI
$234.6K $17.28/SF
− OpEx
−$70.4K −$5.18/SF
NOI
$164.2K $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 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%
$3,284,780
Cap Rate 7%
$2,346,271
Cap Rate 9%
$1,824,878
Alternative Uses
Best Use
Retail
$2.35M
$2.05M – $2.74M
NOI $164,239 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,061 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,307
Businesses Nearby
Explore this area
Business Placement
Demographics for 68131, NE
13,609
Population
7,861
Households
1.7
Avg Household Size
29
Median Age
46%
College-Educated
91%
High-School Grad
2.1 sq mi
ZIP Area
6,480
Density / Sq Mi
$47,800
Median Household Income
$30,808
Median Earnings
$1,081
Median Rent
$224,500
Median Home Value
Market
Vacancy Rate% for Retail in Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Walgreens-identified retail space with an established Omaha location and commercial-scale floor area.
Where is this retail space located?
The property is located at 225 N Saddle Creek Rd Omaha, NE.
What is the asking price?
The asking price for this property is $3,599,000.
What are key features of this property?
This property features: Walgreens‑identified retail space; 13,578 square feet of retail area; Built in 2003
