Flat Commercial Land
2406 LEAVENWORTH ST, Omaha, NE 68105
For Sale
Contact for pricing
DS - Downtown Special Use zoning accompanies existing occupied space on the parcel.
Property Size16,860 SF
Price / SF$204.63
Days on Market102
Property Features for 2406 LEAVENWORTH ST
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Nebraska Realty
Listed By:
Ryan Basye · License NE #20230226
(402) 660-7929
Source:
Crexi
Added: Aug 4
Changed: Nov 5
Last Checked: Nov 12 at 7:04AM
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 Nebraska Realty
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Investment Insights
Based on property information with market context.
This commercial land offering consists of a flat 0.45-acre parcel at 2406 Leavenworth St in Omaha, Nebraska. The property includes over 16,000 square feet of occupied space, with existing improvements dating to 1913. Its downtown-oriented zoning designation is DS - Downtown Special Use.
The parcel represents one-half of a city block and is located close to the Omaha Streetcar route. The site also sits along the trajectory of the city’s modern transit corridor, adding a transportation-related element to its downtown setting.
The parcel represents one-half of a city block and is located close to the Omaha Streetcar route. The site also sits along the trajectory of the city’s modern transit corridor, adding a transportation-related element to its downtown setting.
Key Highlights
- 0.45‑acre flat commercial land parcel
- DS - Downtown Special Use zoning
- Over 16,000 square feet of occupied space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$209,401
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,188,020
$4.2M
Cap Rate 7%
$2,991,443
$3.0M
Cap Rate 9%
$2,326,678
$2.3M
Market Conditions
NOI Build-Up for 16,860 SF
Gross rent
$364.2K $21.60/SF
− Vacancy
−$29.1K −$1.73/SF
EGI
$335.0K $19.87/SF
− OpEx
−$125.6K −$7.45/SF
NOI
$209.4K $12.42/SF
Area
Omaha, NE
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,188,020
Cap Rate 7%
$2,991,443
Cap Rate 9%
$2,326,678
Alternative Uses
Best Use
Mixed Use
$2.99M
$2.62M – $3.49M
NOI $209,401 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.44M
$3.88M – $5.18M
NOI $310,505 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,282
Businesses Nearby
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Business Placement
Demographics for 68105, NE
22,669
Population
10,633
Households
2.1
Avg Household Size
32
Median Age
35%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
6,297
Density / Sq Mi
$53,253
Median Household Income
$36,969
Median Earnings
$1,010
Median Rent
$187,600
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Commercial land - DS - Downtown Special Use zoning accompanies existing occupied space on the parcel.
Where is this commercial land located?
The property is located at 2406 LEAVENWORTH ST Omaha, NE.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 0.45‑acre flat commercial land parcel; DS - Downtown Special Use zoning; Over 16,000 square feet of occupied space
