Building Details

Building Size 9,750 SF

Year Built 1961

Listing Agency: NAI NP Dodge

Listed By: John Meyer · License #20090339 Show Phone

Source: Nainpdodge

Added: Aug 28 Changed: Oct 15 Last Checked: Oct 20 at 7:22PM

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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

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Investment Insights

Based on property information with market context.

Built in 1961, this flex building occupies 2502 Leavenworth Street in Omaha. The property is situated near the 25th and Leavenworth intersection, placing it three blocks from I-480 for regional connectivity.

The asset is classified as flex space and offers a commercial building format suited to a range of business operations. Its established construction date and location along Leavenworth Street provide a clear basis for evaluating the property.

Key Highlights

• Flex building at 2502 Leavenworth Street in Omaha
• Three blocks from I‑480
• Located near the 25th and Leavenworth intersection

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$101,147

Cap Rate

8.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,022,940 $2.0M

Cap Rate 7%

$1,444,957 $1.4M

Cap Rate 9%

$1,123,856 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,750 SF

Gross rent

$163.8K $16.80/SF

− Vacancy

−$8.2K −$0.84/SF

EGI

$155.6K $15.96/SF

− OpEx

−$54.5K −$5.59/SF

NOI

$101.1K $10.37/SF

Area

Omaha, NE

Vacancy

5.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,022,940

Cap Rate 7%

$1,444,957

Cap Rate 9%

$1,123,856

Alternative Uses

Best Use

Flex RnD

$1.44M

$1.26M – $1.69M (±1% cap)

NOI $101,147 @ 7.0% cap · market cap 8.09%

Second Best

Industrial

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,304 @ 7.0% cap · market cap 7.94%

Theoretical Best

Office A

$2.57M

$2.24M – $2.99M (±1% cap)

NOI $179,562 @ 7.0% cap · market cap 14.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

United Food & Commercial ... Advocacy Group Omaha Homes For Cash Real Estate Agency Underwood Property Management Property Management Company

Suggested Use

Top Pick HVAC Service Catering Service (Bike/Boat/Book/etc) Store Butcher Acupuncture Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,954

Businesses Nearby

Under-served

Demand for This Use

Explore this area 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

Market

Vacancy Rate% for Industrial in Omaha, NE

1.9% 2019

3.4% 2020

3% 2021

2.2% 2022

2.2% 2023

3.2% 2024

2.5% 2025

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Similar Off Market Nearby

• Terrible Gerald's Pizza — 2566 Farnam St, Omaha, NE 68131

Frequently Asked Questions

What type of property is this?

Flex space - Commercial flex space positioned near the 25th and Leavenworth intersection with convenient interstate access.

Where is this flex space located?

The property is located at 2502 Leavenworth Street Omaha, NE.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Flex building at 2502 Leavenworth Street in Omaha; Three blocks from I‑480; Located near the 25th and Leavenworth intersection