Flex Building Near
For Sale
$1,250,000
2502 Leavenworth Street, Omaha, NE 68105
Commercial flex space positioned near the 25th and Leavenworth intersection with convenient interstate access.
Property Size9,750 SF
Days on Market8
Property Features for 2502 Leavenworth Street
General Information
Standard status
Active
Size
9,750 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
9,750 SF
Year Built
1961
Properties For Sale
at 2502 Leavenworth Street Contact us- Size
- 9,750 SF
- Lease Type
- NNN
2502 Leavenworth Street
Listing Agency:
NAI NP Dodge
Listed By:
John Meyer · License #20090339
(402) 255-6067
Source:
Thebrokerlist
Added: Aug 28
Changed: Aug 30
Last Checked: Sep 4 at 2:04AM
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 NAI NP Dodge
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.
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 = 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
$101,147
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
8.09%
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%
$2,022,940
$2.0M
Cap Rate 7%
$1,444,957
$1.4M
Cap Rate 9%
$1,123,856
$1.1M
Market Conditions
NOI Build-Up for 9,750 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
$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 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%
$2,022,940
Cap Rate 7%
$1,444,957
Cap Rate 9%
$1,123,856
Alternative Uses
Best Use
Flex RnD
$1.44M
$1.26M – $1.69M
NOI $101,147 @ 7.0% cap · market cap 8.09%
Second Best
Industrial
$1.42M
$1.24M – $1.66M
NOI $99,304 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$2.57M
$2.24M – $2.99M
NOI $179,562 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
