Freestanding Office
For Sale
Contact for pricing
2611 S 117th Street, Omaha, NE 68144
Freestanding office building with recent roof and interior renovations, seconds from I-680, in a highly accessible Omaha location.
Property Size6,431 SF
Price / SF$225.47
Days on Market102
Property Features for 2611 S 117th Street
General Information
Standard status
Active
Size
6,431 SF
Class
C
Property subtype
Office
Zoning
General Office
Investment Type
Owner/User
Site & Location
Neighborhood
Skylark-Cryer Neighborhood Association
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1996
Year Renovated
2019
Buildings
1
Listing Agency:
Cushman & Wakefield | The Lund Company
Listed By:
Richard Secor · License #NE 0850068
(402) 548-4010
Source:
Crexi
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 30 at 11:38AM
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 Cushman & Wakefield | The Lund Company
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Investment Insights
Based on property information with market context.
Freestanding office building with a single-building setup and approximately 6,431 SF, built in 1996. Recent upgrades include a newer roof completed in 2019, interior renovations, and a parking lot resurfacing and striping.
The building is located along Arbor Street just north of West Center Road, positioned for easy access near the intersection of 120th and 114th Streets. It is seconds away from I-680.
With the recent improvements to the roof, interior, and parking lot, the property offers a refreshed option for an office tenant looking for a standalone facility in a convenient, drive-friendly location.
The building is located along Arbor Street just north of West Center Road, positioned for easy access near the intersection of 120th and 114th Streets. It is seconds away from I-680.
With the recent improvements to the roof, interior, and parking lot, the property offers a refreshed option for an office tenant looking for a standalone facility in a convenient, drive-friendly location.
Key Highlights
- 6,431 SF standalone office building built in 1996
- New roof completed in 2019
- Interior renovations completed recently
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,919
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,758,380
$1.8M
Cap Rate 7%
$1,255,986
$1.3M
Cap Rate 9%
$976,878
$976.9K
Market Conditions
NOI Build-Up for 6,431 SF
Gross rent
$134.3K $20.88/SF
− Vacancy
−$17.1K −$2.65/SF
EGI
$117.2K $18.23/SF
− OpEx
−$29.3K −$4.56/SF
NOI
$87.9K $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 Rate 5%
$1,758,380
Cap Rate 7%
$1,255,986
Cap Rate 9%
$976,878
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $87,919 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,437 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 68144, NE
24,994
Population
11,209
Households
2.2
Avg Household Size
38
Median Age
46%
College-Educated
96%
High-School Grad
7.3 sq mi
ZIP Area
3,424
Density / Sq Mi
$81,887
Median Household Income
$46,271
Median Earnings
$1,138
Median Rent
$248,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Omaha, NE
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with recent roof and interior renovations, seconds from I-680, in a highly accessible Omaha location.
Where is this office building located?
The property is located at 2611 S 117th Street Omaha, NE.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 6,431 SF standalone office building built in 1996; New roof completed in 2019; Interior renovations completed recently
