Established Medical Office
For Sale
Contact for pricing
2900 F St, Omaha, NE 68107
Occupational health provider with national network.
Property Size12,625 SF
Price / SF$158.02
Days on Market156
Property Features for 2900 F St
General Information
Standard status
Active
Size
12,625 SF
Property subtype
Office
Zoning
GI
Occupancy
100%
Lease Type
NNN
Net Operating Income
$149,567
Building Details
Year Built
1967
Buildings
1
Tenancy
Single
Listing Agency:
Investors Realty Inc
(402) 801-1190
Listed By:
Jarrot Simon · License #NE 20210625
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 10 at 3:09PM
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 Investors Realty Inc
Investment Insights
Based on property information with market context.
This commercial property is a medical office space. The property size is 12,625 square feet. Concentra, the largest occupational health provider in the United States, operates within this location. Concentra has a nationwide network of medical centers focused on workplace injury care, physical exams, drug testing, and employer health services. They primarily serve employers, insurance carriers, and third party administrators.
Key Highlights
- Largest occupational health provider in the United States.
- Nationwide network of medical centers.
- Focus on workplace injury care.
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
$145,258
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
7.28%
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%
$2,905,160
$2.9M
Cap Rate 7%
$2,075,114
$2.1M
Cap Rate 9%
$1,613,978
$1.6M
Market Conditions
NOI Build-Up for 12,625 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
$257.5K $20.40/SF
− Vacancy
−$15.5K −$1.22/SF
EGI
$242.1K $19.18/SF
− OpEx
−$96.8K −$7.67/SF
NOI
$145.3K $11.51/SF
Area
ZIP 68107
Vacancy
6.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
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%
$2,905,160
Cap Rate 7%
$2,075,114
Cap Rate 9%
$1,613,978
Alternative Uses
Best Use
Office B
$2.75M
$2.40M – $3.21M
NOI $192,339 @ 7.0% cap · market cap 9.64%
Second Best
Healthcare Medical
$2.08M
$1.82M – $2.42M
NOI $145,258 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$3.30M
$2.88M – $3.84M
NOI $230,661 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68107, NE
31,064
Population
10,253
Households
3
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
6.6 sq mi
ZIP Area
4,707
Density / Sq Mi
$59,988
Median Household Income
$34,804
Median Earnings
$1,015
Median Rent
$142,900
Median Home Value
Market
Vacancy Rate% for Office in Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Occupational health provider with national network.
Where is this medical office space located?
The property is located at 2900 F St Omaha, NE.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Largest occupational health provider in the United States.; Nationwide network of medical centers.; Focus on workplace injury care.
