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Class B Flex Building

3809 S 148TH ST Omaha, NE 68154

3809 S 148TH ST, Omaha, NE, 68154
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10,000 SF flex building in Altech Business Park.

Property Size10,000 SF
Price / SF$197
AddedMay 26
Days on Market51
Last RefreshMay 27 at 8:26 am

Property Features for 3809 S 148TH ST

General Information

Standard status
Active
Size
10,000 SF
Property subtype
Industrial, Mixed Use

Building Details

Year Built
2016

Listing office Lee & Associates - Omaha Nebraska

Listing date May 26, 2026

Source Crexi

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 Lee & Associates - Omaha Nebraska


Investment Insights

Based on property information with market context.

This 10,000 SF Class B flex building, constructed in 2016, is located in the Altech Business Park. It is suitable for investment, lease, or owner/user opportunities. The building features high ceilings and abundant windows, with a mix of private offices, a conference room, and a kitchen. The shop space includes two 10' drive-in doors, 14' clear height, 600-amp/3-phase power, and floor drains. The property is located near S. 148th Street and F Street in southwest Omaha, within an established office/industrial corridor with strong surrounding tenant demand. The location provides convenient access to I-80 and quick connectivity across the Omaha metro. It is ideal for an owner/user or tenant seeking higher-end office space that allows for shop or storage space.

Key Highlights

  • 10,000 SF Class B Flex Building - investment, lease, or owner/user opportunity.
  • Built in 2016 with high ceilings and abundant windows, offering modern office and shop space.
  • Features two 10’ drive‑in doors, 14' clear height in the shop space, and 600‑amp/3‑phase power.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $208.8k $20.88
− Vacancy −$26.5k −$2.65
EGI $182.3k $18.23
− OpEx −$45.6k −$4.56
NOI $136.7k $13.67
10,000 SF · lease $20.88/SF/yr · vacancy 12.70% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.95M
$1.71M – $2.28M (±1% cap)
NOI $136,712 @ 7.0% cap · market cap 6.94%
Second Best
Warehouse
$1.77M
$1.55M – $2.06M (±1% cap)
NOI $123,675 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M (±1% cap)
NOI $184,166 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Law Firm Pharmacy Hotel & Motel Grocery & Convenience Store Parking Lot & Garage Restaurant Food Market Barber Shop (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Pleasure Your Palate Catering — 14505 Grover St, Omaha, NE 68144
  • Catering for Hope — 15555 Industrial Rd, Omaha, NE 68144

FAQs

What type of property is this?
Flex space - 10,000 SF flex building in Altech Business Park.
Where is this flex space located?
The property is located at 3809 S 148TH ST Omaha, NE.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: 10,000 SF Class B Flex Building - investment, lease, or owner/user opportunity.; Built in 2016 with high ceilings and abundant windows, offering modern office and shop space.; Features two 10’ drive‑in doors, 14' clear height in the shop space, and 600‑amp/3‑phase power.
Contact an agent
(402) 871-4506 Call to check price and availability
More about this property
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