Omaha Commercial Building For
4036 South 42nd Street, Omaha, NE 68107
Two-story commercial building with signage and parking in Omaha.
Type:Retail
Property size:
2,508 SFLot size:
0.23 AcresPrice / SF:
$189/SF- Added:
- Mar 25, 2026
- Days on Market:
- 59
- Last Refresh:
- Mar 18 at 8:42 am
Property Features for 4036 South 42nd Street
General Information
- Standard status
- Active
- Size
- 2,508 SF
- Lot size
- 0.23 Acres
- Property subtype
- Retail
Listing agent Jason Ruegg
Listing office CBRE | Omaha (402) 697-5842
Listing date Mar 25, 2026
Source Cbre
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 CBRE | Omaha
HighLights
- Ideal for owner/user opportunity
- Excellent S 42nd & F Street exposure
- Convenient access to major highways
- Building signage
- Park‑at‑your‑door / two lots
- Located on hard corner of South 42nd and F Street
Overview
This two-story commercial building, constructed in 1964, is located near neighborhood retail areas and offers convenient access to major highways and the interstate, facilitating travel to various locations within Metro Omaha. Situated on a corner lot at the intersection of South 42nd Street and F Street, the property benefits from high visibility, with approximately 31,388 vehicles passing by daily. The building features HVAC throughout and includes two parking areas. The property also has a fenced side yard. Zoned General Commercial (GC), the building is suitable for an owner/user. Building signage is available. The size per story is 1,254 square feet, totaling 2,508 square feet. The lot size is 0.23 acres. A lease-only scenario is possible.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$320.7K
NOI $28,867 @ 9.00% cap · cautious / downside scenario
Moderate
$412.4K
NOI $28,867 @ 7.00% cap · market / base-case scenario
Aggressive
$577.3K
NOI $28,867 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $17.40 |
| − Vacancy | −$2.4k | −$0.96 |
| EGI | $41.2k | $16.44 |
| − OpEx | −$12.4k | −$4.93 |
| NOI | $28.9k | $11.51 |
2,508 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$412.4K
$360.8K – $481.1K
NOI $28,867 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.6K
$572.8K – $763.7K
NOI $45,822 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Vern Schmidt Insurance
Insurance Agency
Chaos Corner
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Sarpy
- State
- Nebraska
- Longitude
- -95.9760994
- Latitude
- 41.2199091
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Two-story commercial building with signage and parking in Omaha.
Where is this storefront property located?
The property is located at 4036 South 42nd Street Omaha, NE.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Ideal for owner/user opportunity; Excellent S 42nd & F Street exposure; Convenient access to major highways
