Omaha Commercial Building For
For Sale
$450,000
4036 South 42nd Street, Omaha, NE 68107
Two-story commercial building with signage and parking in Omaha.
Property Size2,508 SF
Lot Size0.23 Acres
Price / SF$179.43
Days on Market203
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 Agency:
CBRE | Omaha
Listed By:
Jason Ruegg · License #NE#20040459
(402) 697-5842
Source:
Cbre
Added: Mar 25
Changed: Oct 13
Last Checked: Oct 12 at 6:00PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Ideal for owner/user opportunity
- Excellent S 42nd & F Street exposure
- Convenient access to major highways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,867
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,340
$577.3K
Cap Rate 7%
$412,386
$412.4K
Cap Rate 9%
$320,744
$320.7K
Market Conditions
NOI Build-Up for 2,508 SF
Gross rent
$43.6K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$41.2K $16.44/SF
− OpEx
−$12.4K −$4.93/SF
NOI
$28.9K $11.51/SF
Area
ZIP 68107
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,340
Cap Rate 7%
$412,386
Cap Rate 9%
$320,744
Alternative Uses
Best Use
Retail
$412.4K
$360.8K – $481.1K
NOI $28,867 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.6K
$572.8K – $763.7K
NOI $45,822 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
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 $450,000.
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
