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Omaha Commercial Building For Sale

4036 South 42nd Street Omaha, NE 68107

4036 South 42nd Street, Omaha, NE, 68107
$450,000
For Sale
Claim this Listing
$450,000

Two-story commercial building with signage and parking in Omaha.

Property Size2,508 SF
Lot Size0.23 Acres
Price / SF$179.43
AddedMar 25
Days on Market113
Last RefreshJul 4 at 11:17 pm

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 office CBRE | Omaha

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


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

Local Financial Insights For Retail

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 $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 Uses

Best Use
Retail
$412.4K
$360.8K – $481.1K (±1% cap)
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 (±1% cap)
NOI $45,822 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Vern Schmidt Insurance Insurance Agency Chaos Corner (Bike/Boat/Book/etc) Store

Suggested Use

Law Firm Real Estate Agency Spa & Massage Center Hair Salon Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Bakery Furniture & Home Goods Computer & Electronic Repair

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

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 $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
Contact an agent
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