Office Building with New
New
For Sale
$925,000
412 North 85th Street, Omaha, NE 68114
The 3,618-square-foot property includes furniture available for purchase.
Property Size3,618 SF
Price / SF$255.67
Days on Market2
Property Features for 412 North 85th Street
General Information
Standard status
Active
Size
3,618 SF
Property subtype
Office
Listing Agency:
CBRE - Omaha
Listed By:
Dale Scott · License #NE#0970005
(402) 697-5846
Source:
Cbre
Added: Oct 19
Last Checked: Oct 19 at 2:42PM
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
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Investment Insights
Based on property information with market context.
This 3,618-square-foot office building has a new roof and a recently updated parking lot. Furniture is available, providing an option to acquire furnishings with the property.
Located at 412 North 85th Street in Omaha, the property is offered for sale. Its office classification supports an owner-occupant or investor purchase.
Located at 412 North 85th Street in Omaha, the property is offered for sale. Its office classification supports an owner-occupant or investor purchase.
Key Highlights
- 3,618‑square‑foot office building
- New roof and parking lot
- Furniture available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,462
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,240
$989.2K
Cap Rate 7%
$706,600
$706.6K
Cap Rate 9%
$549,578
$549.6K
Market Conditions
NOI Build-Up for 3,618 SF
Gross rent
$75.5K $20.88/SF
− Vacancy
−$9.6K −$2.65/SF
EGI
$65.9K $18.23/SF
− OpEx
−$16.5K −$4.56/SF
NOI
$49.5K $13.67/SF
Area
Omaha, NE
Vacancy
12.70%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,240
Cap Rate 7%
$706,600
Cap Rate 9%
$549,578
Alternative Uses
Best Use
Office B
$706.6K
$618.3K – $824.4K
NOI $49,462 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.9K
$832.9K – $1.11M
NOI $66,631 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 68114, NE
18,078
Population
8,437
Households
2.1
Avg Household Size
38
Median Age
52%
College-Educated
97%
High-School Grad
5.8 sq mi
ZIP Area
3,117
Density / Sq Mi
$73,361
Median Household Income
$44,430
Median Earnings
$1,220
Median Rent
$273,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Omaha, NE
Frequently Asked Questions
What type of property is this?
Office building - The 3,618-square-foot property includes furniture available for purchase.
Where is this office building located?
The property is located at 412 North 85th Street Omaha, NE.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 3,618‑square‑foot office building; New roof and parking lot; Furniture available
