Office Building with Private Exterior
For Sale
Contact for pricing
4131 S 143rd Cir, Omaha, NE 68137
Nicely finished office space with a private exterior entrance and building signage, plus second-floor/mezzanine area included.
Property Size21,410 SF
Price / SF$161.14
Days on Market65
Property Features for 4131 S 143rd Cir
General Information
Standard status
Active
Size
21,410 SF
Property subtype
OFFICE
Occupancy
76%
Listing Agency:
Colliers | Omaha
(402) 616-5046
Listed By:
Adam Marek · License #20200382
(402) 616-5046
Source:
Moodyscre
Added: Jun 17
Changed: Jul 29
Last Checked: Jul 29 at 3:07PM
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 Colliers | Omaha
Investment Insights
Based on property information with market context.
The property is a multi-level office building totaling 21,410 SF, offered for sale and for lease. It is currently 76% leased through August 2034, with annual rent escalations described as providing steady income growth. Remaining vacant space may support lease-up activity, and owner-user occupancy is also an option.
For leasing, the available space is described as nicely finished and includes a private exterior entrance and building signage available. The listing also notes that second floor/mezzanine space is included at no extra cost.
The building’s layout and leasing flexibility make it suitable for a tenant seeking a private entry and exterior-facing identity, as well as an owner looking to occupy while leasing out remaining space.
For leasing, the available space is described as nicely finished and includes a private exterior entrance and building signage available. The listing also notes that second floor/mezzanine space is included at no extra cost.
The building’s layout and leasing flexibility make it suitable for a tenant seeking a private entry and exterior-facing identity, as well as an owner looking to occupy while leasing out remaining space.
Key Highlights
- 21,410 SF office building
- 76% leased through August 2034
- Annual rent escalations described in the leasing terms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$292,700
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,854,000
$5.9M
Cap Rate 7%
$4,181,429
$4.2M
Cap Rate 9%
$3,252,222
$3.3M
Market Conditions
NOI Build-Up for 21,410 SF
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.
Gross rent
$447.0K $20.88/SF
− Vacancy
−$56.8K −$2.65/SF
EGI
$390.3K $18.23/SF
− OpEx
−$97.6K −$4.56/SF
NOI
$292.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,854,000
Cap Rate 7%
$4,181,429
Cap Rate 9%
$3,252,222
Alternative Uses
Best Use
Office B
$4.18M
$3.66M – $4.88M
NOI $292,700 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.63M
$4.93M – $6.57M
NOI $394,300 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
76%
Occupancy
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Explore this area
Business Placement
Demographics for 68137, NE
26,537
Population
10,834
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,159
Density / Sq Mi
$82,256
Median Household Income
$49,784
Median Earnings
$1,337
Median Rent
$232,800
Median Home Value
Market
Vacancy Rate% for Office in Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Nicely finished office space with a private exterior entrance and building signage, plus second-floor/mezzanine area included.
Where is this office building located?
The property is located at 4131 S 143rd Cir Omaha, NE.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 21,410 SF office building; 76% leased through August 2034; Annual rent escalations described in the leasing terms
