Leased Flex Space
For Sale
$2,764,976
4131 South 143rd Circle, Omaha, NE 68137
76% leased through August 2034, with annual rent escalations and available finished office space.
Property Size21,544 SF
Price / SF$128.34
Days on Market168
Property Features for 4131 South 143rd Circle
General Information
Standard status
Active
Size
21,544 SF
Property subtype
Office
Occupancy
76%
Listing Agency:
CBRE - Omaha
Listed By:
Dale Scott · License #NE#0970005
(402) 697-5846
Source:
Cbre
Added: May 8
Changed: Oct 21
Last Checked: Oct 20 at 6:41PM
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 flex space building is currently 76% leased through August 2034, with annual rent escalations designed to support steady income growth. The remaining vacant space provides potential for additional leasing, or the opportunity for an owner-occupant to move in if desired.
In addition to the income stream, the property is also available for lease and features a nicely finished office space with a private exterior entrance. Building signage is available. A second-floor/mezzanine space is included at no extra cost.
Overall, the building offers a mix of leased space and space that can be completed through leasing or occupied by an owner, along with dedicated office presentation and an additional mezzanine level.
In addition to the income stream, the property is also available for lease and features a nicely finished office space with a private exterior entrance. Building signage is available. A second-floor/mezzanine space is included at no extra cost.
Overall, the building offers a mix of leased space and space that can be completed through leasing or occupied by an owner, along with dedicated office presentation and an additional mezzanine level.
Key Highlights
- 76% leased through August 2034
- Annual rent escalations are in place
- Finished office space available with a private exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$223,497
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,469,940
$4.5M
Cap Rate 7%
$3,192,814
$3.2M
Cap Rate 9%
$2,483,300
$2.5M
Market Conditions
NOI Build-Up for 21,544 SF
Gross rent
$361.9K $16.80/SF
− Vacancy
−$18.1K −$0.84/SF
EGI
$343.8K $15.96/SF
− OpEx
−$120.3K −$5.59/SF
NOI
$223.5K $10.37/SF
Area
Omaha, NE
Vacancy
5.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,469,940
Cap Rate 7%
$3,192,814
Cap Rate 9%
$2,483,300
Alternative Uses
Best Use
Office B
$4.21M
$3.68M – $4.91M
NOI $294,532 @ 7.0% cap · market cap 10.65%
Second Best
Flex RnD
$3.19M
$2.79M – $3.72M
NOI $223,497 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$5.67M
$4.96M – $6.61M
NOI $396,768 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
76%
Occupancy
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Omaha, NE
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Frequently Asked Questions
What type of property is this?
Flex space - 76% leased through August 2034, with annual rent escalations and available finished office space.
Where is this flex space located?
The property is located at 4131 South 143rd Circle Omaha, NE.
What is the asking price?
The asking price for this property is $2,764,976.
What are key features of this property?
This property features: 76% leased through August 2034; Annual rent escalations are in place; Finished office space available with a private exterior entrance
