Office-Flex Building with
For Sale
$1,392,160
4912 South 114th Street, Omaha, NE 68137
Centrally located office-flex building offering 30 parking stalls, 3-phase power, and backup generator, with recent roof and HVAC upgrades.
Property Size9,944 SF
Price / SF$140
Days on Market48
Property Features for 4912 South 114th Street
General Information
Standard status
Active
Size
9,944 SF
Total Parking Spaces
30
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Heavy Power
Yes
Listing Agency:
CBRE - Omaha
(402) 697-5808
Listed By:
Cole Scott · License #01234567
(402) 697-5808
Source:
Cbre
Added: Jul 17
Changed: Jul 18
Last Checked: Sep 1 at 2:45PM
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 centrally located office/flex building is configured to support a mix of office and light-flex use. The property offers 30 parking stalls and includes 3-phase power. Additional improvements include a roof replacement completed in August 2024 and HVAC units replaced within the last four years. A backup generator is also in place.
The building is described as having easy access to Q Street and I-80.
With its office/flex layout, on-site power capacity, and recent major mechanical and roof updates, the property is positioned for tenants or buyers looking for a functional space with demonstrated building systems maintenance.
The building is described as having easy access to Q Street and I-80.
With its office/flex layout, on-site power capacity, and recent major mechanical and roof updates, the property is positioned for tenants or buyers looking for a functional space with demonstrated building systems maintenance.
Key Highlights
- Centrally located office/flex building with easy access to Q Street and I‑80
- 30 parking stalls on site
- 3‑phase power and a backup generator
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
$103,159
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
7.41%
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%
$2,063,180
$2.1M
Cap Rate 7%
$1,473,700
$1.5M
Cap Rate 9%
$1,146,211
$1.1M
Market Conditions
NOI Build-Up for 9,944 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
$167.1K $16.80/SF
− Vacancy
−$8.4K −$0.84/SF
EGI
$158.7K $15.96/SF
− OpEx
−$55.5K −$5.59/SF
NOI
$103.2K $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 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%
$2,063,180
Cap Rate 7%
$1,473,700
Cap Rate 9%
$1,146,211
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.27M
NOI $135,946 @ 7.0% cap · market cap 9.77%
Second Best
Flex RnD
$1.47M
$1.29M – $1.72M
NOI $103,159 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,135 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Centrally located office-flex building offering 30 parking stalls, 3-phase power, and backup generator, with recent roof and HVAC upgrades.
Where is this flex space located?
The property is located at 4912 South 114th Street Omaha, NE.
What is the asking price?
The asking price for this property is $1,392,160.
What are key features of this property?
This property features: Centrally located office/flex building with easy access to Q Street and I‑80; 30 parking stalls on site; 3‑phase power and a backup generator
