Turnkey Historic Office or
For Sale
$450,000
5916 Maple Street, Omaha, NE 68104
Fully renovated space offers flexible office and retail options with an added finished lower-level for storage or offices.
Property Size2,000 SF
Days on Market93
Property Features for 5916 Maple Street
General Information
Standard status
Active
Size
2,000 SF
Class
C
Property subtype
Office
Additional Details
Business Included
Yes
Building Details
Building Size
2,000 SF
Year Built
1912
Listing Agency:
NAI NP Dodge
(308) 920-1369
Listed By:
Hilke Meyer · License #20250143
(308) 920-1369
Source:
Nainpdodge
Added: Jun 1
Changed: Aug 14
Last Checked: Aug 31 at 2:41PM
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 NAI NP Dodge
Investment Insights
Based on property information with market context.
This for-sale property provides a turnkey professional setting with minimal modifications required. It has been thoughtfully renovated to preserve the historic charm and character of Benson, making it well-suited for an owner-operator who wants a finished, ready-to-use environment. In addition to the main layout, there is 2,000 SF of bonus space in a fully finished lower level, which can support extra offices and storage as your needs change.
The building is positioned in the heart of historic Benson, within walking distance of a mix of prominent restaurants, retailers, and entertainment. That surrounding draw can support businesses seeking a walk-in customer base while also serving professional office users who benefit from nearby amenities.
With its flexible configuration and turnkey condition, the property fits both owner-users and investors. The combination of renovated character, versatile bonus space, and recent roof replacement with warranty can appeal to a tenant or buyer looking for long-term value and a space that can support office operations or retail use without extensive redevelopment.
The building is positioned in the heart of historic Benson, within walking distance of a mix of prominent restaurants, retailers, and entertainment. That surrounding draw can support businesses seeking a walk-in customer base while also serving professional office users who benefit from nearby amenities.
With its flexible configuration and turnkey condition, the property fits both owner-users and investors. The combination of renovated character, versatile bonus space, and recent roof replacement with warranty can appeal to a tenant or buyer looking for long-term value and a space that can support office operations or retail use without extensive redevelopment.
Key Highlights
- Office building built in 1912, fully renovated to preserve historic character
- 2,000 SF finished lower level with additional offices and storage
- Recent roof replacement with warranty
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
$33,300
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
7.40%
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%
$666,000
$666.0K
Cap Rate 7%
$475,714
$475.7K
Cap Rate 9%
$370,000
$370.0K
Market Conditions
NOI Build-Up for 2,000 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
$48.0K $24.00/SF
− Vacancy
−$3.6K −$1.80/SF
EGI
$44.4K $22.20/SF
− OpEx
−$11.1K −$5.55/SF
NOI
$33.3K $16.65/SF
Area
ZIP 68104
Vacancy
7.50%
Lease Rate
$24.00 /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%
$666,000
Cap Rate 7%
$475,714
Cap Rate 9%
$370,000
Alternative Uses
Best Use
Office B
$475.7K
$416.3K – $555.0K
NOI $33,300 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$697.7K
$610.5K – $814.0K
NOI $48,840 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 68104, NE
36,706
Population
16,330
Households
2.2
Avg Household Size
34
Median Age
31%
College-Educated
84%
High-School Grad
6.6 sq mi
ZIP Area
5,562
Density / Sq Mi
$57,488
Median Household Income
$38,703
Median Earnings
$1,049
Median Rent
$157,700
Median Home Value
Market
Vacancy Rate% for Office in Omaha, NE
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully renovated space offers flexible office and retail options with an added finished lower-level for storage or offices.
Where is this office building located?
The property is located at 5916 Maple 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: Office building built in 1912, fully renovated to preserve historic character; 2,000 SF finished lower level with additional offices and storage; Recent roof replacement with warranty
