6606 S 168th St, Omaha, NE 68135

Listing Agency: Cushman & Wakefield | The Lund Company

Listed By: Trey MacKnight · License NE #20180979 Show Phone

Source: Crexi

Added: Sep 29 Changed: Nov 8 Last Checked: Nov 8 at 5:07PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 5,760-square-foot medical office property occupies a 0.79-acre lot in the Mission Pines development. Its former dental clinic build-out provides an existing clinical configuration, and the space can be divided to create smaller suites. Medical, dental, general office, and retail uses are identified for the property.

The property is located within the established Mission Pines development at 6606 S. 168th St in Omaha, Nebraska.

Key Highlights

• 5,760‑square‑foot former dental clinic
• 0.79‑acre lot
• Existing dental build‑out

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,673

Cap Rate

4.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,493,460 $1.5M

Cap Rate 7%

$1,066,757 $1.1M

Cap Rate 9%

$829,700 $829.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,760 SF

Gross rent

$114.0K $19.80/SF

− Vacancy

−$14.5K −$2.51/SF

EGI

$99.6K $17.29/SF

− OpEx

−$24.9K −$4.32/SF

NOI

$74.7K $12.96/SF

Area

ZIP 68135

Vacancy

12.70%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,493,460

Cap Rate 7%

$1,066,757

Cap Rate 9%

$829,700

Alternative Uses

Best Use

Office B

$1.07M

$933.4K – $1.24M (±1% cap)

NOI $74,673 @ 7.0% cap · market cap 4.85%

Second Best

Healthcare Medical

$1.05M

$920.9K – $1.23M (±1% cap)

NOI $73,675 @ 7.0% cap · market cap 4.78%

Theoretical Best

Office A

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,412 @ 7.0% cap · market cap 6.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Farm Bureau Financial ... Insurance Agency Emergency Dentists Now Dental Office Good Life Massage Alternative Medicine Practice Midwest Dental Assistants ... Dental Office Emergency Dental Head ... Corporate Office

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Building Supply Spa & Massage Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

252

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 68135, NE

30,728

Population

10,657

Households

2.9

Avg Household Size

35

Median Age

57%

College-Educated

98%

High-School Grad

7.9 sq mi

ZIP Area

3,890

Density / Sq Mi

$139,563

Median Household Income

$66,712

Median Earnings

$1,757

Median Rent

$323,300

Median Home Value

Market

Properties on Market for Medical Office Space in Omaha

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Omaha, NE

5.5% 2019

13.2% 2020

14.2% 2021

12.6% 2022

11.7% 2023

13.7% 2024

11.9% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - An existing clinical layout can accommodate medical, dental, or general office use.

Where is this medical office space located?

The property is located at 6606 S 168th St Omaha, NE.

What is the asking price?

The asking price for this property is $1,540,000.

What are key features of this property?

This property features: 5,760‑square‑foot former dental clinic; 0.79‑acre lot; Existing dental build‑out