Modern Office
For Sale
Contact for pricing
7315 Mercy Rd, Omaha, NE 68124
Modern office space with reception and conference rooms, plus surface parking and eight individual garages.
Property Size15,241 SF
Price / SF$167.31
Days on Market203
Property Features for 7315 Mercy Rd
General Information
Standard status
Active
Size
15,241 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
reception area
conference rooms
Listing Agency:
Colliers | Omaha
(402) 345-5866
Listed By:
Cade Johnson · License #20250639
(402) 763-1749
Source:
Moodyscre
Added: Mar 3
Changed: Sep 9
Last Checked: Sep 21 at 12:14PM
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.
This modern office building includes a reception area and conference rooms, along with eight individual garages in addition to surface parking. The property also includes approximately 5,000 SF of lower level storage space, supporting day-to-day operational needs and additional inventory or records.
The property is centrally located near 72nd & Center with close proximity to I-80, providing convenient access for employees and visitors.
With its office layout, dedicated garage spaces, and on-site storage, the building is well suited for an organization that needs both client-facing space and practical back-of-house utility.
The property is centrally located near 72nd & Center with close proximity to I-80, providing convenient access for employees and visitors.
With its office layout, dedicated garage spaces, and on-site storage, the building is well suited for an organization that needs both client-facing space and practical back-of-house utility.
Key Highlights
- Reception area and conference rooms
- Eight individual garages plus surface parking
- Approximately 5,000 SF of lower level storage space
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
$208,362
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
8.17%
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%
$4,167,240
$4.2M
Cap Rate 7%
$2,976,600
$3.0M
Cap Rate 9%
$2,315,133
$2.3M
Market Conditions
NOI Build-Up for 15,241 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
$318.2K $20.88/SF
− Vacancy
−$40.4K −$2.65/SF
EGI
$277.8K $18.23/SF
− OpEx
−$69.5K −$4.56/SF
NOI
$208.4K $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%
$4,167,240
Cap Rate 7%
$2,976,600
Cap Rate 9%
$2,315,133
Alternative Uses
Best Use
Office B
$2.98M
$2.60M – $3.47M
NOI $208,362 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,688 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,753
Businesses Nearby
Explore this area
Business Placement
Demographics for 68124, NE
15,503
Population
6,941
Households
2.2
Avg Household Size
39
Median Age
55%
College-Educated
97%
High-School Grad
5.6 sq mi
ZIP Area
2,768
Density / Sq Mi
$96,341
Median Household Income
$56,177
Median Earnings
$1,223
Median Rent
$277,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Office building - Modern office space with reception and conference rooms, plus surface parking and eight individual garages.
Where is this office building located?
The property is located at 7315 Mercy Rd Omaha, NE.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Reception area and conference rooms; Eight individual garages plus surface parking; Approximately 5,000 SF of lower level storage space
