Storefront Property with
For Sale
Contact for pricing
Pending
7355 Dodge St, Omaha, NE 68114
Long-term leased storefront with an on-site lighted billboard and dedicated parking.
Property Size14,220 SF
Days on Market207
Property Features for 7355 Dodge St
General Information
Standard status
Pending
Size
14,220 SF
Total Parking Spaces
30
Property subtype
Retail
Occupancy
100%
Investment Type
Sale/Leaseback
Additional Details
Traffic Count
76,000 vehicles/day
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Arena Development Group
(949) 254-3991
Listed By:
Randy Benson · License #CA 00946856
Source:
Crexi
Added: Feb 3
Changed: Aug 29
Last Checked: Aug 29 at 5:23PM
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 Arena Development Group
Investment Insights
Based on property information with market context.
This storefront property at 7355 Dodge St in Omaha, Nebraska contains approximately 14,220 square feet, including a 4,740-square-foot basement. The building is equipped with a 2,100-pound, eight-passenger elevator and includes approximately 30 parking stalls. A lighted billboard occupies the northeast corner of the property and is subject to a separate lease with scheduled increases during its term.
The storefront is located across from the Crosslands Development on Dodge Street, where reported daily traffic counts exceed 76,00 cars per day. The existing building lease is approaching renewal, providing flexibility for a new owner to pursue continued tenancy or occupy the property.
The storefront is located across from the Crosslands Development on Dodge Street, where reported daily traffic counts exceed 76,00 cars per day. The existing building lease is approaching renewal, providing flexibility for a new owner to pursue continued tenancy or occupy the property.
Key Highlights
- Approximately 14,220 square feet, including a 4,740‑square‑foot basement
- 2,100 lb, 8‑passenger elevator serves the building
- Approximately 30 parking stalls
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
$172,005
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
6.37%
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%
$3,440,100
$3.4M
Cap Rate 7%
$2,457,214
$2.5M
Cap Rate 9%
$1,911,167
$1.9M
Market Conditions
NOI Build-Up for 14,220 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
$256.0K $18.00/SF
− Vacancy
−$10.2K −$0.72/SF
EGI
$245.7K $17.28/SF
− OpEx
−$73.7K −$5.18/SF
NOI
$172.0K $12.10/SF
Area
Omaha, NE
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,440,100
Cap Rate 7%
$2,457,214
Cap Rate 9%
$1,911,167
Alternative Uses
Best Use
Retail
$2.46M
$2.15M – $2.87M
NOI $172,005 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,885 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
76,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,180
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 68114, NE
18,078
Population
8,437
Households
2.1
Avg Household Size
38
Median Age
52%
College-Educated
97%
High-School Grad
5.8 sq mi
ZIP Area
3,117
Density / Sq Mi
$73,361
Median Household Income
$44,430
Median Earnings
$1,220
Median Rent
$273,100
Median Home Value
Market
Vacancy Rate% for Retail in Omaha, NE
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Long-term leased storefront with an on-site lighted billboard and dedicated parking.
Where is this storefront property located?
The property is located at 7355 Dodge St Omaha, NE.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Approximately 14,220 square feet, including a 4,740‑square‑foot basement; 2,100 lb, 8‑passenger elevator serves the building; Approximately 30 parking stalls
