Listing Agency: CBRE | Omaha

Listed By: Jami Heidemann · License #20070697 Show Phone

Source: Cbre

Added: Mar 25 Changed: Oct 2 Last Checked: Oct 12 at 6:30PM

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Investment Insights

Based on property information with market context.

This freestanding, single-story building offers an opportunity for retailers and businesses in the Omaha market. The property, formerly a Hy-Vee Dollar Fresh Market, is located in Florence on the northwest corner of North 30th and State Streets. The space is well-maintained and ready for immediate occupancy. The location benefits from a fully lighted intersection and is situated on the city of Omaha bus line. The property is commercially zoned. Real estate taxes are $45,995.48 (2024). The property size is 15,672 square feet.

Key Highlights

• Well‑maintained space ready for immediate occupancy.
• Located at a fully lighted intersection on the northwest corner of North 30th and State Streets.
• Former Hy‑Vee Dollar Fresh Market.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$216,650

Cap Rate

7.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,333,000 $4.3M

Cap Rate 7%

$3,095,000 $3.1M

Cap Rate 9%

$2,407,222 $2.4M

Market Conditions

NOI Build-Up for 15,672 SF

Gross rent

$300.9K $19.20/SF

− Vacancy

−$12.0K −$0.77/SF

EGI

$288.9K $18.43/SF

− OpEx

−$72.2K −$4.61/SF

NOI

$216.6K $13.82/SF

Area

Omaha, NE

Vacancy

4.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,333,000

Cap Rate 7%

$3,095,000

Cap Rate 9%

$2,407,222

Alternative Uses

Best Use

Specialty Retail

$3.09M

$2.71M – $3.61M (±1% cap)

NOI $216,650 @ 7.0% cap · market cap 7.74%

Second Best

Retail

$2.71M

$2.37M – $3.16M (±1% cap)

NOI $189,569 @ 7.0% cap · market cap 6.77%

Theoretical Best

Office A

$4.12M

$3.61M – $4.81M (±1% cap)

NOI $288,626 @ 7.0% cap · market cap 10.31%

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

Property Analytics

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Current Use

Western Union Bank Hy-Vee Drugstore (7062) Pharmacy Omaha Dollar Fresh ... Grocery & Convenience Store Dollar Fresh Market Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Auto Parts Store Spa & Massage Center Building Supply

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

323

Businesses Nearby

14k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 67% Dining 33%

BP Shops & Services

8,158 visits/mo 0.3 miles

Zesto Dining

4,688 visits/mo 0.2 miles

American National Bank Shops & Services

1,547 visits/mo 0.1 miles

Demographics for 68112, NE

11,095

Population

4,560

Households

2.4

Avg Household Size

37

Median Age

25%

College-Educated

87%

High-School Grad

18.1 sq mi

ZIP Area

613

Density / Sq Mi

$57,692

Median Household Income

$39,592

Median Earnings

$1,123

Median Rent

$139,000

Median Home Value

Market

Vacancy Rate% for Retail in Omaha, NE

7.6% 2019

10.2% 2020

8.7% 2021

7.1% 2022

6.1% 2023

6.1% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Family Fare Supermarket — 7402 N 30th St, Omaha, NE 68112
• Dollar Fresh Market — 8404 N 30th St, Omaha, NE 68112
• I Am Soul Food — 8511 N 30th St, Omaha, NE 68112

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Single-story building in Omaha's Florence neighborhood, ready for occupancy.

Where is this grocery and convenience store located?

The property is located at 8404 North 30th Street Omaha, NE.

What is the asking price?

The asking price for this property is $2,799,000.

What are key features of this property?

This property features: Well‑maintained space ready for immediate occupancy.; Located at a fully lighted intersection on the northwest corner of North 30th and State Streets.; Former Hy‑Vee Dollar Fresh Market.