Listing Agency: CBRE | Omaha

Listed By: Jami Heidemann · License #20070697 Show Phone

Source: Cbre

Added: Mar 25 Changed: Nov 3 Last Checked: Nov 6 at 5:55AM

Report an Issue

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 CBRE | Omaha

Ask AI about this property

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 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

Is this asking price fair?

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

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

Open Analytics

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

Similar For Sale Nearby

See more

Manufacturing Property with Drive-In Doors

4340 S 90th Street, Omaha, NE 68127

$2,964,000

15,642 SF

View details

Multi-Building Industrial Investment

17512 Storage Road, Omaha, NE 68138

$2,590,000

16,408 SF

View details

Flex Warehouse with Showroom

13211 Chandler Road, Omaha, NE 68138

$2,956,800

17,600 SF

View details

Single-Story Retail Building

11204 Davenport Street, Omaha, NE 68154

$2,073,732

15,250 SF

View details

Historic Downtown Office Building

1809 Capitol Ave, Omaha, NE 68102

$2,042,500

16,125 SF

View details

Renovated Flex Space

8906 L St, Omaha, NE 68127

$2,543,750

13,740 SF

View details

End-Cap Retail Space

3253 Dodge Street, Omaha, NE 68131

$4,245,500

17,000 SF

View details

Residential Income Property with Rooftop

1402 Leavenworth Street, Omaha, NE 68102

$3,000,000

12,379 SF

View details

Office Building with Dental Lease

14211 Arbor St, Omaha, NE 68144

$3,200,000

12,864 SF

View details

Walgreens Retail Space

225 N Saddle Creek Rd, Omaha, NE 68131

$3,599,000

13,578 SF

View details

Leased Flex Space Building

4131 South 143rd Circle, Omaha, NE 68137

$2,764,976

21,544 SF

View details

Fully Leased Retail Two-Building Portfolio

14110 S Street, Omaha, NE 68137

$2,400,000

11,180 SF

View details

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.