Freestanding Retail Building in
For Sale
$2,799,000
8404 North 30th Street, Omaha, NE 68112
Single-story building in Omaha's Florence neighborhood, ready for occupancy.
Property Size15,672 SF
Price / SF$178.60
Days on Market135
Property Features for 8404 North 30th Street
General Information
Standard status
Active
Size
15,672 SF
Property subtype
Retail
Listing Agency:
CBRE | Omaha
(402) 557-6006
Listed By:
Jami Heidemann · License #20070697
(402) 557-6006
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Aug 5 at 6:35AM
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
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 = 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
$216,650
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
7.74%
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%
$4,333,000
$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
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
$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 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%
$4,333,000
Cap Rate 7%
$3,095,000
Cap Rate 9%
$2,407,222
Alternative Uses
Best Use
Specialty Retail
$3.09M
$2.71M – $3.61M
NOI $216,650 @ 7.0% cap · market cap 7.74%
Second Best
Retail
$2.71M
$2.37M – $3.16M
NOI $189,569 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,626 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- I Am Soul Food — 8511 N 30th St, Omaha, NE 68112
- Family Fare Supermarket — 7402 N 30th St, Omaha, NE 68112
- Dollar Fresh Market — 8404 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.
