Prime Omaha location, flexible development options.
Property size:
5,000 SF
Description
Added:
Dec 11, 2024
Days on Market:
391
This exceptional commercial land offering in Omaha, Nebraska, presents a unique investment opportunity. Located at the southeast corner of 204th and West Center Road, this property comprises two contiguous lots (Lot 3: 1.223 acres, Lot 4: 3.42 acres), totaling 4.643 acres, and is zoned MU (Mixed Use). The site boasts unparalleled visibility to over 50,000 vehicles daily on a major growth corridor between Elkhorn and Gretna. The property is situated amidst a thriving community, with nearby amenities including Hy-Vee, Starbucks, luxury apartments, and a variety of retail and service businesses. The high-income demographics ($133,764 average household income) and proximity to established residential developments (Privada, Grandview, and Blue Sage, featuring over 500 homes valued at $400,000+) create a strong foundation for future development. The developer offers flexible deal structures, including build-to-suit, land lease, reverse build-to-suit, and outright sale, catering to diverse investment strategies. The available square footage ranges from 5,000 to 45,000 square feet, with land value priced at $20 to $25 per square foot. Full access is provided off 204th Street, ensuring convenient access and optimal visibility to both 204th Street and West Center Road. This is an ideal location for retailers, restaurants, office, medical, and fitness users seeking high visibility and a strong market presence.
Property Features for 0 Center Rd
General Information
Property type
Mixed-use properties
Square Feet
5,000 SF
Class
A
Lot Size
43,560 SF
HighLights
4.643‑acre commercial land parcel in Omaha, NE, at the high‑traffic intersection of 204th and West Center Road.
Located on a major growth corridor between Elkhorn and Gretna, with daily visibility to over 50,000 vehicles.
High‑income demographics with an average household income of $133,764.
Full access from 204th Street, providing excellent visibility to both 204th Street and West Center Road.
Exceptional visibility and adjacency to strong retail anchors including Hy‑Vee, Starbucks, and numerous other businesses.
Across the street from established residential communities (Privada, Grandview, and Blue Sage) with over 500 homes valued at $400,000+.
Mixed-use property - Prime Omaha location, flexible development options.
Where is this mixed-use property located?
The property is located at Center Rd Omaha, NE.
What are key features of this property?
This property features: 4.643-acre commercial land parcel in Omaha, NE, at the high-traffic intersection of 204th and West Center Road.; Located on a major growth corridor between Elkhorn and Gretna, with daily visibility to over 50,000 vehicles.; High-income demographics with an average household income of $133,764.
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Center Rd Omaha, NE 68022
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Center Rd Omaha, NE 68022
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Realmo Value Estimation
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
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These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
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AI approach
Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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Center Rd Omaha, NE 68022
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Center Rd, Omaha, NE
Mitch Hohlen
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Center Rd, Omaha, NE
Mitch Hohlen
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Center Rd, Omaha, NE
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Center Rd, Omaha, NE
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to Center Rd Omaha, NE 68022
Center Rd, Omaha, NE
Mitch Hohlen
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