Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1209 Harney St Omaha, NE 68102

    Sponsored
    For Sale
    $1,100,000

    3,157 SF Fully Renovated Office

    Property size:
    3,157 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional 3,157 square foot office space, located at 1209 Harney Street, Suite 200, in Omaha, Nebraska's vibrant downtown, presents a unique investment opportunity. The property has undergone a complete renovation, boasting modern finishes, a sleek and professional atmosphere, and a spacious, flexible layout ideal for various business configurations. High-speed internet, energy-efficient lighting, updated HVAC systems, and contemporary restrooms are among the modern amenities. Abundant natural light streams in through large windows, creating a bright and welcoming environment. Its prime downtown location offers easy access to restaurants, cafes, shops, and public transportation. Convenient parking is also available, a significant advantage in a bustling urban setting. This property is perfectly suited for a range of businesses, including tech companies, creative agencies, or professional service firms seeking a prestigious address in Omaha's most desirable area. The asking price for this fully renovated, move-in ready office space is $1,100,000. The property is classified as a Creative Office, Medical Office, and Traditional Office, offering versatility for diverse business needs. This is a rare opportunity to acquire a high-quality office space in a thriving downtown location.

    Property Features for 1209 Harney St

    General Information

    Property type
    Medical offices
    Square Feet
    3,157 SF

    We can help!

    Listing Contact
    Karie Milford
    Karie Milford

    Learn more

    HighLights

    • Fully renovated 3,157 SF office space with modern finishes.
    • Open floor plan offering flexible workspace configurations.
    • Modern amenities including high‑speed internet, updated HVAC, and contemporary restrooms.
    • Abundant natural light.
    • Prime downtown Omaha location near restaurants, shops, and public transportation.
    • Convenient parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    studioINSITE Landscape Architect Agape Red Software Company Sharp Exotics Car Rental Agency Sharp Medical Staffing ... Employment Agency The Resume That Works Resume Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9324275
    Latitude
    41.2562073

    Nearby Similar for Sale

    • New
      $375,000

      Queen Anne Triplex in Hanscom Park

      Historic triplex with updated features in a desirable location.
      1936 S St, Omaha, NE 68105
      View Details
    • $650,000

      Historic 6-Plex Near Blackstone

      Historic 6-unit multi-family property near Blackstone District and Nebraska Medicine.
      401 S 38Th Ave, Omaha, NE 68131
      View Details
    • $225,000

      Tenant-Ready Tri-Plex Opportunity

      Non-conforming triplex with separate access, ready for tenants.
      4901 N 14Th St, Omaha, NE 68110
      View Details
    • $530,000
      0.13 Acres

      Omaha Multi-Family Investment Opportunity

      Cash-flowing 6-unit apartment building near transportation and shopping.
      1039 Park Ave, Omaha, NE 68105
      View Details
    • $750,000

      Updated Mixed-Use Property in Omaha

      Modernized triplex with office and outbuilding, ideal for mixed-use.
      2603 N St, Omaha, NE 68104
      View Details
    • $550,000

      Turnkey Townhome Units in Omaha

      Well-kept duplex with long-term tenants in place.
      9221 Blondo St, Omaha, NE 68134
      View Details
    • $899,900

      Omaha Multi-Family Investment Opportunity

      Updated five-unit properties with off-street parking and coin laundry.
      4531 Hamilton St, Omaha, NE 68132
      View Details
    • $925,000

      Omaha Multifamily Investment Opportunity

      Multifamily investment opportunity in South Omaha Vinton Street corridor.
      2416 S 16Th St, Omaha, NE 68108
      View Details
    • $399,000

      Historic Field Club Multi-Family

      Well-maintained five-unit property in the heart of Field Club.
      1618 S Avenue Plz, Omaha, NE 68105
      View Details
    • $395,000
      0.16 Acres

      Omaha Commercial Property For Sale

      Commercial property for sale in Omaha, Nebraska.
      1738 South 32Nd Ave, Omaha, NE 68105
      View Details
    • New
      $395,000
      1.35 Acres

      Updated Multi-Unit Investment Property

      Updated multi-unit property with five income-producing units on 1.35 acres.
      2322 Read St, Omaha, NE 68112
      View Details
    • $475,000

      Omaha Multi-Family Investment Opportunity

      Duplex in convenient location, ideal for investors or owner-occupants.
      10804 Borman Ave, Omaha, NE 68137
      View Details

    FAQs

    What type of property is this?
    Medical office - 3,157 SF Fully Renovated Office
    Where is this medical office located?
    The property is located at 1209 Harney St Omaha, NE.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Fully renovated 3,157 SF office space with modern finishes.; Open floor plan offering flexible workspace configurations.; Modern amenities including high-speed internet, updated HVAC, and contemporary restrooms.
    Request Owner's contact information
    1209 Harney St Omaha, NE 68102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1209 Harney St
    Omaha, NE 68102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1209 Harney St Omaha, NE 68102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Karie Milford
    Karie Milford
    Real Estate License ID: NE 20180416
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.