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    20109 Franklin Cir Omaha, NE 68022

    Sponsored
    For Sale
    $1,750,000

    Omaha flex space; 7,500 sq ft, 5 units.

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,500-square-foot flex building in Omaha's desirable Elkhorn area presents a lucrative investment opportunity. Built in 2023, this property boasts five individual units, each with its own bathroom and individually metered utilities, perfect for owner-users or investors seeking diverse income streams. The asking price is $1,750,000, translating to $233.33 per square foot and $350,000 per unit. Situated on a one-acre lot zoned Community Commercial, this property offers significant flexibility. The building features a substantial 17-foot ceiling height, adding to its versatility. Located just minutes from the West Dodge Expressway, this prime location ensures easy access and high visibility. This development, Elkhorn Edge Business Park, already has two buildings sold and fully leased, demonstrating strong market demand. The developer is actively involved in assisting future buyers with tenant placement, further enhancing the investment potential. This is a rare opportunity to acquire a modern, well-located flex space in a thriving Omaha neighborhood. The property is currently vacant, allowing for immediate occupancy or lease-up.

    Property Features for 20109 Franklin Cir

    General Information

    Property type
    Flex space
    Square Feet
    7,500 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2023
    Units
    5

    HighLights

    • $1,750,000 asking price for a 7,500 square foot flex building.
    • Located at 20109 Franklin Circle, Omaha, NE 68022.
    • Property features five units, each with its own bathroom and individually metered utilities.
    • Situated on a one‑acre lot in the popular Elkhorn area, minutes from the West Dodge Expressway.
    • Building boasts 17‑foot ceilings and is zoned Community Commercial.
    • Built in 2023 and currently vacant, ideal for owner‑users or investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    In The Moment Creative Studio Photography Studio ETS Performance - West ... Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.230628529658
    Latitude
    41.273930613701

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    FAQs

    What type of property is this?
    Flex space - Omaha flex space; 7,500 sq ft, 5 units.
    Where is this flex space located?
    The property is located at 20109 Franklin Cir Omaha, NE.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price for a 7,500 square foot flex building.; Located at 20109 Franklin Circle, Omaha, NE 68022.; Property features five units, each with its own bathroom and individually metered utilities.
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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. 

    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.

    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.

    More about this property
    20109 Franklin Cir Omaha, NE 68022
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