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    11404 Dodge Rd Omaha, NE 68154

    Sponsored
    For Lease
    $16 SF/Yr

    Omaha, NE Class A Office Building

    Lot size:
    99,616 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This prestigious Class A office building, located at 11404 W. Dodge Road in Omaha, Nebraska, offers 99,616 square feet of versatile space. Built in 1989, this seven-story building sits on a 4.43-acre lot at the prominent intersection of 114th & W Dodge Rd, boasting a Community Commercial (CC) zoning designation. The property features one building with multiple tenants and offers flexible space options, with a minimum divisible space of 1,534 square feet and a maximum contiguous space of 11,645 square feet. Modern conveniences include elevators. Currently undergoing significant improvements under new ownership, the building's common areas are being completely updated, enhancing the overall tenant experience. This iconic West Dodge Expressway location provides excellent visibility and accessibility. The property is zoned CC, allowing for a variety of commercial uses. This is an exceptional opportunity to secure prime office space in a highly desirable Omaha location. The building's size and layout offer a range of possibilities for businesses of all sizes, from small startups to large corporations. The strategic location ensures easy access to major transportation routes and a wealth of amenities. Don't miss this chance to be part of this revitalized landmark property. Contact us today to learn more about available spaces and lease terms.

    Property Features for 11404 Dodge Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    99,616 SF
    Class
    A
    Total Rate
    136972

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    7

    Unit(s) available at that property

    Space
    Fifth Floor
    Size
    1,534 SF
    Rate per SF
    $16
    Space
    Fourth Floor
    Size
    11,645 SF
    Rate per SF
    $16

    We can help!

    Listing Contact
    Mike Rensch
    Mike Rensch

    Learn more

    Property Insight Report

    HighLights

    • Excellent West Dodge Expressway location, less than one mile from I‑680.
    • High visibility to over 64,000 vehicles daily.
    • Prime location convenient for clients, employees, and customers.
    • Abundant natural light and great Omaha views from numerous windows.
    • Flexible floor plans featuring open space, private offices, and support areas.
    • Building amenities include a shared conference room and breakroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    McGill Gotsdiner Workman ... Law Firm Knowles Law Firm Personal Injury Attorney Ms. Meghan Herek Counselor Frank J. Ward ... Bank FNBO Bank

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -96.091753003342
    Latitude
    41.264083644368

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    FAQs

    What type of property is this?
    Office Property / Space - Omaha, NE Class A Office Building
    Where is this office property / space located?
    The property is located at 11404 Dodge Rd Omaha, NE.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Excellent West Dodge Expressway location, less than one mile from I-680.; High visibility to over 64,000 vehicles daily.; Prime location convenient for clients, employees, and customers.
    Request Owner's contact information
    11404 Dodge Rd Omaha, NE 68154
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    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
    11404 Dodge Rd Omaha, NE 68154
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    We can help!
    Listing Contact
    Mike Rensch
    Mike Rensch
    Real Estate License ID: NE 20090079
    Learn more
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