Former Retail Building on
For Sale
Contact for pricing
9313 Binney St, Omaha, NE
Freestanding building with potential for retail or religious use.
Property Size11,880 SF
Lot Size1.19 Acres
Price / SF$140.99
Days on Market732
Property Features for 9313 Binney St
General Information
Standard status
Active
Size
11,880 SF
Lot size
1.19 Acres
Property subtype
RETAIL
Listing Agency:
OMNE Partners
(402) 697-8899
Listed By:
Colin Fangman · License #20230189
(402) 504-2997
Source:
Moodyscre
Added: Sep 12, 2024
Changed: Sep 12
Last Checked: Sep 13 at 11:35AM
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 OMNE Partners
Investment Insights
Based on property information with market context.
This freestanding building, formerly a retail strip center, is currently occupied by a single user and being sold "As-Is." The current buildout includes a worship hall, fellowship room, private classrooms, offices, and storage rooms. The property is located at the northeast corner of 93rd and Maple, a prime corner location with a full-movement signalized intersection. Excellent signage opportunities are available on Maple Street, and the area is designated for monument signage. Front-door parking is available. The building offers potential to be divided into individual storefronts. Each bay is separately metered, with rooftop units extending across the roof. The property is less than a mile from the I-680 interchange off Maple St.
Key Highlights
- Prime corner location at 93rd and Maple (NEC) with a full‑movement signalized intersection.
- Less than a mile from the I‑680 interchange off Maple St.
- Excellent signage opportunities on Maple Street; area designated for monument signage.
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
$143,700
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
8.58%
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%
$2,874,000
$2.9M
Cap Rate 7%
$2,052,857
$2.1M
Cap Rate 9%
$1,596,667
$1.6M
Market Conditions
NOI Build-Up for 11,880 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
$213.8K $18.00/SF
− Vacancy
−$8.6K −$0.72/SF
EGI
$205.3K $17.28/SF
− OpEx
−$61.6K −$5.18/SF
NOI
$143.7K $12.10/SF
Area
Omaha, NE
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,874,000
Cap Rate 7%
$2,052,857
Cap Rate 9%
$1,596,667
Alternative Uses
Best Use
Retail
$2.05M
$1.80M – $2.40M
NOI $143,700 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.73M – $3.65M
NOI $218,790 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Retail in Omaha, NE
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding building with potential for retail or religious use.
Where is this storefront property located?
The property is located at 9313 Binney St Omaha, NE.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Prime corner location at 93rd and Maple (NEC) with a full‑movement signalized intersection.; Less than a mile from the I‑680 interchange off Maple St.; Excellent signage opportunities on Maple Street; area designated for monument signage.
