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    1904 Farnam St Omaha, NE 68102

    Sponsored
    For Lease
    $18 SF/Yr

    Art Deco Landmark, Office & Retail Space

    Lot size:
    51,618 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Service Life Building, a stunning example of Art Deco architecture, presents a unique opportunity in Omaha's vibrant downtown. Originally constructed in 1927 by Kiewit Brothers and designed by John Latenser and Sons, this historic landmark, designated in 1984, offers 51,618 square feet of space across seven stories. Currently undergoing a $25 million renovation (estimated completion September 2025), the building will feature 54 residential units and 5,000 square feet of commercial space, including two office suites and a new breakfast/lunch restaurant. The building's prime location at 1904 Farnam St, Omaha, NE 68102, within the CBD-ACI-1(PL)-*LL zoning district, provides excellent visibility and accessibility. Flexible space options are available, with a minimum divisible unit of 1,198 square feet and a maximum contiguous space of 3,348 square feet. Currently, 5,994 square feet of space is vacant. The 0.2-acre lot offers a blend of historic charm and modern amenities, making it ideal for a variety of businesses. This is a rare chance to secure space in a meticulously restored building with a rich history and a bright future. The building's history as a prominent office space, combined with the upcoming residential and commercial additions, creates a dynamic and attractive environment for tenants.

    Property Features for 1904 Farnam St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,618 SF
    Total Rate
    77427

    Building Details

    Year Built/Renovated
    1927/2024
    Buildings
    1
    Stories
    7

    Unit(s) available at that property

    Space
    Former Law Office
    Size
    1,198 SF
    Rate per SF
    $18
    Space
    Existing Office
    Size
    1,448 SF
    Rate per SF
    $18
    Space
    Former Restaurant
    Size
    3,348 SF
    Rate per SF
    $20

    HighLights

    • Prime downtown Omaha location at the northwest corner of 19th and Farnam Streets, within the Central Business District, near the Flatiron District and courthouse.
    • High walkability (Walk Score 92), convenient public transit access (Transit Score 50), and bike‑friendly (Bike Score 70), including proximity to the proposed Modern Streetcar.
    • Central Business District zoning with Area of Civic Importance overlay (CBDACI‑1(PL)-*LL).
    • Ample parking options including on‑street metered parking and two nearby parking garages.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gross John J Lawyer Fogarty Lund & Gross Attorney Paralegal Power Co. Paralegal Services Provider Josco Sales Employment Agency O!Language School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.941449643692
    Latitude
    41.257640795701

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    FAQs

    What type of property is this?
    Restaurant - Art Deco Landmark, Office & Retail Space
    Where is this restaurant located?
    The property is located at 1904 Farnam St Omaha, NE.
    What is the lease rate?
    The lease rate is $18-$20 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Omaha location at the northwest corner of 19th and Farnam Streets, within the Central Business District, near the Flatiron District and courthouse.; High walkability (Walk Score 92), convenient public transit access (Transit Score 50), and bike-friendly (Bike Score 70), including proximity to the proposed Modern Streetcar.; Central Business District zoning with Area of Civic Importance overlay (CBDACI-1(PL)-*LL).
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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
    1904 Farnam St Omaha, NE 68102
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