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    5222 138Th St Omaha, NE 68137

    Sponsored
    For Lease
    $8 SF/Yr

    Omaha retail center, multiple spaces available

    Lot size:
    128,575 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Deerfield Place, a vibrant retail center in Omaha's Millard area, offers diverse leasing opportunities totaling 59,129 square feet of vacant space within its 128,575-square-foot complex. Situated on a 12.75-acre lot, this two-building, single-story property boasts a prime location with convenient access from Q Street and Discovery Drive. The property, built in 1987, features a variety of space sizes, ranging from 1,600 square feet of in-line retail to substantial junior anchor spaces reaching up to 29,234 contiguous square feet. The flexible zoning (CC) allows for a wide range of uses, including retail, recreational, entertainment, automotive, medical, civic, and warehouse applications. Specific spaces are well-suited for various businesses; for example, one 4,586 square foot space is ideal for a salon, while another end-cap space at 3,560 square feet is well-suited for a childcare center or similar use. The property offers ample parking with a ratio of 6.35 spaces per 1,000 square feet (824 spaces total). Join established tenants such as USPS, Crunch Fitness, and others in this thriving community commercial center. Lease rates range from $8.95 to $15.95 per square foot, triple net, with a 2024 NNNs rate of $3.50 per square foot. This presents a unique opportunity for businesses seeking a well-located and versatile space in a bustling Omaha neighborhood.

    Property Features for 5222 138Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    128,575 SF
    Total Rate
    95895.52

    Building Details

    Year Built
    1987
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    5222 - Junior Anchor 29,234 SF
    Size
    29,234 SF
    Rate per SF
    $8
    Space
    5342 - In-Line Retail 1,600 SF
    Size
    1,600 SF
    Rate per SF
    $15
    Space
    5245 - Storage 3,560 SF
    Size
    3,560 SF
    Space
    5312 - Junior Anchor 20,149 SF
    Size
    20,149 SF
    Rate per SF
    $8
    Space
    5352 - End-cap Retail
    Size
    4,586 SF
    Rate per SF
    $15

    HighLights

    • 128,575 square foot retail center with 59,129 square feet currently available for lease.
    • Multiple spaces available ranging from 1,600 to 29,234 contiguous square feet.
    • Located in the desirable Millard area of Omaha, Nebraska, with convenient access to Q Street and Discovery Drive.
    • Property features two buildings on 12.75 acres of land, built in 1987.
    • Triple net lease, with a 2024 NNN rate of $3.50 per square foot; lease rates range from $8.95 to $15.95 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    SameDay-FlowerDelivery Florist Burger King Restaurant

    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
    -96.1297868
    Latitude
    41.2042002

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    FAQs

    What type of property is this?
    Individual retail property - Omaha retail center, multiple spaces available
    Where is this individual retail property located?
    The property is located at 5222 138Th St Omaha, NE.
    What is the lease rate?
    The lease rate is $0.00-$15 SF/Yr.
    What are key features of this property?
    This property features: 128,575 square foot retail center with 59,129 square feet currently available for lease.; Multiple spaces available ranging from 1,600 to 29,234 contiguous square feet.; Located in the desirable Millard area of Omaha, Nebraska, with convenient access to Q Street and Discovery Drive.
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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
    5222 138Th St Omaha, NE 68137
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