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    4963 Radial Hwy Omaha, NE 68104

    For Sale
    $260,000

    Renovated 4,800 SF Retail Space, High Traffic

    Property size:
    4,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 4,800 square foot retail storefront, located at 4963 NW Radial Hwy in Omaha, Nebraska, presents a unique investment opportunity. Built in 1923 and recently renovated, the property boasts updated electrical and plumbing systems, along with fresh cosmetic upgrades throughout. The building offers excellent visibility and accessibility from NW Radial Hwy, situated in the vibrant Southeast Benson neighborhood, just two minutes from the bustling Benson main strip. The property includes approximately 2,250 square feet of newly poured parking and an additional 2,400 square feet of valuable storage space. Its strategic location is surrounded by a mix of fast-food restaurants, residential areas, and other retail businesses, ensuring high foot traffic and strong potential for success. The asking price is $260,000, translating to $54.17 per square foot. A modified lease is in place, with tenants responsible for all utilities and interior maintenance. The gross monthly lease rent is $1,845. This property is ideal for a variety of retail or office uses and offers a compelling combination of location, modern amenities, and strong rental income potential. The zip code is 68104, and the property is situated in Douglas County.

    Property Features for 4963 Radial Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,800 SF

    Building Details

    Year Built
    1923

    HighLights

    • Fully renovated interior.
    • 2,250 SF of new parking.
    • 2,400 SF of storage space.
    • Street‑level retail space on high‑traffic street.
    • Modified gross lease: Tenant pays all utilities and interior maintenance.
    • $1,845 gross monthly rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9898509
    Latitude
    41.2812631

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    FAQs

    What type of property is this?
    Individual retail property - Renovated 4,800 SF Retail Space, High Traffic
    Where is this individual retail property located?
    The property is located at 4963 Radial Hwy Omaha, NE.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Fully renovated interior.; 2,250 SF of new parking.; 2,400 SF of storage space.
    Request Owner's contact information
    4963 Radial Hwy Omaha, NE 68104
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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
    4963 Radial Hwy Omaha, NE 68104
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