Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1209 Howard St Omaha, NE 68102

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime location, 2,894 sq ft, available soon.

    Lot size:
    5,798 SF

    Property Features for 1209 Howard St

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,798 SF

    Spaces For Lease

    at 1209 Howard St, Omaha, NE 68102 Contact us
    Unit

    $30 /Mo

    Size
    5,798 SF
    Contact us

    We can help!

    Listing Contact
    Jason Levy
    Jason Levy

    Listing Agency: Magnum Development Corp Listing Agent: Jason Levy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 2,894 square foot retail space is ideally situated in the heart of Omaha's vibrant Old Market, at 1209 Howard Street (cross street: 12th Street). The property boasts a highly desirable single-tenancy configuration, perfect for a variety of uses. Its versatile nature accommodates a wide range of businesses, including soft goods retailers, bars, restaurants, ice cream shops, tea and coffee houses, massage parlors, bakeries, specialty stores, and many other possibilities. The Old Market is renowned for its bustling atmosphere, attracting significant foot traffic and offering unparalleled exposure. This prime location is situated on the main thoroughfare of Howard Street, within a neighborhood brimming with restaurants, art galleries, upscale shopping, entertainment venues, and specialty stores, establishing it as a regional destination. The space will be available for occupancy by the end of October or early November 2024. This presents a unique opportunity to establish or expand a business in one of Omaha's most sought-after commercial districts. The property's zip code is 68102.
    Property Profile Location Intelligence

    Current Use by Public Records

    Niche Old Market Furniture & Home Goods

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.932508430271
    Latitude
    41.255489525509

    Nearby Similar for Lease

    • Contact for pricing

      NE, Omaha - S 72nd St

      Workspaces, services and support to help you work better in NJ, Monmouth Junction - Route 1
      1303 72Nd St, Omaha, NE 68114
      View Details
    • Contact for pricing

      NE, Omaha - Nicholas St.

      Discover many ways to work your way in OH, Toledo - Franklin Park
      1113 Nicholas St, Omaha, NE 68102
      View Details
    • Sponsored
      Contact for pricing

      NE, Omaha - 2027 Dodge St

      Flexible workspace in NE, Omaha - 2027 Dodge St
      2027 Dodge St, Omaha, NE 68102
      View Details
    • New
      Contact for pricing

      Linden Place

      Discover many ways to work your way in Linden Place
      14301 Fnb Pkwy, Omaha, NE 68154
      View Details
    • New
      Contact for pricing

      Aksarben Village

      Discover many ways to work your way in Aksarben Village
      2111 67Th St, Omaha, NE 06806
      View Details
    • $20 SF/Yr
      4,317 SF

      Historic Redfield Building Office Space

      Historic building in Omaha's Flatiron District with modern amenities.
      1901 Howard St, Omaha, NE 68102
      View Details
    • $13 SF/Yr
      9,025 SF

      Elkhorn Retail & Office Space

      Retail and office suites available in thriving Elkhorn neighborhood.
      20275 Honeysuckle Dr, Omaha, NE 68022
      View Details
    • New
      Contact for pricing

      Landmark Center

      Discover many ways to work your way in Landmark Center
      1299 Farnam St, Omaha, NE 68102
      View Details
    • $25 SF/Yr
      97,568 SF

      Renovated Office Space Available

      Turnkey office space in a centrally located, landmark building.
      10825 Farnam St, Omaha, NE 68154
      View Details
    • $19 SF/Yr

      Prime Retail/Office Space Available

      Highly visible location with easy interstate access, ideal for retail/office.
      119 119Th St, Omaha, NE 68154
      View Details
    • $26 SF/Yr
      1,618 SF

      Professional Office Space Available

      Turn-key office spaces with ample parking and modern amenities.
      12002 Pacific St, Omaha, NE 68154
      View Details
    • $12 SF/Yr
      61,309 SF

      Omaha Office Space For Rent

      Office space in a premier Omaha office park with amenities.
      11819 Miami St, Omaha, NE 68164
      View Details

    FAQs

    What type of property is this?
    Specialty property - Prime location, 2,894 sq ft, available soon.
    Where is this specialty property located?
    The property is located at 1209 Howard St Omaha, NE.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 2,894 SF retail space available in Omaha's Old Market, 1209 Howard St (cross street: 12th St), zip code 68102.; Excellent storefront visibility and lighting.; High ceilings with hardwood floors.
    Request Owner's contact information
    1209 Howard St Omaha, NE 68102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1209 Howard St
    Omaha, NE 68102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1209 Howard St Omaha, NE 68102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Levy
    Jason Levy
    Real Estate License ID: 20130154
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!