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    Omaha Medical Office Building For Sale Title is generated by Realmo AI

    11425 W Dodge Rd, Omaha, NE 68154

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    Single-tenant medical office building in Omaha, Nebraska available for sale.

    Type:Office
    Property size:
    8,081 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $514/SF
    Added:
    May 19, 2023
    Days on Market:
    1113
    Last Refresh:
    May 13 at 8:19 pm

    Property Features for 11425 W Dodge Rd

    General Information

    Standard status
    Active
    Size
    8,081 SF
    Lot size
    0.51 Acres
    Property subtype
    Office

    We can help!

    Listing Contact
    Jim Gibson

    Listing agent Jim Gibson License #TX 392926

    Listing office Northmarq Capital, LLC

    Listing date May 19, 2023

    Source Crexi

    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 Northmarq Capital, LLC

    HighLights

    • Long‑term, passive net lease with strong tenant (DaVita, Inc.) guaranteed, minimizing landlord responsibilities.
    • DaVita, Inc. boasts a vast network and strong financial performance ($11.61B revenue).
    • Creditworthiness of DaVita, Inc. is rated Ba3 by Moody’s and BB by Standard & Poor's.
    • Newly renovated (2023) medical office building built to tenant's exact specifications.
    • Favorable lease terms include 15‑year initial term with renewal options and 10% rental increases.
    • Strategic location near high‑traffic intersection with large population and high average household income.

    Overview

    This single-tenant medical office facility is available for sale in Omaha, Nebraska. The property includes 0.51 acres of land and an 8,081-square-foot, one-story medical office building. The building was retrofit-to-suit in 2023. It is located southwest of the intersection of West Dodge Road/US-6 and South 114th Street. The surrounding area has a population of approximately 262,000 within a five-mile radius, with an average household income exceeding $104,000 annually. The tenant completed a comprehensive renovation to meet the standards of a new prototype, focusing on patient quality and energy efficiency. The initial lease term is for 15 years, with three 5-year renewal options. The lease includes rental increases of 10% every five years. DaVita, Inc. operates over 2,724 outpatient clinics in 46 states and offers acute inpatient dialysis services in approximately 850 hospitals. The lease is unconditionally guaranteed. DaVita, Inc. generated over $11.61 billion in revenue and over $547 million in net income as of December 31, 2022. DaVita, Inc. has a credit rating of Ba3 by Moody’s Investor Services and BB by Standard & Poor's Rating Service.
    Property Profile Location Intelligence

    Current Use by Public Records

    DaVita Omaha Home ... Medical Clinic DaVita Omaha Home Association / Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Nebraska Dentistry and Oral Surgery for Animals — 10810 Harney St Suite B, Omaha, NE 68154
    • Sirius Veterinary Orthopedic Center — 10810 Harney St, Omaha, NE 68154
    • Meridian Animal Health — Omaha, NE 68154

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0923213
    Latitude
    41.2626466

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    FAQs

    What type of property is this?
    Medical Office Space - Single-tenant medical office building in Omaha, Nebraska available for sale.
    Where is this medical office space located?
    The property is located at 11425 W Dodge Rd Omaha, NE.
    What is the asking price?
    The asking price for this property is $4,159,679.
    What are key features of this property?
    This property features: Long‑term, passive net lease with strong tenant (DaVita, Inc.) guaranteed, minimizing landlord responsibilities.; DaVita, Inc. boasts a vast network and strong financial performance ($11.61B revenue).; Creditworthiness of DaVita, Inc. is rated Ba3 by Moody’s and BB by Standard & Poor's.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jim Gibson
    Real Estate License ID: TX 392926
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    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.

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