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    950 10Th St Omaha, NE 68108

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    For Lease
    Contact for pricing

    Historic Omaha coworking & office space available.

    Lot size:
    81,935 SF

    Property Features for 950 10Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    81,935 SF
    Total Rate
    157042.08

    Building Details

    Year Built/Renovated
    1890/2015
    Stories
    4

    Spaces For Lease

    at 950 10Th St, Omaha, NE 68108 Contact us
    Unit Second Floor

    $23 /Mo

    Size
    23,176 SF
    Contact us

    We can help!

    Listing Contact
    Jeffrey Wyatt
    Jeffrey Wyatt

    Listing Agency: Colliers - Omaha, Nebraska Listing Agent: Jeffrey Wyatt

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

    Learn more

    Property Insight Report

    Overview

    The Rail & Commerce Building, a beautifully renovated historic property (1890, renovated 2015) located at 950 S 10th St, Omaha, NE 68108, offers flexible office space ideal for creative businesses and coworking environments. This four-story building in Douglas County boasts 81,935 total square feet, with 23,176 square feet currently vacant and immediately available. Spaces are divisible to a minimum of 2,000 square feet, allowing for customization to suit various business needs, with a maximum contiguous space of 23,176 square feet. The building is equipped with elevators for convenient access to all floors. Committed to sustainability, the Rail & Commerce Building utilizes rooftop solar panels and renewable energy credits to achieve carbon neutrality. A comprehensive composting and recycling program contributes to its zero-waste initiative. An additional 46,000 square feet of space can be made available upon request, providing significant expansion opportunities for growing businesses. This unique property blends historic charm with modern amenities, offering a distinctive and environmentally conscious workspace in the heart of Omaha.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Highline Warren Industrial Manufacturer Verdis Group Environmental Consultant Infinite 8 Institute Consultant xtDirect LLC Telecommunications Service Commerce Village Coworking & Hybrid Office

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -95.9301127
    Latitude
    41.2503917

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    FAQs

    What type of property is this?
    Office space - Historic Omaha coworking & office space available.
    Where is this office space located?
    The property is located at 950 10Th St Omaha, NE.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Beautifully renovated historic building (1890, renovated 2015) offering 81,935 SF of flexible office space.; 23,176 SF of immediately available space, divisible to 2,000 SF minimum.; On-site amenities include a 20,000 SF co-working space, cafe with outdoor patio, and 2,000 SF fitness center.
    (402) 763-1747 Call to check price and availability
    Request Owner's contact information
    950 10Th St Omaha, NE 68108
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    Omaha, NE 68108
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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.

    More about this property
    950 10Th St Omaha, NE 68108
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeffrey Wyatt
    Jeffrey Wyatt
    Real Estate License ID: 20090135
    (402) 763-1747 (402) 203-4524
    Learn more
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