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    406 12Th St Omaha, NE 68102

    Sponsored
    For Sale
    $4,495,000

    Historic Office & Retail Investment

    Property size:
    26,144 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This iconic four-story, 26,144 square foot building, located in Omaha's vibrant Old Market at 406 S 12th St, presents a unique owner/user or redevelopment opportunity. Built in 1914 and renovated in 1994, this Class B property boasts a prime location within a thriving historic district, offering easy access to top restaurants, entertainment, and nightlife. The building features attractive natural light, open floor plans, atrium stairs, and high ceilings (10'-13', 12' slab to slab). With a 0.133-acre lot and CBD zoning, the property offers significant potential. The current layout includes a lower level of 8,720 square feet and three upper floors, each approximately 5,808 square feet, adaptable for retail on the main level and office space above. The sturdy concrete floor and column structure allows for potential expansion, with the possibility of adding two additional floors. This is an exceptional chance to acquire a piece of Omaha history and capitalize on its considerable development potential. The asking price is $4,495,000 ($171.93/sq ft). APN: 0314150006.

    Property Features for 406 12Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    26,144 SF
    Class
    B
    Lot Size
    5,793 SF

    Building Details

    Year Built/Renovated
    1914/1994
    Buildings
    1
    Stories
    4

    HighLights

    • Property Type: Office and retail building in Omaha's Old Market.
    • Total Building Size: 26,144 square feet.
    • Lot Size: 0.133 acres.
    • Building Class: Class B.
    • Zoning: Central Business District (CBD).
    • Year Built: 1914, remodeled 1994.
    Property Profile Location Intelligence

    Current Use by Public Records

    C&P Bathroom Remodeling ... Remodeler Facilities Cost Management Architect Rambo Associates Inc Architect

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy 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
    -95.931896396974
    Latitude
    41.256223906998

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Office & Retail Investment
    Where is this office property / space located?
    The property is located at 406 12Th St Omaha, NE.
    What is the asking price?
    The asking price for this property is $4,495,000.
    What are key features of this property?
    This property features: Property Type: Office and retail building in Omaha's Old Market.; Total Building Size: 26,144 square feet.; Lot Size: 0.133 acres.
    (402) 505-7720
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    406 12Th St Omaha, NE 68102
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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
    406 12Th St Omaha, NE 68102
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