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    Property profile & analytics

    102nd & Nicholas St Omaha, NE 68114

    • Office Properties & Spaces
    • 319,646 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 102nd & Nicholas St

    Year built
    2005
    Property size
    319,646 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    Westplex Office Park, located at N 102nd & Nicholas Streets in Omaha, Nebraska (zip code 68114), presents a compelling investment opportunity. This four-building office complex, totaling 319,646 square feet, offers a diverse range of spaces suitable for various professional businesses. Constructed in 2005, the buildings are three stories each and boast a minimum divisible space of 3,695 square feet. Currently, there is 49,344 square feet of vacant space available, providing immediate opportunities for lease income generation. The property is zoned for General Commercial use within Douglas County and benefits from its convenient location near the cross street of Nicholas Street. The multiple tenancy structure allows for flexibility and diversification of income streams. This well-maintained property offers a significant opportunity for investors seeking a substantial presence in the Omaha office market. The property's size and location make it an ideal choice for a variety of tenants and investment strategies. The existing infrastructure and modern design provide a solid foundation for long-term growth and profitability.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0718
    Latitude
    41.271

    Comparable in this City

    • Value Estimation by Request
      53,324 SF

      440 Regency Pkwy

      Office space • 53,324 SF
      440 Regency Pkwy, Omaha, NE 68114
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    • Value Estimation by Request

      CLOCKTOWER VILLAGE VISION SPECIALISTS SUBLEASE

      Office | Omaha, NE
      827 North 98th Street | Omaha, NE 68114, Omaha, NE 68114
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    • Value Estimation by Request
      94,335 SF

      450 Regency Parkway Dr

      Office Properties & Spaces • 94,335 SF
      450 Regency Parkway Dr, Omaha, NE 68114
      View Details
    • Value Estimation by Request
      47,191 SF

      444 Regency Pkwy

      Office Properties & Spaces • 47,191 SF
      444 Regency Pkwy, Omaha, NE 68114
      View Details
    • Value Estimation by Request
      3,911 SF

      76 76Th St

      Office Properties & Spaces • 3,911 SF
      76 76Th St, Omaha, NE 68114
      View Details
    • Value Estimation by Request
      25,860 SF

      7503 Pacific Plz

      Office Properties & Spaces • 25,860 SF
      7503 Pacific Plz, Omaha, NE 68114
      View Details

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    102nd & Nicholas St
    Omaha, NE 68114
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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
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