Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1109 Harney St Omaha, NE 68102

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1109 Harney St Omaha, NE 68102

    View on Map
    • Restaurants
    • 64,865 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Restaurants

    Property Details for 1109 Harney St

    Property size
    64,865 SF
    Property type
    Restaurants

    Description

    This exceptional restaurant space, located at 1109-1111 Harney Street in Omaha, Nebraska, offers a unique opportunity for a discerning operator. The property boasts a total of 64,865 square feet, with 7,200 square feet currently available for lease. Situated in the vibrant Historic Old Market district, this single-tenant space benefits from high visibility and foot traffic. Its proximity to the Gene Lehey Mall ensures a constant flow of potential customers, further enhanced by the area's diverse entertainment options. The property's strategic location also provides convenient access to a structured parking garage, addressing a key concern for both patrons and employees. Future development plans include a streetcar line passing nearby, promising even greater accessibility and increased visibility for the business. The zip code is 68102. This property presents a rare chance to establish or expand a restaurant business in one of Omaha's most desirable and dynamic locations. The building's size and layout offer significant potential for customization and expansion, catering to a wide range of culinary concepts. The property is ideal for a restaurant seeking a prominent location with excellent access and high visibility within a thriving entertainment district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9311
    Latitude
    41.2563

    Comparable in this City

    • Value Estimation by Request
      275,000 SF

      8th & Farnam St Omaha

      Restaurants • 275,000 SF
      8th & Farnam St Omaha, Omaha, NE 68102
      View Details
    • Value Estimation by Request

      1209 Howard St

      Restaurants
      1209 Howard St, Omaha, NE 68102
      View Details
    • Value Estimation by Request
      346,277 SF

      210 Douglas St

      Restaurants • 346,277 SF
      210 Douglas St, Omaha, NE 68102
      View Details
    • Value Estimation by Request
      5,900 SF

      1011 Farnam St

      Restaurants • 5,900 SF
      1011 Farnam St, Omaha, NE 68102
      View Details
    • Value Estimation by Request
      12,735 SF

      1022 Capitol Ave

      Restaurants • 12,735 SF
      1022 Capitol Ave, Omaha, NE 68102
      View Details
    • Value Estimation by Request
      26,772 SF

      745 14Th St

      Restaurants • 26,772 SF
      745 14Th St, Omaha, NE 68102
      View Details

    Similar Nearby for Sale

    • $1,685,000
      6,776 SF

      Prime Old Market Retail Space

      Retail space in a prominent downtown Omaha location.
      501 S 13Th St, Omaha, NE 68102
      View Details
    • Contact for pricing
      10,741 SF

      Downtown Omaha Flexible Mixed-Use Property

      Mixed-use property near Old Market and future streetcar corridor.
      1407 Jackson St, Omaha, NE 68102
      View Details
    • Contact for pricing
      26,144 SF

      Iconic Building in Old Market

      Office building with redevelopment potential in Omaha's Old Market.
      406 S 12Th St, Omaha, NE 68102
      View Details
    • $340,370

      Industrial Land For Sale

      Two parcels of heavy industrial land available for sale.
      23 23Rd St, Omaha, NE 68102
      View Details
    • Contact for pricing
      101,292 SF

      Clean Warehouse Facility For Sale

      Clean warehouse facility with garden level and dock.
      109 N 9Th St, Omaha, NE 68102
      View Details
    • Contact for pricing
      39,365 SF

      Omaha Office Building For Sale

      Office building with 36,740 square feet of space.
      1818 Leavenworth St, Omaha, NE 68102
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Howard Street Retail/Office Space

      Retail and office suites available for lease on Howard Street.
      1501 Howard St, Omaha, NE 68102
      View Details
    • $8 SF/Yr
      400 SF

      Historic Brandeis Building Retail/Office Space

      Retail, office, and restaurant spaces in historic downtown building.
      210 S 16Th St, Omaha, NE 68102
      View Details
    • Contact for pricing

      Historic Downtown Building Opportunities

      Retail, office, and restaurant spaces in historic downtown building.
      210 Douglas St, Omaha, NE 68102
      View Details
    • Contact for pricing

      Restaurant/Retail Space for Lease

      First floor 2,803 SF restaurant/retail space available for lease.
      500 S 18Th St, Omaha, NE 68102
      View Details
    • Contact for pricing

      Howard Street Retail/Office Space

      Retail and office suites available for lease on Howard Street.
      1501 Howard St, Omaha, NE 68102
      View Details
    • $12 SF/Yr

      Old Market Retail Opportunity

      Prime retail space in the heart of Omaha's Old Market.
      1108 Jackson St, Omaha, NE 68102
      View Details
    Request Owner's contact information
    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.
    1109 Harney 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
    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

    Thank You for Inquiry

    1109 Harney St, Omaha, NE, 68102

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!