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    60 60Th St Omaha, NE 68104
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    60 60Th St, Omaha, NE 68104

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    • Retail properties & Spaces
    • 37,954 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 60 60Th St

    Year built
    1965
    Property type
    Retail properties & Spaces

    Description

    Mid-K Plaza, located at the prominent 60th & Ames intersection in Omaha, Nebraska (zip code 68104), presents a unique leasing opportunity. This single-story, 37,954 square foot retail building, constructed in 1965 and extensively renovated in 2014, currently offers 1,500 square feet of immediately available space. The property is zoned CC and situated in Douglas County. The building features a single suite, ideal for a variety of retail uses. Ample parking is provided, with a ratio of 4.16 spaces per 1,000 square feet. This location benefits from high visibility and convenient access, making it an attractive option for businesses seeking a strong presence in a thriving Omaha neighborhood. The property's recent renovation ensures modern amenities and functionality. Interested parties should inquire about lease terms and conditions. This is a chance to secure a well-maintained retail space in a prime Omaha location with excellent visibility and ample parking. The 1,500 square foot space is ready for immediate occupancy.

    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
    -96.0059
    Latitude
    41.2995

    Comparable in this City

    • Value Estimation by Request
      5,400 SF

      6572 Maple St

      Neighborhood centers
      6572 Maple St, Omaha, NE 68104
      View Details
    • Value Estimation by Request
      8,032 SF

      6605 Maple St

      Office Units
      6605 Maple St, Omaha, NE 68104
      View Details
    • Value Estimation by Request
      1,456 SF

      6501 Ames Ave

      RETAIL STORES (PERSONAL SERVICES)
      6501 Ames Ave, Omaha, NE 68104-1926
      View Details
    • Value Estimation by Request
      1,242 SF

      6535 Blondo St

      AUTO REPAIR, GARAGE
      6535 Blondo St, Omaha, NE 68104-4725
      View Details
    • Value Estimation
      $505,000
      4,912 SF

      5006 Ames Ave

      FINANCIAL BUILDING
      5006 Ames Ave, Omaha, NE 68104-2323
      View Details
    • Value Estimation by Request
      8,000 SF

      4420 60th St

      PARKING GARAGE, PARKING STRUCTURE
      4420 60th St, Omaha, NE 68104
      View Details

    Similar Nearby for Sale

    • $500,000

      Turnkey Historic Office or Retail

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      Historic Benson Retail Building For Sale

      Retail building in Benson entertainment district, great walkability.
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    • $245,000

      Updated Retail Building For Sale

      Renovated retail building with value-add potential available for sale.
      4963 Northwest Radial Hwy, Omaha, NE 68104
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      Pending

      Updated Retail Building For Sale

      Renovated retail building in Southeast Benson neighborhood, suitable for retail/office.
      4963 NW Radial Hwy, Omaha, NE 68104
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      Development Opportunity on 72nd Street

      Block available for retail or mixed-use development.
      7117 Maple St, Omaha, NE 68104
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    Similar Nearby for Lease

    • $14 SF/Yr

      Retail-Ready Storefront Suites

      Flexible storefront suites with prominent Ames Avenue frontage and customer parking support retail, service, and office uses.
      6057-6059 Ames Ave, Omaha, NE 68104
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    • $14 SF/Yr

      Northwest Radial Highway Commercial Space

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      Redevelopment Retail Space in Benson

      Redeveloped retail space suitable for restaurant or retail.
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      89,625 SF

      Omaha Commercial Land - 2 Acres

      Prime Omaha location, 89,625 sq ft lot, high traffic.
      7117 Maple St, Omaha, NE 68104
      View Details
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    60 60Th St
    Omaha, NE 68104
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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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