Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    120th St & Ft St Omaha Omaha, NE 68164
    Property profile & analytics

    120th St & Ft St Omaha, Omaha, NE 68164

    View on Map
    • Retail properties & Spaces
    • 0.75 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 120th St & Ft St Omaha

    Lot size
    0.75 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    Exceptional build-to-suit retail land opportunity in Omaha, Nebraska, located at the intersection of N 120th Street & Fort Street, within Douglas County, zip code 68164. This property offers flexible lot sizes ranging from 0.75 to 1.75 acres, priced at $22 per square foot. The site is part of the vibrant Tranquility Commons development, poised for significant growth. This development is planned to include a major investment by the city of Omaha, totaling $54 million, to construct a premier youth multi-sport complex and tournament facility. This complex will feature 16 lighted synthetic turf soccer fields and at least 10 synthetic turf softball/baseball fields. Construction is slated to begin in 2024 and conclude in 2026, creating a dynamic and family-friendly environment that will attract significant foot traffic and enhance the value of this retail property. The developers are committed to collaborating with businesses to create customized build-to-suit solutions, ensuring a tailored approach to meet individual needs and maximize the potential of this exceptional location. This presents a unique chance to establish a retail presence in a rapidly developing area with strong community investment and future growth potential. The property's location offers excellent visibility and accessibility, making it an ideal site for a variety of retail businesses.

    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
    -96.1005
    Latitude
    41.3066

    Comparable in this City

    • Value Estimation by Request
      28,238 SF

      3310 108Th St

      Neighborhood centers
      3310 108Th St, Omaha, NE 68164
      View Details
    • Value Estimation by Request
      22,500 SF

      2906-2946 108Th St

      Retail properties & Spaces
      2906-2946 108Th St, Omaha, NE 68164
      View Details
    • Value Estimation by Request
      37,818 SF

      14242 Fort St

      Strip malls
      14242 Fort St, Omaha, NE 68164
      View Details
    • Value Estimation by Request
      39,420 SF

      10826 Emmet St

      Office Units
      10826 Emmet St, Omaha, NE 68164
      View Details
    • Value Estimation
      $510,000
      12,799 SF

      3615 120th St

      NURSERY, GREENHOUSE, FLORIST
      3615 120th St, Omaha, NE 68164-2518
      View Details
    • Value Estimation by Request

      25130 Hwy

      Land
      25130 Hwy, Omaha, NE 68164
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Lots at 110th & Blondo

      Commercial lots available for sale at 110th & Blondo.
      111th St And Blondo St, Omaha, NE 68164
      View Details
    • Contact for pricing

      1.89 AC Land For Sale

      1.89 AC lot available for purchase.
      11010 Blondo St, Omaha, NE 68164
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      132Nd St, Omaha, NE 68164
      View Details
    • Contact for pricing
      18,720 SF

      Omaha Retail/Office Investment Opportunity

      18,720 SF retail/office building in Omaha, Nebraska for sale.
      10801 Blondo St, Omaha, NE 68164
      View Details
    • Contact for pricing
      58,212 SF

      Mixed-Use Development with Office, Retail

      70-acre mixed-use development with office and retail spaces.
      11808 Grant St, Omaha, NE 68164
      View Details
    • $1,475,000
      1 SF

      Commercial Land on Blondo Street

      Commercial land available on Blondo Street with mixed-use zoning.
      11010 Blondo St, Omaha, NE 68164
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development Office and Retail

      70 AC mixed-use development with office and retail spaces.
      11808 Grant St, Omaha, NE 68164
      View Details
    • Contact for pricing

      Available Commercial Space for Lease

      3,600 SF commercial space available for lease.
      3346 N 108Th St, Omaha, NE 68164
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,794 square feet.
      11002 Emmet St, Omaha, NE 68164
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space Available For Rent

      Retail space available for rent starting April 1st, 2024.
      3310-3346 N 108Th St, Omaha, NE 68164
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space Near Family Fare

      Retail space with ample parking across from Family Fare.
      2906 N 108Th St, Omaha, NE 68164
      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.
    120th St & Ft St Omaha
    Omaha, NE 68164
    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
    120th St & Ft St Omaha, Omaha, NE, 68164
    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!