Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1011 Farnam St Omaha, NE 68102
    Back to Search
    Property profile & analytics

    1011 Farnam St, Omaha, NE 68102

    View on Map
    • Retail properties & Spaces
    • 5,900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1011 Farnam St

    Property type
    Retail properties & Spaces
    Property subtype
    Commercial kitchens

    Description

    This exceptional 5,900-square-foot, three-story property in Omaha's vibrant Old Market offers a unique blend of commercial opportunities. Currently configured as a turnkey restaurant and bar, this space also boasts adaptable layouts suitable for creative office, executive office, medical office, coworking, or traditional office uses. Located at 1011 Farnam St, 68102, this multi-use building benefits from its prime location on the revitalized RiverFront, directly accessible from the former Gene Leahy Mall. The property includes on-site parking and one of the largest outdoor patio areas in the area, providing significant potential for outdoor seating and events. The entire 5,900 square feet is available, presenting a rare chance to acquire a fully equipped and established business or to create a unique and versatile workspace in a highly desirable location. The building's adaptable nature allows for a variety of uses, catering to diverse business needs. This is an exceptional opportunity to establish a presence in the heart of Omaha's Old Market.

    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
    -95.9299
    Latitude
    41.2576

    Comparable in this City

    • Value Estimation by Request
      26,772 SF

      745 14Th St

      Restaurants
      745 14Th St, Omaha, NE 68102
      View Details
    • Value Estimation by Request

      1113 2Nd St

      Office Units
      1113 2Nd St, Omaha, NE 68102
      View Details
    • Value Estimation by Request
      12,735 SF

      1022 Capitol Ave

      Restaurants
      1022 Capitol Ave, Omaha, NE 68102
      View Details
    • Value Estimation by Request
      275,000 SF

      8th & Farnam St Omaha

      Restaurants
      8th & Farnam St Omaha, Omaha, NE 68102
      View Details
    • Value Estimation by Request
      3,157 SF

      1209 Harney St

      Medical Office Space
      1209 Harney St, Omaha, NE 68102
      View Details
    • Value Estimation by Request
      8,448 SF

      1408 Howard St

      Office Units
      1408 Howard St, Omaha, NE 68102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Omaha Office/Retail Space

      Renovated office/retail space in the heart of Downtown Omaha.
      1209 Harney 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
    • 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
    • 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

    Similar Nearby for Lease

    • 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
      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

      Howard Street Retail/Office Space

      Retail and office suites available for lease on Howard Street.
      1501 Howard St, Omaha, NE 68102
      View Details
    • $22 SF/Yr

      Historic Mixed-Use Property with Patio

      Mixed-use property in the Old Market with a rooftop patio.
      1402 Howard St, Omaha, NE 68102
      View Details
    • Contact for pricing

      Collaborative Office Space for Rent

      Full-service leases, utilities included, collaborative workspaces, downtown location.
      1905 Harney 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.
    1011 Farnam 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
    1011 Farnam 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!