Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9224 108Th St Omaha, NE 68142
    Back to Search
    Property profile & analytics

    9224 108Th St, Omaha, NE 68142

    View on Map
    • Industrial properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • OMA 4 Rent, LLC / Property Management Company
    • My Space Self Storage / Storage Facility
    • River Stone Custom Homes, LLC / Construction Company / General Contractor
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 9224 108Th St

    Year built
    2019
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 3,000-square-foot Class A flex space, built in 2019, presents a unique opportunity in northwest Omaha's thriving commercial market. Ideally situated for convenient access to Highway 680, this single-tenant property offers a versatile layout perfect for a variety of businesses. The space is thoughtfully divided, featuring approximately half warehouse space equipped with two 14-foot garage doors, ensuring efficient loading and unloading capabilities. The office area boasts a professional design, including a welcoming lobby, two private offices providing individual workspaces, a dedicated conference room for meetings and presentations, and a comfortable break room for employee relaxation. This is a gross lease, meaning all operating expenses are included in the rental rate, simplifying budgeting and financial planning. Furthermore, high-speed internet access is included, eliminating the need for separate service contracts. The building's three-phase power supply caters to businesses with higher energy demands. This turnkey solution offers immediate occupancy and a seamless transition for your business. Don't miss this chance to secure a premium flex space in a highly desirable location.

    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
    -96.0823
    Latitude
    41.3436

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      9225 108Th St

      Land
      9225 108Th St, Omaha, NE 68142
      View Details
    • Value Estimation by Request
      22.60 Acres

      133 Rainwood Rd & Hwy

      Land
      133 Rainwood Rd & Hwy, Omaha, NE 68142
      View Details
    • Value Estimation by Request
      119.00 Acres

      11220 Rainwood Rd

      Land
      11220 Rainwood Rd, Omaha, NE 68142
      View Details
    • Value Estimation
      $15,190,000
      175,000 SF

      9575 109th Ave

      MANUFACTURING (LIGHT)
      9575 109th Ave, Omaha, NE 68142-1123
      View Details
    • Value Estimation by Request
      1,517 SF

      13203 State St

      MINI-WAREHOUSE, STORAGE
      13203 State St, Omaha, NE 68142
      View Details
    • Value Estimation
      $4,020,000
      48,672 SF

      9904 109th Ave

      MANUFACTURING (LIGHT)
      9904 109th Ave, Omaha, NE 68142-1127
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land Ready for Development

      Industrial pad ready sites available in early 2025.
      9225 N 108Th St, Omaha, NE 68142
      View Details
    • Contact for pricing

      General Industrial Land For Sale

      Strategic industrial land with site improvements and highway access.
      11220 Rainwood Rd, Omaha, NE 68142
      View Details
    • Contact for pricing

      Land Opportunity at N 108th

      Land available at N 108th Street and Rainwood Road.
      108th St And Rainwood Rd, Omaha, NE 68142
      View Details
    • $560,000
      1 SF

      Industrial Land on Rainwood Road

      Agricultural land with future industrial zoning and utilities nearby.
      10802 Rainwood Rd, Omaha, NE 68142
      View Details
    • Contact for pricing

      Industrial Land Ready for Development

      Industrial pad ready sites available in Northwest Omaha in 2025.
      9225 N 108Th St, Omaha, NE 68142
      View Details
    • Contact for pricing

      Omaha Land Parcel For Sale

      31.9 acres in Northwest Omaha, ideal for apartment community.
      13457 Mormon Plz, Omaha, NE 68142
      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.
    9224 108Th St
    Omaha, NE 68142
    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
    9224 108Th St, Omaha, NE, 68142
    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!