724 109Th CtOmaha, NE 68154

Property Details for 724 109Th Ct

Year built

1977

Lot size

1.75 AC

Property size (Sq ft)

25,000 SF

Property type

Retail properties

Property subtype

Strip malls

APN

129650003

APU

129650003

Description

This exceptional 25,000-square-foot flex building in Omaha, Nebraska, presents a unique investment or leasing opportunity. Situated on a 1.75-acre lot at 724 N 109th Ct, 68154, this single-story, 1977-built structure offers flexible spaces ideal for a variety of businesses. The building is currently entirely vacant and available for immediate occupancy. Three divisible suites are available, ranging from 7,160 square feet to a maximum contiguous space of 25,000 square feet. The property boasts a 12-foot ceiling height, making it suitable for various industrial, retail, or office uses. The zoning is Community Commercial (CC), providing flexibility for diverse business operations. The asking lease rate is $10.00 per square foot, triple net (NNN), with estimated NNN expenses of $3.65 per square foot in 2024. The property is also available for sale. This prime location in Omaha offers excellent access to major transportation routes and a thriving business community. Don't miss this chance to secure a versatile and well-located industrial space.

• CAP approach

  CAP return

  Valuation

  6%

  $7,743,926

  6.5%

  $7,148,240

  7%

  $6,637,651

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,215,520

  Geo Method

  $3,215,520

• Alternative Use

  Use

  Valuation

  Residential

  $6,029,808

  Hospitality

  $5,523,272

  Educational

  $4,595,297

  Medical

  $4,753,336

  Retail

  $7,148,240

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2669

Longitude

-96.0866

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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