4812 114Th StOmaha, NE 68137

Property Details for 4812 114Th St

Year built

1977

Lot size

1.90 AC

Property size (Sq ft)

14,848 SF

Property type

Office properties

Property subtype

Office buildings

APN

1023590810

APU

1023590810

Description

Empire Park I, located at 4812 S 114th St, Omaha, NE 68137 (cross streets S 114th & M St), offers a rare opportunity to lease flexible industrial/office space in Douglas County. This two-story building, totaling 29,776 square feet, was constructed in 1977 and underwent renovations in 2020. The property boasts a generous 1.98-acre lot and ample parking with 178 spaces. The building is currently fully vacant, offering immediate occupancy for a single tenant or the possibility of dividing the space. Units range from a minimum of 6,000 square feet up to the entire 29,776 square feet. The property is zoned GI and presents a fantastic exterior appearance in a convenient location off the interstate. This multi-tenant building features two suites in total, providing flexibility for various business needs. The property's prime location and recent renovations make it an ideal space for businesses seeking modern, functional space in a desirable Omaha location. Interested parties should inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,650,129

  6.5%

  $2,446,273

  7%

  $2,271,539

• Comparable approach

  Method

  Valuation

  Relative Method

  $757,842

  Geo Method

  $757,842

• Alternative Use

  Use

  Valuation

  Residential

  $3,033,379

  Hospitality

  $2,778,558

  Educational

  $2,311,728

  Medical

  $2,391,232

  Retail

  $3,596,022

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.209

Longitude

-96.0908

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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