2121 117Th AveOmaha, NE 68164

Property Details for 2121 117Th Ave

Year built

1990

Lot size

7.81 AC

Property size (Sq ft)

120,349 SF

Property type

Office properties

Property subtype

Office buildings

APN

1842390107

APU

1842390107

Description

North Park 3, located at 2121 N 117th Ave in Omaha, Nebraska, presents an exceptional opportunity for an owner-occupant. This three-story Class B office building, totaling 119,664 square feet, sits on a 7.814-acre lot and boasts significant updates. Constructed in 1990 and extensively renovated in 2021, the property features large floor plates, providing efficient and flexible workspace. The building's interior and exterior have undergone comprehensive improvements, including common areas and restrooms, reflecting a commitment to modern aesthetics and functionality. The property benefits from substantial parking ratios, ensuring ample space for employees and visitors. Strategically positioned at the entrance to North Park Business Park, the building enjoys high visibility from Blondo Street, enhancing its branding and accessibility. Current lease rates are below market, offering significant potential for increased revenue. The property's size and features make it an ideal acquisition for a business seeking to establish a prominent presence in Omaha's thriving business community. The zip code is 68164, and the property is situated in Douglas County.

• CAP approach

  CAP return

  Valuation

  6%

  $18,822,688

  6.5%

  $17,374,788

  7%

  $16,133,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,142,613

  Geo Method

  $6,142,613

• Alternative Use

  Use

  Valuation

  Residential

  $21,544,738

  Hospitality

  $19,734,864

  Educational

  $16,419,175

  Medical

  $16,983,856

  Retail

  $25,540,938

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2788

Longitude

-96.097

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.