120 31St Ave Omaha, NE 68131
- Retail space
- 21,890 SF
Current Use by Public Records
- Ashton Page / Social Worker
- Project Advocates / Corporate Office
- Grane / Bar & Grill
- Proof / Bar
- Visit Omaha Administrative Office / Convention Information Bureau
Property Details for 120 31St Ave
- Year built
- 2010
- Property size
- 21,890 SF
- Property type
- Retail space
- APN
- 1741675542
- APU
- 1741675542
Description
This exceptional Omaha, Nebraska office building, constructed in 2010, offers a variety of flexible spaces ideal for businesses of all sizes. Located at 120 S 31st Ave, near the intersection of 31st Ave & Dodge Street, this seven-story building boasts a total of 21,890 square feet, with five individual suites available. Currently, 12,294 square feet of vacant space is ready for immediate occupancy, divisible into units ranging from 2,516 to 8,778 contiguous square feet. The building features a traditional office layout, but also caters to executive office needs, coworking arrangements, and creative office designs. Tenants will benefit from the building's prominent location along busy Dodge Street, offering excellent visibility and accessibility. The property sits on a 24,148 square foot lot and includes nine parking spaces on-site, with an additional 2,400 garage parking stalls conveniently located nearby. The zoning is MU-ACI-1(PL). Overlooking Turner Park, this property presents a unique opportunity to establish a thriving business in a vibrant and desirable location. The available spaces are ready for tenant build-out, allowing for complete customization to meet specific business requirements. This is a rare opportunity to secure prime office space in the heart of Omaha's Midtown Crossing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $455,000
- 6.5%
- $415,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $505,000
- Geo Method
- $495,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $480,000
- Mixed-Use
- $475,000
- Hospitality
- $515,000
- Educational
- $410,000
- Residential Income
- $490,000
- Energy
- $370,000
- Income-Based Land
- $510,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Douglas
- State
- Nebraska
- Longitude
- -95.9598
- Latitude
- 41.2595
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
