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    Property profile & analytics

    14748 Center Rd Omaha, NE 68144

    • Office buildings
    • 37,294 SF
    • 1.94 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Last Sale
    Dec 22, 2021
    $3,180,000
    Value Estimations
    $3,085,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1184041
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Marketplace Home Mortgage, L.L.C. / Mortgage Lender
    • Molina Healthcare of Nebraska / Health Insurance Agency / Medical Center
    • Allied CPA, LLC / Payroll Service / Tax Preparation
    • First Western Insurance Inc / Insurance Agency
    • Visionary Search Partners / Executive Search Firm

    Property Details for 14748 Center Rd

    Year built
    1989
    Lot size
    1.94 lot acres
    Property size
    37,294 SF
    Zone code
    CC
    Property type
    Office buildings
    APN
    1275061018
    APU
    1275061018

    Description

    West Center Pointe, located at 14748 W Center Rd, Omaha, NE 68144, offers exceptional office space in a prime Douglas County location. This three-story, Class B building, totaling 35,582 square feet, underwent renovations in 2007, boasting 9-foot ceilings throughout. Originally constructed in 1989, the property features one building with convenient elevator access. The building is zoned CC and provides multiple tenancy options, with available suites ranging from 5,000 to 13,458 square feet, catering to a variety of business needs. Its strategic location ensures easy access to major transportation arteries, diverse dining choices, and numerous retail options, enhancing convenience for both employees and clients. The property's accessibility and amenities make it an attractive option for businesses seeking a well-maintained and conveniently located office space in Omaha. The building's traditional office design offers a classic and functional workspace. This is a fantastic opportunity to secure office space in a well-established and easily accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,915,000
      ML approach
      $3,150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,588,000
      Market price range: $3.43M - $7.99M
      AI Estimate
      $1,940,000
      Market price range: $1.10M - $4.48M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1441
    Latitude
    41.2345
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $55,468
    $337,800
    $2,448,300
    $2,786,100
    -
    $337,800
    $2,448,300
    $2,786,100

    Comparable in this City

    • Value Estimation
      $695,000
      23,400 SF

      15080 A Cir

      OFFICE BUILDING • 23,400 SF
      15080 A Cir, Omaha, NE 68144-5558
      View Details
    • Value Estimation
      $640,000
      24,909 SF

      13906 Gold Cir

      OFFICE BUILDING • 24,909 SF
      13906 Gold Cir, Omaha, NE 68144-2335
      View Details
    • Value Estimation
      $600,000
      11,232 SF

      2504 119th St

      OFFICE BUILDING • 11,232 SF
      2504 119th St, Omaha, NE 68144-2947
      View Details
    • Value Estimation
      $480,000
      13,271 SF

      2514 119th St

      OFFICE BUILDING • 13,271 SF
      2514 119th St, Omaha, NE 68144-2869
      View Details
    • Value Estimation
      $430,000
      17,500 SF

      2424 130th Cir

      OFFICE BUILDING • 17,500 SF
      2424 130th Cir, Omaha, NE 68144-2529
      View Details
    • Value Estimation
      $330,000
      2,262 SF

      3901 147th St, Unit 140

      OFFICE BUILDING • 2,262 SF
      3901 147th St, Omaha, NE 68144-5565
      View Details

    Similar Nearby for Sale

    • $2,100,000
      13,271 SF

      Omaha Office Building For Sale

      Office building with central location and recent capital improvements.
      2514 S 119Th St, Omaha, NE 68144
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    • $1,736,100
      12,820 SF

      Omaha Office Building For Sale

      Office building with 12,820 square feet of space.
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    • $1,790,000
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      Omaha Office Building For Sale

      16,686 square foot office building in Omaha, Nebraska.
      13930 Gold Cir, Omaha, NE 68144
      View Details
    • $4,695,000
      4,996 SF

      Gold Circle Professional Building

      Fully leased professional building with long-term GSA tenant.
      13923 Gold Cir, Omaha, NE 68144
      View Details
    • Contact for pricing
      45,023 SF

      Omaha Office Building - Royalwood

      Prime Omaha Office Space, 45,023 SF
      12565 Center Rd, Omaha, NE 68144
      View Details
    • $5,000,000
      26,080 SF

      Functional Multi-Use Distribution Facility

      Clean, versatile distribution facility with office and retail potential.
      2929 Oak View Dr, Omaha, NE 68144
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    Similar Nearby for Lease

    • $24 SF/Yr
      13,016 SF

      Class A Office Space

      Sophisticated office spaces with high-end furniture and amenities.
      13030 Pierce St, Omaha, NE 68144
      View Details
    • $14 SF/Yr
      14,808 SF

      Gold Circle Office Building Investment

      Omaha Executive/Medical Suites Available
      13911 Gold Cir, Omaha, NE 68144
      View Details
    • $18 SF/Yr
      56,148 SF

      Terrace Plaza Office Suites

      Southwest Omaha Office Space Available
      11414 Center Rd, Omaha, NE 68144
      View Details
    • $24 SF/Yr
      115,000 SF

      Omaha Class A Office Space

      Modern Executive/Creative Office Suites Available
      13120 Pierce St, Omaha, NE 68144
      View Details
    • $8 SF/Yr
      12,430 SF

      Omaha Executive Office Space

      Prime Omaha office, multiple suites available.
      2433-2435 130Th Cir, Omaha, NE 68144
      View Details
    • $13 SF/Yr
      45,023 SF

      Royalwood Office Space: Omaha, NE

      Southwest Omaha Office Suites - Flexible Leasing
      12565 Center Rd, Omaha, NE 68144
      View Details
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    Omaha, NE 68144
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    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
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