11425 Dodge Rd Omaha, NE 68154
- Medical offices
- 11,216 SF
- 0.51 lot acres
Current Use by Public Records
- DaVita Omaha Home Training (pd) / Dialysis Center
- DaVita Omaha Home / Association / Organization
Property Details for 11425 Dodge Rd
- Year built
- 1973
- Lot size
- 0.51 lot acres
- Property size
- 11,216 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 1734311408
- APU
- 1734311408
Description
This exceptional investment opportunity presents a fee-simple interest in a single-tenant medical office building located in Omaha, Nebraska. The property, totaling 8,081 square feet on a 0.51-acre lot, is a newly renovated (2023) one-story building perfectly suited to its tenant, DaVita, Inc. This Fortune 500 company, a leading kidney care provider with over 2,724 locations, occupies the entire building under a 15-year net lease (commencing June 13, 2023, expiring June 12, 2038) with three, five-year renewal options. The lease includes a 10% rent increase every five years, providing significant long-term growth potential. The property boasts a strong 6.10% cap rate and a current NOI of $253,740, with an asking price of $4,159,679 ($514.75/sq ft). The building's location at 11425 W Dodge Rd, Omaha, NE 68154, benefits from high traffic volume (US-6 and S 114th St) and a dense, affluent population (average household income exceeding $104,000 annually within a five-mile radius). DaVita's corporate guarantee and the lease's minimal expense exposure to the landlord further enhance this investment's stability and attractiveness. The lease is a standard DaVita form used across most of its locations, minimizing risk. This is a passive, long-term investment with built-in rent growth, situated in a high-income area and backed by a financially strong, creditworthy tenant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,620,000
- 6.5%
- $1,555,000
- 7%
- $1,785,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,760,000
- Geo Method
- $1,645,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,510,000
- Retail
- $1,695,000
- Mixed-Use
- $1,555,000
- Hospitality
- $1,415,000
- Educational
- $1,555,000
- Residential Income
- $1,705,000
- Energy
- $1,770,000
- Income-Based Land
- $1,525,000
- Food Service
- $1,405,000
Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Douglas
- State
- Nebraska
- Longitude
- -96.0922
- Latitude
- 41.2627
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
