11425 W Dodge Rd, Omaha, NE 68154
- Medical Office Space
- 11,216 SF
- 0.51 lot acres
Current Use by Public Records
- DaVita Omaha Home Training (pd) / Medical Clinic
- DaVita Omaha Home / Association / Organization
Property Details for 11425 W Dodge Rd
- Year built
- 1973
- Lot size
- 0.51 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 1734311408
- APU
- 1734311408
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 1, 2022 | $1,690,000 | Genesis Kc Development LLC | Richard Craig | Special Warranty Deed | — |
| — | — | Richard H Craig JR. | — | Deed Of Trust · related | $600k · Security National Bank Omaha |
| — | — | Richard H Craig JR. | — | Deed Of Trust · related | $701k · Security National Bank Omaha |
| — | — | Richard H Craig JR. | — | Deed Of Trust · related | $1.3M · Security National Bank Omaha |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,650,000
- ML approach
- $1,705,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,530,000
- 6.5%
- $2,335,000
- 7%
- $2,170,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,358,000
Market price range: $1.36M - $2.48M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,695,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $2,095,000 Change: +24% Conversion: Difficult
- RETAIL STORES
- $1,755,000 Change: +3% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,665,000 Change: -2% Conversion: Difficult
- OFFICE BUILDING
- $1,630,000 Change: -4% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,570,000 Change: -7% Conversion: Easy
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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
