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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11704 W Center Rd Omaha, NE 68144

    • Medical offices
    • 25,856 SF
    • 2.00 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Last Sale
    Sep 09, 2021
    $4,200,000
    Value Estimations
    $4,775,000
    Cap Rate Potential
    7.2%
    Medical offices
    Location Intelligence
    Property ID
    US57-0037415
    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

    • Dr. Ian D. Crabb, MD / Orthopedic Clinic
    • Duff Wallace E MD / Otolaryngologist
    • Ear Nose & Throat Head & Neck: Thomas J Dobleman, MD / Otolaryngologist / Doctor
    • Wilkinson Susan M MD / Internist
    • Thomas James Dobleman / Otolaryngologist

    Property Details for 11704 W Center Rd

    Year built
    1979
    Lot size
    2.00 lot acres
    Property size
    25,856 SF
    Zone code
    GO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    1249470000
    APU
    1249470000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,885,000
      ML approach
      $4,955,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,835,000
      6.5%
      $5,385,000
      7%
      $5,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,504,000
      Market price range: $3.13M - $5.73M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,905,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,830,000
      Change: +24% Conversion: Difficult
      RETAIL STORES
      $4,040,000
      Change: +3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,835,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $3,775,000
      Change: -3% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,620,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0965
    Latitude
    41.2348
    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
    $73,452
    $574,600
    $2,906,900
    $3,481,500
    -
    $574,600
    $2,906,900
    $3,481,500

    Comparable in this City

    • Value Estimation
      $1,290,000
      6,324 SF

      2717 108th St

      MEDICAL BUILDING • 6,324 SF
      2717 108th St, Omaha, NE 68144-4806
      View Details
    • Value Estimation
      $915,000
      66,176 SF

      2808 143rd Plzf

      MEDICAL BUILDING • 66,176 SF
      2808 143rd Plzf, Omaha, NE 68144-5611
      View Details
    • Value Estimation
      $930,000
      49,225 SF

      2725 144th St

      MEDICAL BUILDING • 49,225 SF
      2725 144th St, Omaha, NE 68144-5243
      View Details
    • Value Estimation
      $875,000
      66,176 SF

      2808 143rd Plzb

      MEDICAL BUILDING • 66,176 SF
      2808 143rd Plzb, Omaha, NE 68144-5611
      View Details
    • Value Estimation
      $1,005,000
      72,865 SF

      2808 143rd Plzd

      MEDICAL BUILDING • 72,865 SF
      2808 143rd Plzd, Omaha, NE 68144-5611
      View Details
    • Value Estimation
      $930,000
      5,546 SF

      3304 143rd Plz

      MEDICAL BUILDING • 5,546 SF
      3304 143rd Plz, Omaha, NE 68144-5619
      View Details

    Similar Nearby for Sale

    • $4,695,000
      21,224 SF

      Gold Circle Professional Center

      Omaha Medical Office Building - 100% Leased
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      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
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    • $2,100,000
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      Omaha Office Building For Sale

      Office building with central location and recent capital improvements.
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    • $1,736,100
      12,820 SF

      Omaha Office Building For Sale

      Office building with 12,820 square feet of space.
      11263 Wright 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
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      14,808 SF

      Gold Circle Office Building Investment

      Omaha Executive/Medical Suites Available
      13911 Gold Cir, Omaha, NE 68144
      View Details
    • $12 SF/Yr
      32,800 SF

      Montclair Office Suites - Omaha, NE

      Multiple Office Spaces Available in West Omaha
      13057 Center Rd, Omaha, NE 68144
      View Details
    • $22 SF/Yr
      81,767 SF

      Omaha Medical Office Building

      81,767 SF, Multiple Tenancy Available
      2727 144Th St, Omaha, NE 68144
      View Details
    • $12 SF/Yr
      67,339 SF

      Prime Office Space, Southwest Omaha

      Class A Office Building, Multiple Suites Available
      11602 Center Rd, Omaha, NE 68144
      View Details
    • $23 SF/Yr
      3,200 SF

      Move-in-Ready Medical Office Space

      Medical office space available Fall 2025 in established medical building.
      11704 W Center Rd, Omaha, NE 68144
      View Details
    • $12 SF/Yr
      32,800 SF

      Professional Office Space Available

      Multiple office spaces for rent in professional environment.
      13057 West 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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