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

    120 Regency Pkwy Omaha, NE 68114

    • Super regional malls
    • 232,204 SF
    • 14.64 lot acres
    For Lease
    View listing
    Value Estimations
    $515,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1114726
    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

    • Anthropologie / Women'S Clothing Store / Beauty Supply Store
    • Valo Wellness Spa / Day Spa
    • Holliday at Garbo’s Regency / Beauty Salon
    • Garbo's Salon and Spa - Regency / Hair Salon
    • Drybar - Omaha / Beauty Salon / Hair Salon

    Property Details for 120 Regency Pkwy

    Year built
    1975
    Lot size
    14.64 lot acres
    Property size
    232,204 SF
    Property type
    Super regional malls
    APN
    2114035036
    APU
    2114035036

    Description

    This exceptional Class A office property, Regency Office Park, presents a compelling investment opportunity in Omaha, Nebraska. Located at 120 Regency Pkwy, Omaha, NE 68114, at the intersection of Regency Parkway and W Dodge Road, this single, two-story building boasts a total of 232,204 square feet situated on a generous 14.64-acre lot. The property is zoned CC and is within Douglas County. Constructed in 1975, the building offers multiple tenancy options, with a minimum divisible space of 5,975 square feet and a maximum contiguous space of 29,338 square feet. Three suites are currently available, offering flexibility for various business needs. Suite 115 on the first floor comprises 5,975 square feet, while Suite 116, also on the first floor, offers 6,079 square feet. A larger space of 17,284 square feet is available in Suite 202 on the second floor. This prime location provides excellent access and visibility. Lease rates are available upon request. This is a rare opportunity to acquire a substantial, well-located office building in a thriving market. The property's size and configuration make it ideal for a variety of uses, from single-tenant occupancy to multi-tenant configurations. Contact us today to learn more about this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0716
    Latitude
    41.2594
    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
    2022
    $0.00
    $3,366,200
    $21,233,800
    $24,600,000
    -
    $3,366,200
    $21,233,800
    $24,600,000

    Comparable in this City

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      $880,000
      178,200 SF

      10010 California St

      REGIONAL SHOPPING CENTER, MALL • 178,200 SF
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      View Details
    • Value Estimation
      $760,000
      559,552 SF

      10000 California St

      REGIONAL SHOPPING CENTER, MALL • 559,552 SF
      10000 California St, Omaha, NE 68114-2355
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    • Value Estimation
      $15,190,000
      174,283 SF

      707 102nd St

      REGIONAL SHOPPING CENTER, MALL • 174,283 SF
      707 102nd St, Omaha, NE 68114-2170
      View Details
    • Value Estimation
      $8,250,000
      169,134 SF

      800 98th St

      REGIONAL SHOPPING CENTER, MALL • 169,134 SF
      800 98th St, Omaha, NE 68114-2339
      View Details
    • Value Estimation
      $1,090,000
      138,789 SF

      7525 Dodge St

      WHOLESALE OUTLET, DISCOUNT STORE • 138,789 SF
      7525 Dodge St, Omaha, NE 68114-3632
      View Details
    • Value Estimation
      $950,000
      91,238 SF

      7200 Dodge St

      WHOLESALE OUTLET, DISCOUNT STORE • 91,238 SF
      7200 Dodge St, Omaha, NE 68114-3673
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Office and retail spaces for sale near high-traffic area.
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      Omaha Land For Sale

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      Omaha Office Space For Sale

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    Similar Nearby for Lease

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      Retail space available in a busy Omaha shopping center.
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      Regency Landing: Omaha Office Space

      Prime Omaha location, flexible office suites.
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      View Details
    • $9 SF/Yr
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      Retail Space Near Interstate 80

      Retail space with high traffic count and ample parking.
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    • $13 SF/Yr
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      Retail Space Available For Rent

      Retail space available for lease, 1500 square feet.
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      View Details
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    120 Regency Pkwy
    Omaha, NE 68114
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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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