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Property profile & analytics
OFF-MARKET Estimated value $3,665,000
Strip malls

12100 Ctr Rd Omaha, NE 68144-3940

27,000 SF 13.43 ac lot Built 1969
Entity Owned Free & Clear
Property ID
US57-0400477
Property summary
AI-generated overview

BEL AIR PLAZA, a prominent retail center in Omaha, Nebraska, presents a unique investment opportunity. This established property, totaling 192,412 square feet across nine buildings, sits on a spacious 19.73-acre lot at the intersection of West Center Road and 120th Street. Originally constructed in 1969 and extensively renovated in 1999, the center boasts a prime location within Omaha's busiest submarket, offering excellent visibility and accessibility. The property is zoned CC and features ample front door parking with multiple access points for convenient customer traffic. Its strategic location, just one mile from I-680, ensures high traffic volume. Currently, several spaces are available for lease, ranging from 900 to 3,440 square feet, ideal for a variety of retail or service businesses. The property enjoys strong tenancy, with established businesses such as Core Bank and Horizon Dental already in place. The retail lease rate is $10-14 per square foot annually, with estimated net operating expenses of $5.21 per square foot annually. This well-maintained and strategically positioned retail center offers a compelling opportunity for businesses seeking a high-visibility location in a thriving Omaha submarket.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1969
Total area 27,000 SF
Lot 13.43 ac (585,011 SF)
APN 548220278
UPID US57-0400477
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Horizon Dental Center: Mc Cabe Mollie DDS Dental Office
  • Dr. Mollie M. Morrison, DDS Dental Office
  • Mikado Diamonds - Engagement & Bridal (Bike/Boat/Book/etc) Store
  • Olmsted & Perry Consulting Engineers Inc Engineer
  • Olmsted & Perry Consulting Engineers Inc. Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.67M
Owner & transaction history
MUTUAL INVESTORS INC
MUTUAL INVESTORS INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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