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    12500 I St Omaha, NE 68137
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    Property profile & analytics

    12500 I St, Omaha, NE 68137

    View on Map
    • Distribution centers
    • 976,015 SF
    • 35.21 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Omaha Landmark Building Sublease For Lease
    $20 SF/Yr

    Omaha Landmark Building Sublease

    Centrally located sublease space with immediate Interstate access.

    12500 I St, Omaha, NE 68137
    View Listing
    Property ID
    US57-0174986
    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.
    Value Estimations
    $930,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investors Realty Inc / Real Estate Agency
    • Stillwater Insurance Group / Financial Advisor / Insurance Agency
    • Jeffrey Jacobsen - Raymond James / Financial Advisor
    • Grant Kobes Commercial Real Estate / Real Estate Agency
    • Stillwater insurance company / Financial Advisor / Insurance Agency

    Property Details for 12500 I St

    Year built
    1958
    Lot size
    35.21 lot acres
    Zone code
    GI
    Property type
    Distribution centers
    APN
    1919870208
    APU
    1919870208

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 18, 2020 — Omaha Business Park LLC — Deed · related $22M · Union Svgs
    Nov 16, 2011 $7,000,000 Omaha Business Park LLC Connectivity Solutions Mfg INC Grant Deed $4.3M · Five Points Bank
    — — Omaha Business Park LLC — Deed Of Trust · related $22M · Union Svgs

    Description

    Omaha Business Park, located at 12500 I St, Omaha, NE 68137, presents a unique investment opportunity within Douglas County. This single-story, 1,128,975 square foot industrial landmark, built in 1958, sits on a generous 93.87-acre lot and is zoned GI-General Industrial. The property currently offers multiple tenancies across four suites, with 71,232 square feet of vacant space available. Flexible layouts cater to various needs, ranging from approximately 31,670 to 92,000 square feet. The building boasts impressive features including four drive-in doors, high ceilings ranging from 16 to 20 feet, and 110v 100 amp power. While the existing power is 110v 100 amp, the marketing materials mention 3-phase power as a feature. A large auditorium, ideal for training or events, is also included. This property offers a chance to be part of a significant Omaha redevelopment project, providing substantial space for a variety of businesses. The property's size and features make it suitable for a wide range of industrial and office uses. Interested parties should inquire about specific suite availability and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $895,000
      ML approach
      $1,275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1092
    Latitude
    41.2181
    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
    $4,023,100
    $9,607,100
    $13,630,200
    -
    $4,023,100
    $9,607,100
    $13,630,200

    Comparable in this City

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    • Value Estimation
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      13406 Industrial Rd

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      13202 I St

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      4545 119th Cir

      DISTRIBUTION WAREHOUSE
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    • Value Estimation
      $1,455,000
      42,200 SF

      4404 134th St

      DISTRIBUTION WAREHOUSE
      4404 134th St, Omaha, NE 68137-1108
      View Details

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      18,400 SF

      Well-Maintained Industrial Building For Sale

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      Omaha Multifamily Investment Opportunity

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    Similar Nearby for Lease

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      Mixed-Use Flex Building For Rent

      Mixed-use flex building suitable for retail, office, or flex uses.
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      3,072 SF

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      3,072 SF flex space with warehouse and office areas.
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      Centrally Located Flex Space

      Easily accessible flex space near Interstate 80.
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      Industrial Warehouse Space For Rent

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      5,183 SF

      Climate-Controlled Warehouse with Dock Door

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      Deerfield Place Retail Space Available

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    View Listing
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    12500 I St
    Omaha, NE 68137
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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.

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