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    14126 W Center Rd Omaha, NE 68144

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    14126 W Center Rd Omaha, NE 68144

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    • Strip malls
    • 31,560 SF
    • 1.99 lot acres
    For Lease
    $5,225,000
    View Listing →
    Restaurant Space Near Oakview Mall For Lease
    $5,225,000

    Restaurant Space Near Oakview Mall

    Former restaurant space with equipment included, high-traffic location.

    14126 W Center Rd, Omaha, NE 68144
    View Listing
    Property ID
    US57-0129820
    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
    $5,225,000
    Cap Rate Potential
    8.4%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 14126 W Center Rd

    Year built
    1999
    Lot size
    1.99 lot acres
    Property size
    31,560 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1139685018
    APU
    1139685018

    Description

    Summit Pointe, located at 14126 West Center Road in Douglas County, offers exceptional retail and restaurant opportunities. This two-story, 29,000 square foot center sits on 2 acres of land and boasts a prime location near Oakview Mall, OrthoNebraska Hospital, Vasa Fitness, and Heartwood Preserve, ensuring high visibility and foot traffic. The property features a brand-new LED monument sign, enhancing its presence. The high-traffic intersection of 144th Street (33,345 vehicles per day) and West Center Road (30,875 vehicles per day) provides excellent exposure for businesses. Ample parking is available, and the center benefits from a strong daytime population and a diverse tenant mix, including several new anchors. Spaces range from a minimum of 1,701 square feet to a maximum contiguous space of 1,850 square feet, with a total of three spaces currently available. A turn-key restaurant space is also ready for immediate occupancy. The minimum divisible space is 1,701 square feet, making it ideal for a variety of businesses, including medical offices. This property presents a unique opportunity to establish a presence in a thriving West Omaha commercial corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,170,000
      ML approach
      $5,135,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,270,000
      6.5%
      $6,710,000
      7%
      $6,235,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,895,000
      Current use
      RETAIL STORES
      $4,930,000
      Change: -16% Conversion: Easy
      MEDICAL BUILDING
      $4,765,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1376
    Latitude
    41.2346
    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
    $572,500
    $3,250,400
    $3,822,900
    -
    $572,500
    $3,250,400
    $3,822,900

    Comparable in this City

    • Value Estimation
      $1,810,000
      13,060 SF

      3404 144th St

      SHOPPING CENTER, STRIP CENTER • 13,060 SF
      3404 144th St, Omaha, NE 68144-5215
      View Details
    • Value Estimation
      $890,000
      7,440 SF

      14901 Industrial Rd

      SHOPPING CENTER, STRIP CENTER • 7,440 SF
      14901 Industrial Rd, Omaha, NE 68144-3232
      View Details
    • Value Estimation
      $1,270,000
      11,136 SF

      1350 119th St

      SHOPPING CENTER, STRIP CENTER • 11,136 SF
      1350 119th St, Omaha, NE 68144-1606
      View Details
    • Value Estimation
      $2,215,000
      17,315 SF

      2506 140th St

      SHOPPING CENTER, STRIP CENTER • 17,315 SF
      2506 140th St, Omaha, NE 68144-2339
      View Details
    • Value Estimation
      $1,535,000
      13,916 SF

      2606 132nd St

      SHOPPING CENTER, STRIP CENTER • 13,916 SF
      2606 132nd St, Omaha, NE 68144-2537
      View Details
    • Value Estimation
      $1,215,000
      13,602 SF

      2528 130th Ave

      SHOPPING CENTER, STRIP CENTER • 13,602 SF
      2528 130th Ave, Omaha, NE 68144-2527
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Roofing Business For Sale

      Profitable roofing franchise opportunity in a growing residential market.
      1 Main St, Omaha, NE 68144
      View Details
    • $251,395
      0.66 Acres

      Residential Lots in Sterling Ridge

      Luxury residential lots in premier Omaha neighborhood, Sterling Ridge.
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      Residential Lot in Heartwood Estates

      Luxury residential lot in a coveted Omaha neighborhood.
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    • $325,000
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      Residential Lots in Premier Neighborhood

      Luxury residential lots in a prime Omaha location.
      1512 S 127Th St, Omaha, NE 68144
      View Details
    • $208,283
      0.53 Acres

      Residential Lots in Sterling Ridge

      Luxury residential lots in premier Omaha neighborhood near 132nd & Pacific.
      1409 S 127Th St, Omaha, NE 68144
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    • $305,000
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      Omaha Residential Lot Opportunity

      Residential lot in the coveted Heartwood Estates neighborhood.
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    Similar Nearby for Lease

    • Contact for pricing
      1,343 SF

      Retail Space on West Center

      Retail space with high visibility and signage opportunities available.
      12411 W Center Rd, Omaha, NE 68144
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Harvey Oaks

      Retail space for lease in high-traffic Omaha location.
      14410-14438 W Center Rd, Omaha, NE 68144
      View Details
    • Contact for pricing
      14,584 SF

      Regional Shopping Mall Retail Space

      Retail space available in a regional shopping mall.
      3001 S 144Th St, Omaha, NE 68144
      View Details
    • Contact for pricing
      3,000 SF

      Omaha Shopping Center Retail Space

      Retail space available in award-winning Omaha shopping center.
      11035 Elm St, Omaha, NE 68144
      View Details
    • $23 SF/Yr
      3,554 SF

      Mixed-Use Space in Rockbrook Village

      Specialty shops, service providers, offices, and restaurants available for rent.
      10916 Prairie Brook Rd, Omaha, NE 68144
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Rent

      Neighborhood shopping center with storefront parking and signage.
      2505 S 133Rd Plz, Omaha, NE 68144
      View Details
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    14126 W Center Rd
    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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