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    FOR LEASE
    Office buildings

    2717 North 118Th St, Omaha, NE 68164

    61,716 SF 3.8 ac lot Built 1996
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US57-0246953
    Property summary
    AI-generated overview

    North Park Building 7A offers 12,032 square feet of immediately available traditional office space in a desirable Omaha location. This three-story building, constructed in 1996, boasts a total of 59,753 square feet and features a modern lobby and open floor plan. The space is part of a larger, attractive office park setting, situated on a two-acre lot and offering a park-like campus environment adjacent to the Papio Creek trail system. The building is conveniently located near I-680, Maple Street, and West Dodge Road, providing easy access to major thoroughfares. Amenities within walking distance include restaurants, shopping, and lodging options. The building includes two elevators and ample parking, with a ratio of 5.5 spaces per 1,000 square feet. The zoning is MU (Mixed Use). The property is in Douglas County, Nebraska. While the minimum divisible space is 12,032 square feet, the maximum contiguous space currently available is also 12,032 square feet. This presents a unique opportunity for a business seeking a prominent location in a well-established and amenity-rich office park.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1996
    Total area 61,716 SF
    Lot 3.8 ac (165,528 SF)
    APN 1848058004
    UPID US57-0246953
    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
    • GSI Inc Corporate Office
    • Rock Medical Group Travel Agency Medical Group
    • Ubiquity Global Services Employment Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $9.01M
    Blend (final) Blend
    $7.04M
    Owner & transaction history
    Np78 LLC · 8 yrs held
    Np78 LLC
    since 2018
    7 recorded transactions
    2018
    $11.6M
    2015
    2007
    $443,000
    2007
    $4.5M
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $11.5M +28.0%
    Retail stores $9.6M +7.1%
    Medical building $9.3M +3.5%
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    More about this property
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