Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2962 Harney St Omaha, NE 68131-3535

    • Office buildings
    • 5,966 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1115011
    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

    • Office buildings

    Property Details for 2962 Harney St

    Year built
    1953
    Lot size
    0.25 lot acres
    Property size
    5,966 SF
    Property type
    Office buildings
    APN
    1726070003
    APU
    1726070003

    Description

    This exceptional two-story office building, totaling 5,966 square feet, presents a unique investment opportunity in Omaha's vibrant Midtown area. Built in 1953, the property boasts a prime location, situated east of Midtown Crossing and within walking distance of the Blackstone District, placing it in close proximity to three of Omaha's Fortune 500 companies. Currently, 2,983 square feet of space is available for lease, offering flexibility for various business needs. The building is zoned CBD-ACI-1(PL) within Douglas County and is conveniently located with excellent access to I-480 and Dodge Street. Furthermore, this property offers the significant advantage of direct access to the proposed streetcar route on Harney Street, enhancing its accessibility and future value. Ample on-site parking is provided with 26 stalls conveniently located in both north and south lots. The building's versatile layout is suitable for coworking spaces, medical offices, or creative office environments, making it an ideal choice for a diverse range of businesses. The available space offers a chance to establish a presence in a thriving, well-connected Omaha neighborhood. This is a rare opportunity to acquire a well-positioned property with significant potential for growth and return.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9565
    Latitude
    41.257
    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
    2023
    $2,300
    $0.00
    $109,000
    $109,000
    -
    $0.00
    $109,000
    $109,000

    Comparable in this City

    • Value Estimation by Request
      7,800 SF

      Omaha, NE 68131

      OFFICE BUILDING • 7,800 SF
      Omaha, NE 68131
      View Details
    • Value Estimation by Request
      860 SF

      Omaha, NE 68131

      OFFICE BUILDING • 860 SF
      Omaha, NE 68131
      View Details
    • Value Estimation
      $1,815,000
      15,120 SF

      4200 Douglas St

      OFFICE BUILDING • 15,120 SF
      4200 Douglas St, Omaha, NE 68131-2705
      View Details
    • Value Estimation by Request
      2,225 SF

      3916 Farnam St

      OFFICE BUILDING • 2,225 SF
      3916 Farnam St, Omaha, NE 68131-3014
      View Details
    • Value Estimation
      $720,000
      6,000 SF

      3000 Farnam St Ste S1b

      OFFICE BUILDING • 6,000 SF
      3000 Farnam St Ste S1b, Omaha, NE 68131-3506
      View Details
    • Value Estimation
      $3,725,000
      31,000 SF

      4444 Farnam St

      OFFICE BUILDING • 31,000 SF
      4444 Farnam St, Omaha, NE 68131-2729
      View Details

    Similar Nearby for Sale

    • $4,019,750
      44 SF

      Four-Story Office Building For Sale

      40,000+ SF office building with on-site parking.
      2551 Dodge St, Omaha, NE 68131
      View Details
    • $4,019,750
      44,119 SF

      Downtown Omaha Office Building

      44,119 SF Office Space, $4M
      2551 Dodge St, Omaha, NE 68131
      View Details
    • $445,000
      1,166 SF

      Midtown Crossing Penthouse Condo

      Stunning 2-bedroom penthouse with upgrades, amenities, and prime location.
      200 S 31St Ave, Omaha, NE 68131
      View Details
    • $440,000

      Midtown Omaha Development Land

      Prime Dodge Street location, multifamily potential.
      3870 Dodge St, Omaha, NE 68131
      View Details
    • $3,999,999
      42,628 SF

      Industrial-Flex Warehouse in Midtown Omaha

      Industrial-flex warehouse in Midtown Omaha, ideal for owner-user.
      4370-4420 Izard St, Omaha, NE 68131
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      10,561 SF

      Blackstone Square Retail Space

      Omaha's Blackstone District: 757 SF Available
      3863 Farnam St, Omaha, NE 68131
      View Details
    • $13 SF/Yr
      1,920 SF

      Cuming Street Office with Storage

      Office space with prime visibility and basement storage available for rent.
      3913-3919 Cuming St, Omaha, NE 68131
      View Details
    • $22 SF/Yr
      21,890 SF

      Midtown Crossing Office Space

      Omaha office suites, prime location.
      120 31St Ave, Omaha, NE 68131
      View Details
    • $24 SF/Yr
      235,000 SF

      Blackstone Plaza: Omaha Office Space

      Prime Omaha Office, Retail & Amenities
      3555 Farnam St, Omaha, NE 68131
      View Details
    • Contact for pricing
      217,044 SF

      37 West: Blackstone District Retail

      Prime Omaha Retail Space: Multiple Units Available
      3710 Harney St, Omaha, NE 68131
      View Details
    • $23 SF/Yr
      3,268 SF

      Omaha Office Space For Lease

      Office space for lease in a growing Omaha area.
      105 N 31St Ave, Omaha, NE 68131
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2962 Harney St
    Omaha, NE 68131-3535
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.