Technical
Financial
Distress signals
Property profile

3201 Farnam St 1 Omaha, NE 68131

OFF-MARKET
Theaters & concert halls
Property ID
US57-1052005
21,583 SF Built 2010
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

Midtown Crossing presents a unique retail investment opportunity in the heart of Omaha, Nebraska. This vibrant 15.5-acre development boasts seven buildings totaling 222,544 square feet, offering multiple tenancy options. Currently, 12,964 square feet of retail space is available, divisible into units ranging from a minimum of 1,523 square feet to a maximum contiguous space of 4,063 square feet. Located at 3201 Farnam St, Omaha, NE 68131, in the Central Omaha submarket of Douglas County, this property benefits from its high-traffic location and established presence within a thriving community. Built in 2010, Midtown Crossing is home to approximately 40 local businesses, creating a dynamic and diverse commercial environment. The property's prime location and the surrounding neighborhood's recognition on both local and international levels make this an exceptional opportunity for businesses seeking high visibility and a strong customer base. Ideal for restaurants, bars, or other service-oriented retailers, this space offers significant potential for growth and success within a well-established and highly sought-after commercial development. The property's size and flexibility allow for customization to suit a variety of business needs. This is a chance to become part of a thriving community in a prime Omaha location.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 2010
Total area 21,583 SF
APN 1741740501
UPID US57-1052005

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • (Bike/Boat/Book/etc) Store Pet Store & Service
  • Mobile Phone Store Electronics & Wireless Store
  • Cafe & Coffee Shop
  • Physician

Location

3201 Farnam St, Unit 1 Omaha, NE 68131-3402
Omaha metro Census 4000 OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$910k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.4M +69.2%
Commercial (general) $1.0M +19.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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