Property profile

403 N Saddle Creek Rd Omaha, NE 68131

FOR LEASE
Auto shops
Property ID
US57-0242986
5,680 SF 0.29 ac lot Built 1945
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.5-acre commercial land parcel, located at 403 N Saddle Creek Rd, Omaha, NE 68131, presents a unique investment opportunity. Zoned CC, this single-tenant retail site boasts excellent visibility and accessibility on North Saddle Creek Road, with convenient access to Chicago Street. The property benefits from its proximity to the recently expanded UNMC, including the new Buffet Cancer Center, creating a high-density population of over 4,000 students and 6,000 employees within close proximity. This area shows consistent year-over-year growth and is supported by a substantial daytime population of 17,500 within a one-mile radius. The site is strategically positioned amongst established businesses including Walmart Neighborhood Market, Chipotle, Panera Bread, Qdoba, Bank of the West, Dave's Hot Chicken, Walgreens, and Starbucks, ensuring high foot traffic and brand recognition. Furthermore, the development is enhanced by the addition of over 1,000 new apartment units within walking distance, further bolstering the potential for strong retail performance. The property offers 21,780 square feet of development potential. This is an unparalleled chance to capitalize on the thriving commercial landscape of Omaha, Nebraska.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1945
Total area 5,680 SF
Lot 0.29 ac (12,834 SF)
APN 2018780007
UPID US57-0242986

Cap rate & NOI

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

Location

403 N Saddle Creek Rd Omaha, NE 68131
Omaha metro Census 4900 OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$843k
Blend (final) Blend
$385k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $1.1M +25.9%
Retail stores $890,000 +5.3%
Medical building $860,000 +1.8%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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