406 S 12Th St Omaha, NE 68102
For Sale
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This iconic four-story, 26,144 square foot building, located in Omaha's vibrant Old Market at 406 S 12th St, presents a unique owner/user or redevelopment opportunity. Built in 1914 and renovated in 1994, this Class B property boasts a prime location within a thriving historic district, offering easy access to top restaurants, entertainment, and nightlife. The building features attractive natural light, open floor plans, atrium stairs, and high ceilings (10'-13', 12' slab to slab). With a 0.133-acre lot and CBD zoning, the property offers significant potential. The current layout includes a lower level of 8,720 square feet and three upper floors, each approximately 5,808 square feet, adaptable for retail on the main level and office space above. The sturdy concrete floor and column structure allows for potential expansion, with the possibility of adding two additional floors. This is an exceptional chance to acquire a piece of Omaha history and capitalize on its considerable development potential. The asking price is $4,495,000 ($171.93/sq ft). APN: 0314150006.
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C&P Bathroom Remodeling LLC Hardware & Home Improvement Interior Design
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Facilities Cost Management Architect
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Rambo Associates Inc Architect
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.