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Property profile & analytics
FOR SALE
Office buildings

406 S 12Th St Omaha, NE 68102

17,424 SF 0.13 ac lot Built 1914
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US57-0103801
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1914
Total area 17,424 SF
Lot 0.13 ac (5,808 SF)
APN 314150006
UPID US57-0103801
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
  • C&P Bathroom Remodeling LLC Hardware & Home Improvement Interior Design
  • Facilities Cost Management Architect
  • Rambo Associates Inc Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$444k
Blend (final) Blend
$530k
Owner & transaction history
406 S 12th St LLC · 9 yrs held
406 S 12th St LLC
since 2016
2 recorded transactions
2022
Price N/A
2016
$2.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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