Technical
Financial
Distress signals
Property profile

5222 S 138Th St Omaha, NE 68137

FOR LEASE
Drive through restaurants
Property ID
US57-0157887
3,829 SF 0.92 ac lot Built 1976
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

Deerfield Place, a vibrant retail center in Omaha's Millard area, offers diverse leasing opportunities totaling 59,129 square feet of vacant space within its 128,575-square-foot complex. Situated on a 12.75-acre lot, this two-building, single-story property boasts a prime location with convenient access from Q Street and Discovery Drive. The property, built in 1987, features a variety of space sizes, ranging from 1,600 square feet of in-line retail to substantial junior anchor spaces reaching up to 29,234 contiguous square feet. The flexible zoning (CC) allows for a wide range of uses, including retail, recreational, entertainment, automotive, medical, civic, and warehouse applications. Specific spaces are well-suited for various businesses; for example, one 4,586 square foot space is ideal for a salon, while another end-cap space at 3,560 square feet is well-suited for a childcare center or similar use. The property offers ample parking with a ratio of 6.35 spaces per 1,000 square feet (824 spaces total). Join established tenants such as USPS, Crunch Fitness, and others in this thriving community commercial center. Lease rates range from $8.95 to $15.95 per square foot, triple net, with a 2024 NNNs rate of $3.50 per square foot. This presents a unique opportunity for businesses seeking a well-located and versatile space in a bustling Omaha neighborhood.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1976
Total area 3,829 SF
Lot 0.92 ac (40,075 SF)
Zoning code CC
APN 117260006
UPID US57-0157887

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
  • (Bike/Boat/Book/etc) Store Florist
  • Restaurant

Location

5222 S 138Th St Omaha, NE 68137
Omaha metro Census 7463 OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
$610k
Blend (final) Blend
$505k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2019
Price N/A

Zoning & alternative use

CC · Omaha, NE
Zoning description

This community commercial district is intended for commercial facilities which serve the needs of several neighborhoods. Allowed commercial and office uses are generally compatible with nearby residential areas

General category COMMERCIAL

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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