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    6464 Center St, Unit 220 Omaha, NE 68106
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    Property profile & analytics

    6464 Center St, Unit 220, Omaha, NE 68106

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    • Investment properties
    • 43,119 SF
    • 1.02 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Omaha Office Space Available For Lease
    $22 SF/Yr
    11,223 SF

    Omaha Office Space Available

    Office space for lease in Omaha, Nebraska.

    6464 Center Street, Suite 220, Omaha, NE 68106
    View Listing
    Property ID
    US57-1070176
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Physicians Mutual / Insurance Agency
    • Jesse Cortinas / Insurance Agency
    • Faith Luby / Insurance Agency
    • Barb Schneiderman / Insurance Agency
    • Linda Haugen / Insurance Agency

    Property Details for 6464 Center St

    Year built
    2008
    Lot size
    1.02 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    501510623
    APU
    501510623

    Description

    This exceptional office opportunity is located in the vibrant Aksarben Village, at 6464 Center St, Omaha, NE 68106, a dynamic South Central Omaha submarket. The property, built in 2008, offers a total of 41,455 square feet across two stories, served by elevators. Four individual office spaces are currently available, ranging in size from 3,558 to 4,699 square feet, presenting a rare chance to secure second-generation office space in a highly sought-after location. The building is a traditional office structure, perfect for a variety of businesses. Utilities are provided by OPPD. The convenient location at the intersection of 64th & Center Street offers easy access to a wealth of amenities and events within walking distance, making it an ideal location for employees and clients alike. This is a multi-tenant building situated in Douglas County, Nebraska. The property's address is precisely 6464 Center St, Omaha, NE 68106. This presents a unique chance to establish a presence in a thriving and walkable community. The building's modern design and prime location combine to create an attractive and functional workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,685,000
      Market price range: $519k - $3.82M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,040,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $8,055,000
      Change: +33% Conversion: Difficult
      RETAIL STORES
      $6,735,000
      Change: +12% Conversion: Easy
      MEDICAL BUILDING
      $6,510,000
      Change: +8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,400,000
      Change: +6% Conversion: Difficult
      OFFICE BUILDING
      $6,290,000
      Change: +4% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0127
    Latitude
    41.2383
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $221,400
    $8,676,300
    $8,897,700
    -
    $221,400
    $8,676,300
    $8,897,700

    Comparable in this City

    • Value Estimation
      $14,665,000
      114,936 SF

      1904 67th St

      STORE/OFFICE (MIXED USE)
      1904 67th St, Omaha, NE 68106-2800
      View Details
    • Value Estimation
      $15,775,000
      129,910 SF

      6750 Mercy Rd

      STORE/OFFICE (MIXED USE)
      6750 Mercy Rd, Omaha, NE 68106-2602
      View Details
    • Value Estimation
      $15,120,000
      120,078 SF

      2111 67th St

      STORE/OFFICE (MIXED USE)
      2111 67th St, Omaha, NE 68106-2882
      View Details
    • Value Estimation
      $7,935,000
      60,978 SF

      2285 67th St

      STORE/OFFICE (MIXED USE)
      2285 67th St, Omaha, NE 68106-2844
      View Details
    • Value Estimation
      $13,640,000
      112,933 SF

      6700 Mercy Rd

      STORE/OFFICE (MIXED USE)
      6700 Mercy Rd, Omaha, NE 68106-2613
      View Details
    • Value Estimation by Request
      1,654 SF

      5069 Leavenworth St

      OFFICE/RESIDENTIAL (MIXED USE)
      5069 Leavenworth St, Omaha, NE 68106-1341
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Aksarben Village Development Opportunity

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      View Details
    • $419,900

      Updated Duplex in Prime Location

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      Well-Maintained Multifamily Property

      Multifamily property ideal for investment or owner residency.
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      8,000 SF

      Renovated Flex Space with Drive-ins

      Recently renovated flex space with high-end finishes and drive-in doors.
      3316 S 66Th Avenue Cir, Omaha, NE 68106
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      Prime Retail Corridor Space

      Located in one of Omaha's best retail corridors.
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      Move-in Ready Midtown Office Suites

      Small office suites available for lease in Midtown Omaha.
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      View Details
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      12,268 SF

      Aksarben Village Office Sublease

      Office space sublease in lively Aksarben Village, Omaha.
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      View Details
    • Contact for pricing
      11,566 SF

      Midtown Land for Lease

      Land available for lease in excellent Midtown location.
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      View Details
    • Contact for pricing

      Aksarben Village Restaurant Space

      Second-generation restaurant space in Omaha's vibrant Aksarben Village.
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      View Details
    • Contact for pricing

      Class A Office Data Center

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      View Details
    View Listing
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    Omaha, NE 68106
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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