4928 114Th St Omaha, NE 68137

This 19,500 square foot, two-story flex building in Omaha, Nebraska, presents a compelling investment opportunity. Located at 4928 S 114th St, 68137, this Class C property boasts 9 units totaling 16,460 net rentable square feet, currently 100% occupied with a gross lease structure. The asking price is $1,375,000, representing a 6.74% cap rate and a pro-forma cap rate of 10.24%. The property features convenient access to I-80 and Q Street, two drive-in doors with potential for an additional one, and ample parking (4 spaces per 1,000 sq ft). The building sits on a 0.95-acre lot and is zoned GI. The current Net Operating Income (NOI) is $92,678, with a pro-forma NOI of $140,806. The average unit size is 1,807 square feet, making it suitable for various tenants. The property's strong location benefits from a high average household income ($89,919) within a 1-mile radius and average home values of $280,032 in the nearby Mockingbird Hills West neighborhood. The building was constructed in 1984 and offers a mix of traditional office and flex space, making it a versatile option for owner-users or investors seeking a value-add opportunity. A 3,460 square foot space is currently available for an owner-user.