1111 13Th StOmaha, NE 68102

Property Details for 1111 13Th St

Year built

1941

Lot size

8.69 AC

Property size (Sq ft)

139,424 SF

Property type

Office buildings

APN

1748166208

APU

1748166208

Description

This vibrant Downtown Omaha office building, the Mastercraft Building at Millwork Commons, offers a unique blend of historic charm and modern amenities. Originally constructed in 1941 and extensively renovated in 2016, this 139,424 square foot creative office space provides flexible options for businesses of all sizes. Units range from a minimum of 529 square feet to a maximum contiguous space of 11,000 square feet, with 31,682 square feet currently available. The building boasts a total of 16 available spaces, catering to diverse needs. Located at 1111 N 13th St, Omaha, NE 68102, this 8.6-acre property offers ample parking with a 4:1,000 ratio. The building's location in the heart of Omaha's Downtown submarket provides easy access to various amenities and transportation options. The Mastercraft Building fosters a collaborative environment, encouraging interaction and innovation among its 60+ tenants. Its shared common areas are designed to facilitate networking and spontaneous collaboration. This property is ideal for creative professionals seeking a dynamic and inspiring workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $20,141,112

  6.5%

  $18,591,796

  7%

  $17,263,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,116,201

  Geo Method

  $7,116,201

• Alternative Use

  Use

  Valuation

  Residential

  $23,053,826

  Hospitality

  $21,117,180

  Educational

  $17,569,246

  Medical

  $18,173,480

  Retail

  $27,329,940

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2723

Longitude

-95.933

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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