5005 153Rd StOmaha, NE 68137

Property Details for 5005 153Rd St

Year built

2010

Property size (Sq ft)

33,648 SF

Zone code

MU

Property type

Medical offices

Property subtype

Medical centers

APN

932668000

APU

932668000

Description

This exceptional owner-user opportunity presents a 12,120-square-foot Class B office condominium in Omaha, Nebraska's Southwest submarket. Located within the Walnut Grove Business Park at 5005 S 153rd St, zip code 68137, this two-story building, constructed in 2006, boasts a highly functional layout with a blend of open space, private offices, conference rooms, and break rooms. The property features abundant natural light from perimeter windows. Currently 100% occupied under a lease expiring June 2026, offering flexibility for immediate occupancy or continued lease income. The space is divisible into two units: 5,472 square feet (Suites 202 & 204) and 6,648 square feet (Suites 201, 203, & 205). One tenant is open to early lease termination with short notice. The current annual rent is $189,708 plus operating expenses. The asking price is $1,935,120, translating to $159.66 per square foot. This represents a significant value compared to the cost of constructing a similar asset. The property is zoned MU and situated within a thriving business park offering convenient amenities including a bank, medical offices, restaurants, gym, Walgreens, financial services, and a coffee shop. This is a rare opportunity to acquire a well-located, functional, and income-producing office condominium in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,005,627

  6.5%

  $5,543,656

  7%

  $5,147,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,717,394

  Geo Method

  $1,717,394

• Alternative Use

  Use

  Valuation

  Residential

  $6,874,133

  Hospitality

  $6,296,669

  Educational

  $5,238,754

  Medical

  $5,418,924

  Retail

  $8,149,174

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2081

Longitude

-96.1527

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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