2132 42Nd StOmaha, NE 68105

Property Details for 2132 42Nd St

Year built

1960

Lot size

0.43 AC

Property size (Sq ft)

8,251 SF

Zone code

GO

Property type

Office buildings

APN

515240000

APU

515240000

Description

This exceptional 3,970 square foot office space is situated in a recently renovated building at 2132 S 42nd Street, Omaha, Nebraska, 68105. Located in Douglas County, this Class C property boasts a flexible floor plan ideal for various uses. The space, part of an 8,251 square foot, two-suite building on a 0.43-acre lot, offers a blend of private offices and open work areas, easily adaptable to diverse business needs. Built in 1960 and extensively renovated in 2022, the two-story building is zoned for central office use. While elevators are not available, the lower-level space provides convenient access. The property's prime location offers proximity to numerous amenities, being just over a mile south of the Midtown/Blackstone area. This presents a unique opportunity for businesses seeking affordable, adaptable office space in a thriving Omaha neighborhood. The minimum divisible space is 3,970 square feet, which is also the maximum contiguous space currently available. The property features a total of 8,251 square feet across two suites. This listing presents a rare chance to secure a well-maintained, renovated office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,829,259

  6.5%

  $1,688,547

  7%

  $1,567,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $421,131

  Geo Method

  $421,131

• Alternative Use

  Use

  Valuation

  Residential

  $2,093,798

  Hospitality

  $1,917,908

  Educational

  $1,595,677

  Medical

  $1,650,554

  Retail

  $2,482,164

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2388

Longitude

-95.9762

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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