5634 85Th CirOmaha, NE 68127

Property Details for 5634 85Th Cir

Year built

1973

Lot size

0.88 AC

Property size (Sq ft)

12,000 SF

Zone code

GI

Property type

Office buildings

APN

1936311515

APU

1936311515

Description

This exceptional South Central Omaha office building, located at 5634 S 85th Circle (near 84th & Q Street), offers a unique blend of traditional and creative office spaces, perfect for a variety of businesses. The 12,000 square foot, two-story building sits on a 0.88-acre lot and boasts a Class B rating. Built in 1973, the property features ample parking with 48 spaces available. The building is zoned GI-General Industrial, providing flexibility for various uses. Multiple tenancy options are available, with spaces ranging from a minimum of 945 square feet to a maximum contiguous space of 2,700 square feet. The property is conveniently located minutes from I-80, providing easy access to major transportation routes. The building consists of two suites, offering a variety of configurations to suit individual business needs. This property presents a fantastic opportunity for businesses seeking a well-maintained, versatile office space in a thriving South Omaha location. The property's location and flexible space options make it an ideal choice for companies looking to establish or expand their presence in the Omaha market. This is a rare opportunity to secure a well-positioned office building in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,989,356

  6.5%

  $1,836,328

  7%

  $1,705,162

• Comparable approach

  Method

  Valuation

  Relative Method

  $612,480

  Geo Method

  $612,480

• Alternative Use

  Use

  Valuation

  Residential

  $2,277,047

  Hospitality

  $2,085,763

  Educational

  $1,735,330

  Medical

  $1,795,011

  Retail

  $2,699,402

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.1998

Longitude

-96.0449

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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