5050 Ames AveOmaha, NE 68104

Property Details for 5050 Ames Ave

Year built

1997

Lot size

0.50 AC

Property size (Sq ft)

7,920 SF

Property type

Office buildings

APN

1842398042

APU

1842398042

Description

This single-story, 17,070 square foot retail strip center, located at 5050 Ames Ave in Omaha, Nebraska (zip code 68104), presents a compelling investment opportunity. Built in 1988, the property boasts excellent visibility on Ames Avenue, near the intersection of 50th & Ames. The center is zoned CC-MCC and is situated in Douglas County. Currently, the property features two suites, with one suite totaling 2,520 square feet currently vacant. The total building size is 17,070 square feet. This presents a unique chance to acquire a well-located retail property with immediate income potential and the possibility of leasing the vacant space. The property's location offers convenient access to major thoroughfares and a strong customer base. The existing tenant(s) occupy a combined 14,550 square feet. This property is ideal for investors seeking a stable income stream with potential for future growth. The property's single-story design and ample parking provide convenience for both tenants and customers. Serious inquiries are encouraged to explore this promising investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $1,144,119

  6.5%

  $1,056,110

  7%

  $980,673

• Comparable approach

  Method

  Valuation

  Relative Method

  $404,237

  Geo Method

  $404,237

• Alternative Use

  Use

  Valuation

  Residential

  $1,309,576

  Hospitality

  $1,199,564

  Educational

  $998,024

  Medical

  $1,032,347

  Retail

  $1,552,481

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.3012

Longitude

-95.9928

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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