18020 Burt StOmaha, NE 68022

Property Details for 18020 Burt St

Year built

2012

Lot size

5.55 AC

Property size (Sq ft)

107,052 SF

Property type

Office buildings

APN

2502390832

APU

2502390832

Description

This exceptional Class A office building, located at 18020 Burt Street in Omaha, Nebraska, offers 96,285 square feet of versatile space. Built in 2012, this three-story building features a mix of large open work areas, private offices, and meeting rooms, catering to diverse business needs. Amenities include spacious cafeterias and lounge areas, two bathrooms per floor, and a large outdoor patio. Leasehold improvements are in place, allowing for immediate occupancy. The property boasts high visibility, situated just off 180th Street and the West Dodge Expressway, benefiting from excellent exposure to 77,000 vehicles per day. This prime location within Omaha's most desirable Suburban West Dodge submarket, which has experienced 1,200,000 square feet of net absorption over the past five years, ensures strong tenant demand. The building includes 1064 parking spaces and is zoned for mixed use. The property is comprised of one building, with a minimum divisible space of 96,285 square feet and a maximum contiguous space of 96,285 square feet. Currently, the entire 96,285 square feet is vacant. The building features elevators and has a property tax cost per square foot of $4.02. Monument and building signage opportunities are available. This is a unique opportunity to secure a substantial, well-appointed office space in a thriving Omaha location. The zip code is 68022.

• CAP approach

  CAP return

  Valuation

  6%

  $22,557,898

  6.5%

  $20,822,676

  7%

  $19,335,342

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,463,934

  Geo Method

  $5,463,934

• Alternative Use

  Use

  Valuation

  Residential

  $25,820,118

  Hospitality

  $23,651,090

  Educational

  $19,677,428

  Medical

  $20,354,166

  Retail

  $30,609,334

Location Insight

City

Elkhorn

County

Douglas

State

Nebraska

Latitude

41.2672

Longitude

-96.1991

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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