1412 Howard StOmaha, NE 68102

Property Details for 1412 Howard St

Year built

1905

Lot size

0.10 AC

Property size (Sq ft)

7,920 SF

Property type

Office buildings

APN

314000003

APU

314000003

Description

This exceptional 7,920 square foot creative office building, located at 1412 Howard Street in Omaha, Nebraska's vibrant Central Business District (CBD), presents a unique owner/user investment opportunity. Built in 1905 and situated on a 0.1-acre lot, this two-story building boasts a beautifully updated interior. The main floor features an open-concept layout perfect for various uses, including client consultations, studios, or gallery displays. The second floor includes partially leased professional office space, providing a current income stream. A full basement offers versatile space for storage, equipment, or specialized projects. Adding to its appeal, the property includes a private parking lot with 17 dedicated stalls, providing ample parking for tenants or generating additional rental income. The permitted zoning is CBD, reflecting its prime location in the heart of downtown Omaha. This property offers a blend of modern updates and historic charm, making it an ideal space for creative entrepreneurs seeking a high-traffic location with built-in income potential. The asking price is $2,180,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,755,876

  6.5%

  $1,620,808

  7%

  $1,505,036

• Comparable approach

  Method

  Valuation

  Relative Method

  $404,237

  Geo Method

  $404,237

• Alternative Use

  Use

  Valuation

  Residential

  $2,009,802

  Hospitality

  $1,840,968

  Educational

  $1,531,664

  Medical

  $1,584,340

  Retail

  $2,382,588

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2558

Longitude

-95.9352

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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