13270 Millard AveOmaha, NE 68137

Property Details for 13270 Millard Ave

Year built

1935

Lot size

0.96 AC

Property size (Sq ft)

15,207 SF

Zone code

R3

Property type

Office buildings

APN

1746230007

APU

1746230007

Description

This exceptional three-story office building, located at 13270 Millard Avenue in Omaha, Nebraska's Southwest Omaha submarket, presents a unique opportunity. Originally constructed in 1935, this 15,519 square foot building boasts a rich history and classic charm, now offering modern office space. The property is classified as Class C and sits on a 0.96-acre lot, providing ample space and potential. The building features a total of five suites, with two currently available, ranging from 954 to 997 contiguous square feet. A minimum of 954 square feet is divisible, offering flexibility for various business needs. The building's total vacant space amounts to 4,368 square feet. Conveniently located near the intersection of Millard Avenue and Stevens St NW, the property includes 50 parking spaces for tenants and visitors. This property is ideal for businesses seeking a blend of historical character and modern functionality in a vibrant Omaha neighborhood. The property type is listed as Office and Retail, with the subtype being Traditional Office and Creative Office, making it suitable for a wide range of businesses. The building's multiple tenancy allows for diverse occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,714,205

  6.5%

  $2,505,420

  7%

  $2,326,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $776,165

  Geo Method

  $776,165

• Alternative Use

  Use

  Valuation

  Residential

  $3,106,721

  Hospitality

  $2,845,740

  Educational

  $2,367,622

  Medical

  $2,449,048

  Retail

  $3,682,967

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2114

Longitude

-96.1227

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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