9802 Nicholas StOmaha, NE 68114

Property Details for 9802 Nicholas St

Year built

1985

Lot size

0.29 AC

Property size (Sq ft)

1,767 SF

Property type

Office buildings

APN

643912038

APU

643912038

Description

This exceptional 5,034 square foot Class B executive office building, located at 9802 Nicholas St, Omaha, NE 68114, is available for $975,000. The property, built in 1985, is a single-story building with LO zoning and boasts 100% occupancy. Currently configured as two suites, Suite 205 features four window offices, a conference room, a front desk, ample storage, and a large collaboration area. Suite 215 includes two window offices, four interior offices, a kitchenette, two open seating areas, a bullpen area, and an additional open collaboration space. Multiple entrances/exits allow for comfortable multi-tenant functionality. The property is ideally suited for an owner-operator or as a readily leasable space. The HOA fee of $1647.63 per month covers lawn care, snow removal, HVAC maintenance, plumbing, and exterior maintenance. The lease is a gross lease, expiring October 31, 2023, with no remaining term. The price per square foot is $193.68. This centrally located Omaha office building near Regency offers a fantastic opportunity for immediate occupancy and strong potential return on investment. The property is currently utilized by a mortgage and real estate office. Easy to show.

• CAP approach

  CAP return

  Valuation

  6%

  $372,341

  6.5%

  $343,699

  7%

  $319,149

• Comparable approach

  Method

  Valuation

  Relative Method

  $90,188

  Geo Method

  $90,188

• Alternative Use

  Use

  Valuation

  Residential

  $426,187

  Hospitality

  $390,385

  Educational

  $324,796

  Medical

  $335,966

  Retail

  $505,238

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2704

Longitude

-96.0648

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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