Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4510 N 40Th St Omaha, NE 68111

    Sponsored
    Picture of Land at N 40Th St 4510, Omaha, NE
    For Sale
    Contact for pricing

    Residential - Omaha, NE

    Days on Market:
    283
    Last Refresh:
    Jan 23 at 11:06 am

    Property Features for 4510 N 40Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1604110000

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Angel Starks
    Angel Starks

    Nebraska Realty (402) 491-0100

    Listing agent Angel Starks (402) 491-0100 License #20110259

    Listing date Apr 16, 2025

    MLS# 22506581 Listing URL

    Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Omaha Vacant Residential Lot

    Located in Omaha, this vacant lot presents a canvas for development. The property offers potential for various projects, subject to local codes and zoning restrictions. Details regarding the purchase process are available in the attached documents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.972535
    Latitude
    41.299995

    Nearby Similar for Sale

    • $375,000

      Queen Anne Triplex in Hanscom Park

      Historic triplex with updated features in a desirable location.
      1936 S St, Omaha, NE 68105
      View Details
    • $650,000

      Historic 6-Plex Near Blackstone

      Historic 6-unit multi-family property near Blackstone District and Nebraska Medicine.
      401 S 38Th Ave, Omaha, NE 68131
      View Details
    • New
      $450,000

      Omaha Multi-Family Investment Opportunity

      Five-unit property with recent updates and additional parking.
      1416 O St, Omaha, NE 68107
      View Details
    • $225,000

      Tenant-Ready Tri-Plex Opportunity

      Non-conforming triplex with separate access, ready for tenants.
      4901 N 14Th St, Omaha, NE 68110
      View Details
    • $530,000
      0.13 Acres

      Omaha Multi-Family Investment Opportunity

      Cash-flowing 6-unit apartment building near transportation and shopping.
      1039 Park Ave, Omaha, NE 68105
      View Details
    • $750,000

      Updated Mixed-Use Property in Omaha

      Modernized triplex with office and outbuilding, ideal for mixed-use.
      2603 N St, Omaha, NE 68104
      View Details
    • $550,000

      Turnkey Townhome Units in Omaha

      Well-kept duplex with long-term tenants in place.
      9221 Blondo St, Omaha, NE 68134
      View Details
    • $899,900

      Omaha Multi-Family Investment Opportunity

      Updated five-unit properties with off-street parking and coin laundry.
      4531 Hamilton St, Omaha, NE 68132
      View Details
    • $925,000

      Omaha Multifamily Investment Opportunity

      Multifamily investment opportunity in South Omaha Vinton Street corridor.
      2416 S 16Th St, Omaha, NE 68108
      View Details
    • $399,000

      Historic Field Club Multi-Family

      Well-maintained five-unit property in the heart of Field Club.
      1618 S Avenue Plz, Omaha, NE 68105
      View Details
    • $395,000
      0.16 Acres

      Omaha Commercial Property For Sale

      Commercial property for sale in Omaha, Nebraska.
      1738 South 32Nd Ave, Omaha, NE 68105
      View Details
    • New
      $395,000
      1.35 Acres

      Updated Multi-Unit Investment Property

      Updated multi-unit property with five income-producing units on 1.35 acres.
      2322 Read St, Omaha, NE 68112
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot with endless potential in the heart of Omaha.
    Where is this land located?
    The property is located at 4510 N 40Th St Omaha, NE.
    What is the asking price?
    The asking price for this property is $10,900.
    What are key features of this property?
    This property features: - Vacant lot offering endless potential for development.; - Located in the heart of Omaha.; - Blank canvas ready for a new project.
    (402) 553-5744
    Request Owner's contact information
    4510 N 40Th St Omaha, NE 68111
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4510 N 40Th St
    Omaha, NE 68111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4510 N 40Th St Omaha, NE 68111
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Angel Starks
    Angel Starks
    Real Estate License ID: 20110259
    (402) 553-5744
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.