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Property profile & analytics
FOR LEASE
Medical Office Space
11704 W Center Rd Omaha, NE 68144
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US57-0037415
For Lease
1 / 5
$23.60 SF/Yr
11704 W Center Rd, Omaha, NE 68144
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
25,856 SF
Lot
2 ac (87,120 SF)
Zoning code
GO
APN
1249470000
UPID
US57-0037415
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Ian D. Crabb, MD Medical Clinic
-
Duff Wallace E MD Physician
-
Ear Nose & Throat Head & Neck: Thomas J Dobleman, MD Physician
-
Wilkinson Susan M MD Physician
-
Thomas James Dobleman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.96M
CAP Approach
CAP
$5.39M
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$4.52M
Owner & transaction history
Ajv Properties LLC · 4 yrs held
Ajv Properties LLC
since 2021
Last sale
$4.2M
5 recorded transactions
Zoning & alternative use
GO · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.8M
+23.7%
Retail stores
$4.0M
+3.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Omaha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Omaha submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,885,000
ML approach
$4,955,000
CAP Approach
CAP Return
Estimation
6%
$5,835,000
6.5%
$5,385,000
7%
$5,000,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,905,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,830,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$4,040,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,835,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$3,775,000
Change: -3% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,620,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$4.52M
Range $4.07M – $4.97M · ±10% · vs last sale $4.20M (Sep 9 2021)
Last sale anchor
$4.20M
Sep 9 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$175 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$73,452
Tax year 2023
Assessed value
$3,481,500
Assessed 2023
Previous assessed
$3,481,500
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$574,600
Assessed improvement
$2,906,900
Land market value
$574,600
Improvement market value
$2,906,900
Total market value
$3,481,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1979
Heating
YES
Cooling
YES
Stories
2
Units
3
Total area
25,856 SF
Lot
2 ac (87,120 SF)
Zoning code
GO
APN
1249470000
UPID
US57-0037415
Jurisdiction
DOUGLAS
Zoning & alternative use
GO · Omaha, NE
Zoning GO · permitted uses
GO · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Omaha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
RETAIL STORES
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
YES
Cooling
Yes
Stories
2
Units
3
Lot
2 ac
Current owner
From public records · entity-resolved
Ajv Properties LLC
Entity
Mailing address
5123 S 111TH ST, OMAHA, NE 68137-2341
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
$4,200,000
Ajv Properties LLC
11704 Building LLC
Special Warranty Deed
$3,066,000 · Premier Bank
Mar 2, 2009
$5,005,111
1001 Building LLC
Orthopedic Clinic Partners
Warranty Deed
—
—
—
11704 Building LLC
—
Loan Modification
related
$2,662,000 · Wells Fargo Bank
—
—
Orthopedic Clinic Partners
—
Deed Of Trust
related
$350,000 · Omaha State Bank
—
—
1001 Building LLC
—
Deed Of Trust
related
$3,300,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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