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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
661 50th St Omaha, NE 68132-2272
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US57-0016222
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1939
Total area
1,904 SF
Lot
0.11 ac (5,000 SF)
APN
951150000
UPID
US57-0016222
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
-
Omaha Massage and Healing Arts Alternative Medicine Practice Spa & Massage Center
-
Omaha Marketing Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$425k
Comparable Approach
Comparable
$408k
Blend (final)
Blend
$530k
Owner & transaction history
Omaha Massage And Healing Arts LLC · 4 yrs held
Omaha Massage And Healing Arts LLC
since 2022
Last sale
$522,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$355,000
+28.0%
Commercial (general)
$325,000
+17.4%
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
$540,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$425,000
7%
$395,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$355,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$325,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $523k (Apr 8 2022)
Last sale anchor
$523k
Apr 8 2022
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
$278 / 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
$8,260
Tax year 2023
Assessed value
$391,500
Assessed 2023
Previous assessed
$391,500
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$29,900
Assessed improvement
$361,600
Land market value
$29,900
Improvement market value
$361,600
Total market value
$391,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1939
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
1,904 SF
Lot
0.11 ac (5,000 SF)
APN
951150000
UPID
US57-0016222
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$355,000
COMMERCIAL (GENERAL)
Est. value
$325,000
NEIGHBORHOOD: SHOPPING CENTER
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
1939
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Omaha Massage And Healing Arts LLC
Entity
Mailing address
661 N 50TH ST, OMAHA, NE 68132-2272
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
$523,000
Omaha Massage And Healing Arts LLC
Bella Casa Investments LLC
Warranty Deed
$421,524 · First Nebraska Bank
May 9, 2018
—
Bella Casa Investments LLC
—
Deed
related
$150,000 · First Westroads Bank INC
Mar 7, 2016
$428,000
Bella Casa Investments LLC
White Building LLC
Warranty Deed
—
Dec 20, 2012
$365,000
White Building LLC
Lundee LLC
Warranty Deed
$373,500 · Mutual Of Omaha Bank
Aug 15, 2007
—
Bosovich Properties LLC
—
Trustees Deed
related
$333,600 · Fremont Nat'l Bank & Trust Co
May 22, 2007
—
Bosovich Properties LLC
—
Trustees Deed
related
$126,467 · Fremont Nat'l Bank & Trust Co
May 16, 2007
$160,000
Bosovich Properties LLC
Kountze Elizabeth J Trust
Warranty Deed
—
Feb 1, 2006
—
Kountze Elizabeth J Trust
Kountze,elizabeth K
Quit Claim Deed
related
—
—
—
White Building LLC
—
Deed Of Trust
related
$81,535 · Johnson Matthew J Trust (pt)
—
—
Bosovich Properties LLC
—
Deed Of Trust
related
$218,707 · Fremont Nat'l Bank & Trust Co
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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