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    3870 Dodge St Omaha, NE 68131

    Sponsored
    For Sale
    $440,000

    Prime Dodge Street location, multifamily potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,775 square foot commercial and residential land parcel at 3870 Dodge Street in Omaha, Nebraska, presents a unique redevelopment opportunity. Located in the vibrant Midtown area, this property boasts prime frontage on Dodge Street, offering unparalleled visibility and accessibility. The existing structure will be removed by the seller, delivering a cleared site ready for immediate construction. This significantly reduces upfront costs and streamlines the development process. The property's CC-ACI-*2(50) zoning permits multifamily development, aligning perfectly with the high demand for housing in this sought-after neighborhood. Its strategic location offers convenient proximity to major attractions, including the University of Nebraska Medical Center (UNMC), the Blackstone District, and Midtown Crossing. Furthermore, the property benefits from a pre-existing curb cut onto Dodge Street, ensuring easy ingress and egress. The future streetcar route on Farnam Street is just two blocks away, enhancing the property's appeal and future value. This is an exceptional chance to capitalize on the thriving Omaha real estate market and create a high-value multifamily development in a dynamic and desirable location. The asking price is $440,000. The property is situated in Douglas County, Nebraska, with a zip code of 68131.

    Property Features for 3870 Dodge St

    General Information

    Property type
    Land

    HighLights

    • 11,775 SF land parcel in Omaha, NE's Midtown area, ready for immediate development.
    • Prime Dodge Street frontage provides exceptional visibility and accessibility.
    • Zoned CC‑ACI-*2(50) for multifamily development.
    • Existing structure to be removed by seller.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9712511
    Latitude
    41.2598503

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    FAQs

    What type of property is this?
    Land - Prime Dodge Street location, multifamily potential.
    Where is this land located?
    The property is located at 3870 Dodge St Omaha, NE.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: 11,775 SF land parcel in Omaha, NE's Midtown area, ready for immediate development.; Prime Dodge Street frontage provides exceptional visibility and accessibility.; Zoned CC-ACI-*2(50) for multifamily development.
    (402) 769-7574
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    3870 Dodge St Omaha, NE 68131
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    Realmo Value Estimation

    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.

    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.

    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
    3870 Dodge St Omaha, NE 68131
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