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    Property profile & analytics

    3350 143rd Plz Omaha, NE 68144-5619

    • Turn key restaurants
    • 5,163 SF
    • 1.05 lot acres
    OFF-MARKET
    Last Sale
    Jan 07, 2025
    $1,600,000
    Value Estimations
    $1,385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0232772
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 3350 143rd Plz

    Year built
    1992
    Lot size
    1.05 lot acres
    Property size
    5,163 SF
    Zone code
    MU
    Property type
    Turn key restaurants
    APN
    1903874139
    APU
    1903874139

    Description

    This exceptional 5,163-square-foot free-standing restaurant building presents a prime opportunity for a discerning operator. Located in a high-traffic area of Omaha, Nebraska, this single-tenant property boasts unparalleled visibility and accessibility, situated conveniently off 144th and West Center Road, adjacent to The Oak View Mall. Built in 1992, the Class B building sits on a substantial 45,758-square-foot lot and offers ample parking with 82 spaces. The property is currently vacant and ready for immediate occupancy in May 2024, making it an ideal second-generation restaurant location. The single-story structure features no elevators, and the zoning is designated as MU. This is a rare opportunity to establish a thriving business in a well-established and densely populated area of Douglas County, benefiting from the high volume of traffic and proximity to a major shopping destination. The expansive lot size provides significant flexibility for outdoor seating or other operational needs. The property's existing infrastructure offers a cost-effective entry point for a new restaurant concept. Don't miss this chance to secure a prime location in a thriving Omaha market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,370,000
      ML approach
      $1,315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,623,000
      Market price range: $683k - $2.52M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1378
    Latitude
    41.2281
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,196
    $686,100
    $479,000
    $1,165,100
    -
    $686,100
    $479,000
    $1,165,100

    Comparable in this City

    • Value Estimation
      $460,000
      5,060 SF

      12423 Ctr Rd

      RESTAURANT • 5,060 SF
      12423 Ctr Rd, Omaha, NE 68144-3927
      View Details
    • Value Estimation
      $1,745,000
      6,400 SF

      2414 132nd St

      RESTAURANT • 6,400 SF
      2414 132nd St, Omaha, NE 68144-2531
      View Details
    • Value Estimation
      $2,060,000
      6,650 SF

      3040 143rd Plz

      RESTAURANT • 6,650 SF
      3040 143rd Plz, Omaha, NE 68144-5615
      View Details
    • Value Estimation
      $410,000
      5,154 SF

      3202 143rd Plz

      RESTAURANT • 5,154 SF
      3202 143rd Plz, Omaha, NE 68144-5617
      View Details
    • Value Estimation
      $405,000
      4,114 SF

      12960 Ctr Rd

      RESTAURANT • 4,114 SF
      12960 Ctr Rd, Omaha, NE 68144-3743
      View Details
    • Value Estimation
      $2,085,000
      2,300 SF

      13203 Ctr Rd

      RESTAURANT • 2,300 SF
      13203 Ctr Rd, Omaha, NE 68144-3410
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      23 SF

      Retail Center Near Oak View Mall

      Retail spaces available in premier location near Oak View Mall.
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      View Details
    • $32 SF/Yr
      3,100 SF

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      Prime leasing opportunity for coffee, restaurant, or retail concepts.
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      West Omaha Retail Spaces Available
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    • $10 SF/Yr
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      BEL AIR PLAZA Retail Center

      Omaha Retail Center: High-traffic location, ample parking.
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      View Details
    • Contact for pricing
      158,380 SF

      Omaha Retail Center Investment Opportunity

      High-traffic shopping center with 12,300 SF available.
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      View Details
    • $8 SF/Yr
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      Omaha Retail Sublease Opportunity

      4,437 SF Storefront in Southwest Omaha
      14444 Center Rd, Omaha, NE 68144
      View Details
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    Omaha, NE 68144-5619
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    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
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