Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Upscale Shopping District Title is generated by Realmo AI

    W Dodge Rd, Omaha, NE 68118

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land near Village Pointe and major healthcare facilities.

    Type:Land
    Added:
    Mar 27, 2023
    Days on Market:
    1166
    Last Refresh:
    May 12 at 8:29 pm

    Property Features for W Dodge Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Scott Blount

    Listing agent Scott Blount License #SD 11915

    Listing office Lloyd Companies

    Listing date Mar 27, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lloyd Companies

    HighLights

    • Premier land adjacent to Village Pointe, a high‑traffic shopping and entertainment district (5.9M annual visits).
    • Located near Omaha's upscale shopping district off Dodge Rd.
    • Proximity to major healthcare facilities (Children's Hospital, Nebraska Medicine, Madonna Rehab).
    • High visibility location off a major thoroughfare (Dodge Rd).
    • Location attracts thousands of healthcare professionals daily.
    • Open‑air shopping, dining, and entertainment district nearby.

    Overview

    This premier land is located near Omaha’s upscale shopping district, just off Dodge Rd, a major thoroughfare. It is adjacent to Village Pointe, an open-air shopping, dining, and entertainment district that draws 5.9M visits annually. The property is surrounded by leading healthcare facilities, including the Children’s Hospital, Nebraska Medicine, and Madonna Rehab, bringing thousands of professionals to the area daily.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.039998
    Latitude
    41.260699

    Nearby Similar for Sale

    • $825,000

      Omaha Brick Duplex Opportunity

      Stunning duplex ideal for rentals or multi-generational living.
      5114 Dodge Street, Omaha, NE 68132
      View Details
    • $469,000

      Omaha Multi-Family Investment Opportunity

      Duplex in a convenient location with income potential.
      10804 Borman Avenue, Omaha, NE 68137
      View Details
    • $670,000

      Carefree Duplex in Elkhorn Schools

      8 bed, 8 bath duplex near 168th & West Dodge.
      17069 Nicholas Street, Omaha, NE 68118
      View Details
    • $870,000

      12-Unit Multifamily Investment

      Fully occupied 12-unit building with private parking and laundry hookups, offering value-add upside in a high-demand corridor.
      1014 N 48th Avenue, Omaha, NE 68132
      View Details
    • $295,000

      Commercial Land with Utilities at Site

      Build-ready commercial lot with water and sewer lines stopping at the property and convenient access near an interstate split.
      2929 Ed Creighton Avenue, Omaha, NE 68105
      View Details
    • $425,000

      Omaha Multi-Family Investment Opportunity

      Five-unit property generating approximately $4,550 monthly gross income.
      1416 O Street, Omaha, NE 68107
      View Details
    • $465,328

      Residential Lots in Sterling Ridge

      Luxury residential lots in premier Omaha neighborhood near 132nd & Pacific.
      1722 S 129 Plaza Circle, Omaha, NE 68144
      View Details
    • $604,800
      2,864 SF

      Modern Office Condominium in Omaha

      Move-in-ready office space in Southwest Omaha's Ridgeview Office Park.
      18045 Oak St # A & B, Omaha, NE 68130
      View Details
    • $300,000

      Midtown Multi-Family Investment Opportunity

      Spacious property near Blackstone, UNMC, and Leavenworth corridor.
      3521 Jones Street, Omaha, NE 68105
      View Details
    • $579,000

      Renovated 8-Unit Multifamily

      Fully renovated, furnished eight-unit property with off-street parking and on-site laundry for flexible mid- or short-term use.
      1120 Park Avenue, Omaha, NE 68105
      View Details
    • $419,900

      Updated Duplex in Prime Location

      Updated duplex in Omaha, great for investors or owner-occupants.
      2501 and 2503 S 49 Street, Omaha, NE 68106
      View Details
    • $520,000

      Omaha Acreage with Development Potential

      Almost 5 acres of land suitable for development or new home.
      4602 Bauman Avenue, Omaha, NE 68152
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land near Village Pointe and major healthcare facilities.
    Where is this commercial land located?
    The property is located at W Dodge Rd Omaha, NE.
    What are key features of this property?
    This property features: Premier land adjacent to Village Pointe, a high‑traffic shopping and entertainment district (5.9M annual visits).; Located near Omaha's upscale shopping district off Dodge Rd.; Proximity to major healthcare facilities (Children's Hospital, Nebraska Medicine, Madonna Rehab).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Blount
    Real Estate License ID: SD 11915
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    W Dodge Rd, Omaha, NE 68118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!