Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6624 Blondo St Omaha, NE 68104-4643

    • Investment properties
    • 6,480 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Mar 23, 2020
    $620,000
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    8.9%
    Investment properties
    Location Intelligence
    Property ID
    US57-0212796
    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

    • DETAH BARBERS & CO / Barber Shop
    • The B Spot / Hair Salon

    Property Details for 6624 Blondo St

    Year built
    1952
    Lot size
    0.19 lot acres
    Property size
    6,480 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    650830002
    APU
    650830002

    Description

    This 750-square-foot office suite is available for lease in a well-maintained, mixed-use building located at 6624 Blondo St, Omaha, NE 68104, near the intersection of Blondo and 66th Street. The building, constructed in 1952 and renovated in 2022, is a Class B property encompassing 6,480 square feet across two stories. The suite is part of a six-suite building with a total of 750 square feet currently vacant. The property sits on 0.19 acres and features ample parking with a 0.52 parking space ratio. The zoning is Mixed Use, allowing for diverse commercial opportunities. The building does not have elevators. This is an excellent opportunity for a business seeking a well-located, renovated office space in a thriving Omaha neighborhood. The property's prime location on Blondo Street offers excellent visibility and accessibility. The minimum divisible space is 750 square feet, making it ideal for a single tenant. The Douglas County Assessor's Parcel Number (APN) is 0650830002. This is a traditional office space suitable for executive offices as well.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $715,000
      ML approach
      $625,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,055,000
      6.5%
      $975,000
      7%
      $905,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $508,000
      Market price range: $211k - $539k

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0152
    Latitude
    41.2779
    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
    $12,477
    $27,300
    $564,100
    $591,400
    -
    $27,300
    $564,100
    $591,400

    Comparable in this City

    • Value Estimation
      $270,000
      1,466 SF

      6103 Blondo St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,466 SF
      6103 Blondo St, Omaha, NE 68104-4718
      View Details
    • Value Estimation
      $285,000
      7,473 SF

      6073 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,473 SF
      6073 Maple St, Omaha, NE 68104-4050
      View Details
    • Value Estimation
      $240,000
      3,492 SF

      5913 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,492 SF
      5913 Maple St, Omaha, NE 68104-4101
      View Details
    • Value Estimation
      $300,000
      2,668 SF

      6119 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,668 SF
      6119 Maple St, Omaha, NE 68104-4043
      View Details
    • Value Estimation
      $310,000
      6,480 SF

      6205 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,480 SF
      6205 Maple St, Omaha, NE 68104-4003
      View Details
    • Value Estimation
      $275,000
      4,461 SF

      6105 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,461 SF
      6105 Maple St, Omaha, NE 68104-4001
      View Details

    Similar Nearby for Sale

    • $750,000

      Updated Mixed-Use Property in Omaha

      Modernized triplex with office and outbuilding, ideal for mixed-use.
      2603 N St, Omaha, NE 68104
      View Details
    • $625,000

      Mixed-Use Triplex in Benson

      Updated triplex with commercial space in vibrant Benson district.
      5519 NW Radial Hwy, Omaha, NE 68104
      View Details
    • $685,000

      Historic Benson Retail Building For Sale

      Retail building in Benson entertainment district, great walkability.
      6016 Maple St, Omaha, NE 68104
      View Details
    • $285,000
      2 SF

      Updated Retail Building For Sale

      Renovated retail building with value-add potential available for sale.
      4963 Northwest Radial Hwy, Omaha, NE 68104
      View Details
    • $550,000
      2,000 SF

      Historic Benson Office Building For Sale

      Turnkey office space in vibrant Benson neighborhood, suitable for investors.
      5916 Maple St, Omaha, NE 68104
      View Details
    • Contact for pricing
      2.05 Acres

      Omaha Commercial Land - 2.05 Acres

      Prime Omaha location, retail/mixed-use potential.
      7117 Maple St, Omaha, NE 68104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,070 SF

      Omaha Retail Strip Center Investment Opportunity

      High-visibility Ames Ave retail space available.
      5050 Ames Ave, Omaha, NE 68104
      View Details
    • $16 SF/Yr
      4,040 SF

      Ames Ave Retail Opportunity

      Omaha Retail Space - High Traffic Area
      6059 Ames Ave, Omaha, NE 68104
      View Details
    • Contact for pricing

      Prime Corner Lot for Lease

      Corner lot available for retail or mixed-use development.
      7117 Maple St, Omaha, NE 68104
      View Details
    • Contact for pricing
      89,625 SF

      Omaha Commercial Land - 2 Acres

      Prime Omaha location, 89,625 sq ft lot, high traffic.
      7117 Maple St, Omaha, NE 68104
      View Details
    • $12 SF/Yr
      43,640 SF

      Ames Innovation Office Space

      Omaha Creative Office, 10,000-19,863 SF
      4606 56Th St, Omaha, NE 68104
      View Details
    • $9 SF/Yr
      2 SF

      Updated Retail Building For Lease

      Updated retail building with value-add potential available for lease.
      4963 Northwest Radial Hwy, Omaha, NE 68104
      View Details
    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.
    6624 Blondo St
    Omaha, NE 68104-4643
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.