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    Property profile & analytics

    4103 205Th St Omaha, NE 68022

    • Commercial real estate
    • 32.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1160733
    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

    • Commercial real estate

    Property Details for 4103 205Th St

    Lot size
    32.21 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 32.21-acre commercial land parcel in Omaha, Nebraska, presents a unique investment opportunity. Located at 4103 South 205th Street, Douglas County, zip code 68022, this property boasts excellent visibility and accessibility from 205th Street. Currently, 13.17 acres are available for development. The site benefits from its strategic location, anchored by Elkhorn Public Schools and future multi-family developments, ensuring a strong surrounding community. High traffic counts are a significant advantage, with 43,395 vehicles per day (VPD) at South 204th and West Center Road, and 32,950 VPD at South 204th and Q Street. This prime location is ideal for neighborhood retail and office users, given the high income levels and home values in the surrounding area. Lots 96 and 97 are combinable, offering flexibility for larger-scale projects. The property is suited for mixed-use development and is expected to be ready for development by Spring 2024. This is an exceptional opportunity to capitalize on a thriving Omaha location with significant development potential.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.23454183
    Latitude
    41.21800124

    Comparable in this City

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      Residential Lot in Elkhorn, NE

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      Omaha Residential Lot For Sale

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    Similar Nearby for Sale

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      1.00 Acre

      Omaha Commercial Land - Lots 3 & 4

      Prime Omaha location, flexible development options.
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    • $1,199,000
      2.22 Acres

      Omaha Commercial Land - 2.22 Acres

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      Residential Land in Elkhorn, NE

      Land for sale in Elkhorn School District.
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    • $79,000

      Residential Lot in Elkhorn, NE

      0.27 acre walk-out lot in Calarosa/Vistancia, Elkhorn.
      5513 N 205Th St, Elkhorn, NE 68022
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    • $227,000
      0.41 Acres

      Omaha Residential Land For Sale

      Spacious 0.41 acre lot in desirable Elkhorn neighborhood.
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    • $245,000
      0.45 Acres

      Omaha Residential Lot For Sale

      Spacious 0.46 acre lot in desirable Elkhorn neighborhood.
      3337 S 206Th St, Omaha, NE 68022
      View Details

    Similar Nearby for Lease

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      Retail Space Available for Lease

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      Omaha Office Space For Rent

      52,205 square feet of office space available for lease.
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    • $20 SF/Yr
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      Elkhorn Retail/Daycare Opportunity

      6,896 SF space in fast-growing Elkhorn area.
      20111 Roberts St, Omaha, NE 68022
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    4103 205Th St
    Omaha, NE 68022
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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.

    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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