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    Property profile & analytics

    78 78Th St Omaha, NE 68114

    • Neighborhood centers
    • 102,823 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tower Plaza / Business Service Center / Corporate Office

    Property Details for 78 78Th St

    Year built
    1998
    Property size
    102,823 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Tower Plaza, located at the highly visible 78th & Dodge intersection in Omaha, Nebraska, presents a compelling investment opportunity. This 102,823 square foot retail and restaurant strip center, built in 1998, offers a variety of spaces to suit diverse business needs. Currently, there are multiple units available, ranging from a minimum of 3,130 square feet to a maximum contiguous space of 11,146 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0355
    Latitude
    41.2596

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      1830 72nd St

      BAR, TAVERN • 2,400 SF
      1830 72nd St, Omaha, NE 68114-1930
      View Details
    • Value Estimation
      $675,000
      6,400 SF

      8100 Cass St

      BAR, TAVERN • 6,400 SF
      8100 Cass St, Omaha, NE 68114-3527
      View Details
    • Value Estimation by Request
      2,470 SF

      7768 Cass St

      BAR, TAVERN • 2,470 SF
      7768 Cass St, Omaha, NE 68114-3609
      View Details
    • Value Estimation by Request
      684 SF

      10810 Pacific St

      Restaurants • 684 SF
      10810 Pacific St, Omaha, NE 68114
      View Details
    • Value Estimation
      $1,815,000
      15,095 SF

      805 98th St

      SHOPPING CENTER, STRIP CENTER • 15,095 SF
      805 98th St, Omaha, NE 68114
      View Details
    • Value Estimation
      $5,195,000
      3,598 SF

      7601 Pacific St

      SHOPPING CENTER, STRIP CENTER • 3,598 SF
      7601 Pacific St, Omaha, NE 68114-5420
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60,799 SF

      Office and Retail Space Available

      Office and retail spaces for sale near high-traffic area.
      8601 W Dodge Rd, Omaha, NE 68114
      View Details
    • Contact for pricing

      Omaha Strip Center For Sale

      Multi-use strip center in central Omaha with high visibility.
      304-328 S 72Nd St, Omaha, NE 68114
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    • $400,000
      0.56 Acres

      Omaha Residential Lot Opportunity

      Half-acre lot in Westside School District, build your dream home.
      810 N Cir, Omaha, NE 68114
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    • $2,740,000
      0.56 Acres

      72nd & Farnam Development Land

      Omaha commercial land, high traffic
      333 72Nd St, Omaha, NE 68114
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    • Contact for pricing
      20,786 SF

      Omaha Office Space For Sale

      Class B office space near Westroads Mall, built in 1995.
      1010 N 96Th St, Omaha, NE 68114
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    • Contact for pricing
      2,228 SF

      First Floor Office Condo Available

      Office condo with open floorplan, greenspace view, and front parking.
      10404 Essex Ct, Omaha, NE 68114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      400,000 SF

      Regency Landing: Omaha Office Space

      Prime Omaha location, flexible office suites.
      909 107Th Ave, Omaha, NE 68114
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    • $35 SF/Yr
      90,945 SF

      Omaha Restaurant Space: One Pacific Place

      Prime Omaha restaurant space available. High traffic, established center.
      10317 Pacific St, Omaha, NE 68114
      View Details
    • Contact for pricing
      1,780 SF

      Restaurant Space in Countryside Village

      Restaurant space with complete kitchen infrastructure in established shopping center.
      8725 Pacific St, Omaha, NE 68114
      View Details
    • $20 SF/Yr
      43,716 SF

      Clocktower Village Retail Space

      Omaha Retail Center, High Visibility
      643 98Th St, Omaha, NE 68114
      View Details
    • Contact for pricing
      1,707 SF

      Retail Space in Busy Center

      Retail space available in a busy Omaha shopping center.
      7609-7653 Cass St, Omaha, NE 68114
      View Details
    • $15 SF/Yr
      35,206 SF

      Cass Court Retail Space Available

      Mid-Omaha retail storefront, multiple spaces.
      7645 Cass St, Omaha, NE 68114
      View Details
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    78 78Th St
    Omaha, NE 68114
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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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