204 204Th St Omaha, NE 68022
This exceptional Omaha development opportunity encompasses 0.95 to 8.91 acres of land zoned MU, situated on heavily trafficked 204th Street between Elkhorn and Gretna. The Coventry Development is part of a master-planned community featuring 210 affluent single-family homes, multi-family residential, retail, office, and recreational elements. The site offers 22 pads and boasts a prime location within a thriving mixed-use area, including a major office anchor (ACI Worldwide with 700+ employees), a 12-screen ACX theater and restaurant, and an additional 542,500 square feet of planned and platted space for office, retail, and medical uses. The land value ranges from $16 to $23 per square foot. This development benefits from a high-traffic location (approximately 35,000 cars daily), a strong demographic profile (3-mile household income of $161,138, median home value exceeding $350,000 in nearby Elkhorn and Gretna), and significant population growth in the area (420% since 2000). All sites are zoned and ready for immediate development, offering experienced developers flexibility in deal structure, site, and building design. The property is located at two addresses: 204th & Q St, Omaha, NE 68022 and 204th & Harrison Street, Omaha, NE 68022.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.