166 166Th St Omaha, NE 68116
This exceptional 7.889-acre parcel presents a remarkable opportunity for multifamily development in Omaha, Nebraska. Located at the intersection of 166th and Bedford, in the desirable 68116 zip code, this property boasts a prime location within the bustling Northwest Maple Street corridor. The R6 zoning designation allows for a variety of residential uses, making it ideal for the construction of apartments or other multifamily projects. The expansive lot size provides ample space for a substantial development, catering to the growing demand for housing in this area. The property benefits from its proximity to a wealth of established amenities, including major retail centers such as Target, Walmart, and Hy-Vee, ensuring convenient access to shopping and services for future residents. Furthermore, the site is surrounded by well-established residential neighborhoods, creating a cohesive and desirable community setting. This exceptional land offering is priced at $2,060,000 and represents a compelling investment opportunity for developers seeking to capitalize on the strong residential market in Omaha's Northwest sector. The property's strategic location and zoning make it an attractive proposition for those seeking to create a thriving multifamily community. Detailed site plans and further information are available upon request.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.