Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    168 168Th St Omaha, NE 68118
    Back to Search
    Property profile & analytics

    168 168Th St, Omaha, NE 68118

    View on Map
    • Retail properties & Spaces
    • 0.32 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Midwest Dental School / High School

    Property Details for 168 168Th St

    Lot size
    0.32 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents three commercial lots totaling 2.82 acres in Omaha, Nebraska, situated at the highly visible intersection of 168th & Blondo Streets. The property boasts a Mixed Use zoning designation, allowing for diverse development options. The location benefits from a daily traffic count of 37,786 vehicles, ensuring high visibility and accessibility. This prime real estate is situated near established businesses including Scooters, Kitty Lee Dance Studio, and Yellow Brick Road Child Development, indicating a thriving commercial environment. Furthermore, its proximity to the West Dodge Road corridor and Village Pointe Shopping Center (one mile away) provides excellent access to a large consumer base and strong West Omaha demographics. The lots are ready for immediate development, with utilities in place and no flood plain issues. Individual lot sizes and pricing vary: Lot 1 (0.5 acres) is priced at $326,700 ($15/SF)

    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
    -96.1811
    Latitude
    41.2769

    Comparable in this City

    • Value Estimation by Request
      1.60 Acres

      168th St

      Land
      168th St, Omaha, NE 68118
      View Details
    • Value Estimation by Request

      180Th St

      Retail properties & Spaces
      0 180Th St, Omaha, NE 68118
      View Details
    • Value Estimation by Request
      1.25 Acres

      440 179Th St

      Land
      440 179Th St, Omaha, NE 68118
      View Details
    • Value Estimation
      $1,440,000
      7,227 SF

      1910 168th St

      RETAIL STORES (PERSONAL SERVICES)
      1910 168th St, Omaha, NE 68118-9311
      View Details
    • Value Estimation
      $1,565,000
      8,058 SF

      16880 Parker Plz

      RETAIL STORES (PERSONAL SERVICES)
      16880 Parker Plz, Omaha, NE 68118-6011
      View Details
    • Value Estimation by Request
      450 SF

      16804 Decatur St

      RETAIL STORES (PERSONAL SERVICES)
      16804 Decatur St, Omaha, NE 68118
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property for Sale

      Retail property available for purchase in Omaha, Nebraska.
      17410 Burt St, Omaha, NE 68118
      View Details
    • Contact for pricing

      Retail Property for Sale

      Retail property available for purchase in Omaha, Nebraska.
      17755 Burt St, Omaha, NE 68118
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      17925 Burke St, Omaha, NE 68118
      View Details
    • Contact for pricing

      Land For Sale

      1.824 acre land parcel available.
      180th W Dodge Rd, Omaha, NE 68118
      View Details
    • Contact for pricing
      6,413 SF

      Omaha Medical Office Investment Opportunity

      NN Lease investment opportunity in Omaha, built in 2017.
      15801 W Dodge Rd, Omaha, NE 68118
      View Details
    • Contact for pricing
      6,413 SF

      Medical Office Investment Opportunity

      Freestanding medical office building with long-term net lease.
      15801 W Dodge Rd, Omaha, NE 68118
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,500 SF

      Retail Space in Village Pointe

      Retail space available in Omaha's Village Pointe shopping destination.
      17255 Davenport St, Omaha, NE 68118
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on West Dodge

      Retail space with high traffic and income demographics.
      15821 W Dodge Rd, Omaha, NE 68118
      View Details
    • Contact for pricing
      3,870 SF

      Former Fitness Space Available

      Retail space with large open area and restrooms with showers.
      15791 W Dodge Rd, Omaha, NE 68118
      View Details
    • Contact for pricing

      High-Traffic Retail and Office Space

      Retail and office spaces in high-traffic Omaha location for rent.
      15615-15821 West Dodge Rd, Omaha, NE 68118
      View Details
    • Contact for pricing

      Class A Office Space

      Class A office property near 168th & Pacific Street.
      17110 Marcy St, Omaha, NE 68118
      View Details
    • Contact for pricing

      Retail Space Near Costco

      Retail space available near Costco and Sam's Club.
      180Th St, Omaha, NE 68118
      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.
    168 168Th St
    Omaha, NE 68118
    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

    Thank You for Inquiry
    168 168Th St, Omaha, NE, 68118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!