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    OFF-MARKET
    Land

    192nd Dodge Rd, Omaha, NE 68022

    794,099 SF 9 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9-18.23 acre multifamily land parcel in Elkhorn, Nebraska, presents a unique investment opportunity. Located at the intersection of 192nd & W Dodge Rd, this property boasts a substantial 794,099 square feet and is zoned MU, permitting high-density residential development. The site is part of the Avenue One development, envisioned to include approximately 700,000 square feet of office space and 1,500 residential units. This location offers convenient access to Omaha's primary east-west corridor, West Dodge Road, and benefits from its proximity to established, high-quality single-family neighborhoods. The Avenue One development plan emphasizes walkability and livability, incorporating parks, trails, and paths. The property's location within an Enhanced Employment Area results in annual real estate tax savings compared to a Sanitary Improvement District. Detailed vision documents and architectural guidelines ensure development continuity within the Avenue One community. The land is priced at $6.75 per square foot, or approximately $294,030 per acre. This is a rare chance to acquire a significant parcel in a thriving, well-planned community with substantial potential for high-density residential construction. The land value ranges from $6 to $8.75 per square foot.

    Property profile
    Verified
    Property type Land
    Total area 794,099 SF
    Lot 9 ac (392,040 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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