13457 Mormon Plz, Omaha, NE 68142
This exceptional 31.9-acre commercial and residential land parcel is situated at the southwest corner of 132nd and State Street in Omaha, Nebraska (68142), within Douglas County. Zoned R6, this property presents a unique opportunity for various development projects. A 400-unit apartment community site plan is available, making it an attractive option for multifamily development. However, alternative uses such as church or civic buildings are also possible. The land is roughly graded and features existing utilities, simplifying the development process. While the seller prefers a single sale of the entire property, subdivision options are available. The asking price is $4,571,666. The price per square foot varies by lot, ranging from $2.49 to $5.25. The property's location offers convenient access to neighboring amenities, including A View on State, Alfonza David Middle School, and The Players Club at Deer Creek. A small portion of Lot 1 falls within a flood plain. The total gross square footage is approximately 1,389,564 square feet. This property offers significant potential for investors seeking a large-scale development project in a desirable Omaha location. Detailed lot sizes are as follows: Lot 1 (approximately 13.5 acres), Lot 2 (approximately 4.9 acres), Lot 3 (approximately 9.1 acres), and Lot 4 (approximately 4.4 acres).
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
Similar Nearby for Sale
Similar Nearby for Lease
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.