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    Property profile & analytics

    3031 87Th St Omaha, NE 68124

    • Office buildings
    • 2,951 SF
    • 0.27 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimation
    $290,000
    Last Sale
    Oct 11, 2022
    $310,000
    Location Intelligence
    Property ID
    US57-1172833
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Omaha Therapy and Arts Collaborative / Psychiatrist
    • Jea Theis, LMHP / Counselor
    • Betsy Funk Therapy / Mental Health Service / Social Worker
    • Amanda Ike / Social Worker
    • Mackenzie Burt / Social Worker

    Property Details for 3031 87Th St

    Year built
    1958
    Lot size
    0.27 lot acres
    Property size
    2,951 SF
    Property type
    Office buildings
    APN
    2036510000
    APU
    2036510000

    Description

    This single-story, 3,000 square foot Class C office building, situated on 11.95 acres at 3031 S 87th St, Omaha, NE 68124 (cross streets: 87th & Frederick), presents a unique opportunity. Built in 1958, the property offers a blend of traditional office space and coworking potential, categorized as a Traditional Office, Coworking, and Creative Office space. Currently, 1,000 square feet are vacant, ideal for a variety of uses. The available space features a reception area, three private offices, a conference room, and two private restrooms. A significant advantage is the inclusion of 960 square feet of basement storage, providing ample room for files, equipment, or inventory. The property boasts a private entrance for enhanced security and privacy. With seven total parking spaces and electric power, this building is conveniently located in the Rainbow Replat submarket of Douglas County. The single suite layout offers flexibility and control. This property is perfect for a small business seeking a well-maintained space with ample storage and convenient parking.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $250,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $220,000
      Mixed-Use
      $205,000
      Hospitality
      $250,000
      Educational
      $215,000
      Residential Income
      $235,000
      Energy
      $265,000
      Income-Based Land
      $265,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0485
    Latitude
    41.2309
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,583
    $86,000
    $285,800
    $371,800
    -
    $86,000
    $285,800
    $371,800

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      2805 87th St

      OFFICE BUILDING • 1,484 SF
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    • Value Estimation by Request
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      Omaha Office Building: 3031 S 87th St

      Prime Omaha Office Space: 1,000 sq ft available
      3031 87Th St, Omaha, NE 68124
      View Details
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    Omaha, NE 68124
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    Realmo Value Estimation

    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.

    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.

    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
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