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    1501 Howard St Omaha, NE 68102

    • Retail space
    • 26,136 SF
    • 0.20 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    $1,790,000
    Last Sale
    Jan 14, 2021
    $1,600,000
    Location Intelligence
    Property ID
    US57-1111717
    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

    • Men's Healing Clinic / Medical Clinic
    • Cool Cole Theater / Childrens Theater

    Property Details for 1501 Howard St

    Year built
    1892
    Lot size
    0.20 lot acres
    Property size
    26,136 SF
    Property type
    Retail space
    APN
    315670000
    APU
    315670000

    Description

    This exceptional commercial property, located at 1501 Howard Street in Omaha, Nebraska, presents a unique opportunity for retail or restaurant businesses. The three-story, Class B building, constructed in 1892, offers a total of 26,136 square feet, encompassing two suites. Suite 1 comprises 3,117 square feet, while Suite 2 offers 2,838 square feet. Currently, 5,955 square feet are vacant and available for lease. The minimum divisible space is 2,838 square feet, with a maximum contiguous space of 3,117 square feet. The property sits on a 0.2-acre lot and includes 16 parking spaces. Located in Douglas County, Nebraska, with a zip code of 68102, this property benefits from its established location and high visibility. The asking rent is $16.00 per square foot. Suite 1's monthly rent is $4,156.00, with an additional $6,462.58 in monthly charges. Suite 2's monthly rent is $3,784.00, with an additional $5,884.12 in monthly charges. This historic building offers a blend of character and modern functionality, making it an ideal location for a variety of businesses. Don't miss this chance to secure a prominent space in Omaha's vibrant commercial district.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,860,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,645,000
      6.5%
      $1,660,000
      7%
      $1,405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,595,000
      Geo Method
      $1,610,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,495,000
      Retail
      $1,535,000
      Mixed-Use
      $1,725,000
      Hospitality
      $1,690,000
      Educational
      $1,555,000
      Residential Income
      $1,510,000
      Energy
      $1,520,000
      Income-Based Land
      $1,530,000
      Food Service
      $1,450,000

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9362
    Latitude
    41.2552
    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
    $16,020
    $278,800
    $480,500
    $759,300
    -
    $278,800
    $480,500
    $759,300

    Comparable in this City

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      1212 Howard St, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 1,977 SF
      1212 Howard St, Omaha, NE 68102-2819
      View Details
    • Value Estimation by Request
      3,809 SF

      1401 Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 3,809 SF
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      5,082 SF

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      RETAIL STORES (PERSONAL SERVICES) • 5,082 SF
      413 13th St, Omaha, NE 68102-2811
      View Details
    • Value Estimation by Request
      2,904 SF

      1506 Cass St

      RETAIL STORES (PERSONAL SERVICES) • 2,904 SF
      1506 Cass St, Omaha, NE 68102-1010
      View Details

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    1501 Howard St
    Omaha, NE 68102
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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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