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    1218 Izard St Omaha, NE 68102

    • Warehouses
    • 25,740 SF
    • 1.19 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimation
    $1,760,000
    Last Sale
    Dec 22, 2022
    $1,790,000
    Location Intelligence
    Property ID
    US57-0039291
    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

    • Warehouses

    Property Details for 1218 Izard St

    Year built
    1886
    Lot size
    1.19 lot acres
    Property size
    25,740 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1748166129
    APU
    1748166129

    Description

    Dizzy Mule, located at 1218 Izard St in Omaha, Nebraska's vibrant Downtown Omaha submarket (zip code 68102), offers a unique opportunity to lease flexible office space within the Millwork Commons neighborhood. This 136,700 square foot building currently has 17,970 square feet of vacant space available, divisible into units ranging from a minimum of 500 square feet to a maximum contiguous space of 6,480 square feet. The property is categorized as Retail, Office, and is suitable for Traditional Office, Creative Office, and Coworking uses. Multiple tenancies are available, catering to businesses of various sizes. The building is situated near ample park and green space, fostering a collaborative and inspiring work environment. The Millwork Commons neighborhood boasts a thriving community of over 60 businesses, known for its entrepreneurial spirit and creative energy. This location provides easy access to the city's amenities and resources, making it an ideal choice for businesses seeking a dynamic and convenient workspace. The available spaces are perfect for companies seeking a blend of modern aesthetics and a supportive community atmosphere.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,745,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,750,000
      6.5%
      $1,675,000
      7%
      $1,915,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,750,000
      Geo Method
      $1,830,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,545,000
      Retail
      $1,790,000
      Mixed-Use
      $2,090,000
      Hospitality
      $1,610,000
      Educational
      $1,685,000
      Residential Income
      $1,900,000
      Energy
      $1,995,000
      Income-Based Land
      $1,855,000
      Food Service
      $1,980,000

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9325
    Latitude
    41.2694
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,960 SF

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      MINI-WAREHOUSE, STORAGE • 3,960 SF
      1220 Jones St, Omaha, NE 68102-3209
      View Details
    • Value Estimation by Request
      34,388 SF

      1006 20th St

      MINI-WAREHOUSE, STORAGE • 34,388 SF
      1006 20th St, Omaha, NE 68102-4314
      View Details
    • Value Estimation by Request
      33,120 SF

      1006 18th St

      MINI-WAREHOUSE, STORAGE • 33,120 SF
      1006 18th St, Omaha, NE 68102-4408
      View Details
    • Value Estimation
      $555,000
      20,076 SF

      1011 18th St

      MINI-WAREHOUSE, STORAGE • 20,076 SF
      1011 18th St, Omaha, NE 68102-4408
      View Details
    • Value Estimation
      $2,465,000
      22,020 SF

      2029 Harney St

      MINI-WAREHOUSE, STORAGE • 22,020 SF
      2029 Harney St, Omaha, NE 68102-2303
      View Details
    • Value Estimation by Request
      24,236 SF

      2010 Leavenworth St

      MINI-WAREHOUSE, STORAGE • 24,236 SF
      2010 Leavenworth St, Omaha, NE 68102-3164
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

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      Downtown Omaha Office Space

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    1218 Izard 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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