Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1007 Farnam St Omaha, NE 68102-1820

    • Investment properties
    • 5,644 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $1,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1123901
    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

    • Financial Wize Mortgage Lenders Omaha NE / Health Consultant / Nursing Home
    • Urbane Salon & Day Spa / Massage Therapist / Nail Salon

    Property Details for 1007 Farnam St

    Year built
    1900
    Lot size
    0.07 lot acres
    Property size
    5,644 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    312850003
    APU
    312850003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,855,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,055,000
      RETAIL STORES
      $880,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9297
    Latitude
    41.2573
    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
      $690,000
      2,708 SF

      607 16th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,708 SF
      607 16th St, Omaha, NE 68102-4711
      View Details
    • Value Estimation
      $710,000
      6,534 SF

      511 11th St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,534 SF
      511 11th St, Omaha, NE 68102-2807
      View Details
    • Value Estimation
      $1,145,000
      5,644 SF

      Omaha, NE 68102

      OFFICE/RESIDENTIAL (MIXED USE) • 5,644 SF
      Omaha, NE 68102
      View Details
    • Value Estimation
      $5,050,000
      19,485 SF

      725 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 19,485 SF
      725 14th St, Omaha, NE 68102-4702
      View Details
    • Value Estimation
      $590,000
      5,157 SF

      112 11th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,157 SF
      112 11th St, Omaha, NE 68102-1135
      View Details
    • Value Estimation
      $1,620,000
      6,339 SF

      1725 Leavenworth St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,339 SF
      1725 Leavenworth St, Omaha, NE 68102-3158
      View Details

    Similar Nearby for Sale

    • $4,495,000
      26,144 SF

      Omaha's National Building

      Historic Office & Retail Investment
      406 12Th St, Omaha, NE 68102
      View Details
    • $4,495,000
      26,144 SF

      Iconic Building in Old Market

      Office building with redevelopment potential in Omaha's Old Market.
      406 S 12Th St, Omaha, NE 68102
      View Details
    • $1,685,000
      6,776 SF

      Prime Old Market Retail Space

      Retail space in a prominent downtown Omaha location.
      501 S 13Th St, Omaha, NE 68102
      View Details
    • $340,370

      Industrial Land For Sale

      Two parcels of heavy industrial land available for sale.
      23 23Rd St, Omaha, NE 68102
      View Details
    • $595,000
      2,170 SF

      SoMa Home with Skyline Views

      Meticulously maintained home in SoMa with stunning skyline views.
      1135 Leavenworth St, Omaha, NE 68102
      View Details
    • Contact for pricing
      101,292 SF

      Omaha Self Storage Facility Investment

      Prime Downtown Omaha Warehouse, High Ceilings
      109 9Th St, Omaha, NE 68102
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      112,748 SF

      1905 Harney St

      Office Properties & Spaces • 112,748 SF
      1905 Harney St, Omaha, NE 68102
      View Details
    • $25 SF/Yr
      473,977 SF

      Omaha Creative Office Space

      Modern, Class A Office Suites Available
      802 Harney St, Omaha, NE 68102
      View Details
    • Contact for pricing
      275,000 SF

      Omaha Office Space: T3 at The Mercantile

      Premium Omaha Office Suites, 75,000-275,000 SF
      8th & Farnam St Omaha, Omaha, NE 68102
      View Details
    • $15 SF/Yr
      36,179 SF

      Omaha Retail & Event Space Gem

      Historic building, prime location, 7,973 SF available.
      112 20Th St, Omaha, NE 68102
      View Details
    • $23 SF/Yr
      83,470 SF

      Downtown Omaha Office Space

      Historic building, flexible suites available
      2027 Dodge St, Omaha, NE 68102
      View Details
    • $18 SF/Yr
      51,618 SF

      Omaha's Historic Office Building

      Art Deco Landmark, Office & Retail Space
      1904 Farnam St, Omaha, NE 68102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1007 Farnam St
    Omaha, NE 68102-1820
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.