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Property profile & analytics
FOR LEASE
Office buildings
1010 N 102Nd St Omaha, NE 68114
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US57-0277252
For Lease
1 / 2
$18.95 SF/Yr
1010 N 102Nd St, Omaha, NE 68114
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Total area
106,086 SF
Lot
5.26 ac (229,126 SF)
APN
2523600058
UPID
US57-0277252
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Solutions Employment Agency
-
Aureus Medical Group Employment Agency
-
Moody's Analytics Corporate Office Business Park
-
Westroads Office Park Business Park
-
Edward Zbylut - Raymond James Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.28M
Blend (final)
Blend
$11.21M
Owner & transaction history
Westplex LP IV · 13 yrs held
Westplex LP IV
since 2012
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$16.6M
+40.5%
Medical building
$16.0M
+35.8%
Auto repair, garage
$15.7M
+33.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Omaha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Omaha submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,800,000
Current use
RETAIL STORES
$16,575,000
Change: +40% · Conversion: Moderate
MEDICAL BUILDING
$16,020,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,745,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,860,000
Change: +26% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,575,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$11.21M
Range $10.09M – $12.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$106 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$260,665
Tax year 2023
Assessed value
$12,355,000
Assessed 2023
Previous assessed
$12,355,000
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,332,900
Assessed improvement
$11,022,100
Land market value
$1,332,900
Improvement market value
$11,022,100
Total market value
$12,355,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2014
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
106,086 SF
Lot
5.26 ac (229,126 SF)
APN
2523600058
UPID
US57-0277252
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.8M
RETAIL STORES
Est. value
$16.6M
MEDICAL BUILDING
Est. value
$16.0M
AUTO REPAIR, GARAGE
Est. value
$15.7M
COMMERCIAL (GENERAL)
Est. value
$14.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.6M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
5.26 ac
Current owner
From public records · entity-resolved
Westplex LP IV
Entity
Free & Clear · 13 yrs held
Mailing address
15740 W CTR RD, OMAHA, NE 68130-1859
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
Westplex Limited Partnership IV
—
Deed
related
$10,900,000 · Enterprise Bank
Aug 28, 2012
—
Westplex LP IV
5104 LLC
Grant Deed
related
—
Aug 10, 2012
$520,000
Westplex LP IV
5104 LLC
Warranty Deed
—
Oct 7, 2004
$3,750,000
Anderson Properties Co
Olsen Dodge INC
Grant Deed
$3,000,000 · First Nat'l Bk/omaha
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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