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Property profile & analytics
OFF-MARKET
Estimated value
$7,340,000
Motels
106 15th St Omaha, NE 68102-1606
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0528705
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1933
Total area
105,672 SF
Lot
0.33 ac (14,520 SF)
APN
310440003
UPID
US57-0528705
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
-
Residence Inn Omaha Downtown/Old Market Area Hotel & Motel
-
US Labor Department-Fed Contract Federal Government Office
-
US Labor Department Wage & Hour Division Federal Government Office
-
Founders 19 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.88M
Comparable Approach
Comparable
$6.85M
Blend (final)
Blend
$7.34M
Owner & transaction history
First Ofb LLC · 14 yrs held
First Ofb LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$8,535,000
6.5%
$7,875,000
7%
$7,315,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,260,000
Current use
Blend value · Realmo final
$7.34M
Range $6.61M – $8.07M · ±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
$69 / 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
$329,729
Tax year 2023
Assessed value
$15,628,500
Assessed 2023
Previous assessed
$15,628,500
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed improvement
$15,628,500
Improvement market value
$15,628,500
Total market value
$15,628,500
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1933
Heating
YES
Cooling
YES
Stories
13
Units
152
Rooms
152
Total area
105,672 SF
Lot
0.33 ac (14,520 SF)
APN
310440003
UPID
US57-0528705
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
HOTEL/MOTEL Current
Est. value
$11.3M
HOTEL/MOTEL Current
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
1933
Heating
YES
Cooling
Yes
Stories
13
Units
152
Rooms
152
Lot
0.33 ac
Current owner
From public records · entity-resolved
First Ofb LLC
Entity
Mailing address
10275 W HIGGINS RD STE #300, ROSEMONT, IL 60018-3885
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
—
First Ofb LLC
—
Deed
related
$15,000,000 · Old Second National Bank
Feb 15, 2019
—
First Ofb LLC
—
Deed
related
$15,500,000 · Ch Sdf Lender LLC
Dec 23, 2011
$2,375,000
First Ofb LLC
106 South 15th Street LLC
Quit Claim Deed
related
—
Oct 28, 2009
—
106 South 15th Street LLC
Administrator Of General Svcs
Quit Claim Deed
related
—
—
—
First Ofb LLC
—
Deed Of Trust
related
$15,500,000 · Ch Sdf Lender LLC
—
—
First Ofb LLC
—
Deed Of Trust
related
$13,000,000 · First Nat'l Bk/omaha
—
—
First Ofb LLC
—
Deed Of Trust
related
$2,400,000 · 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.
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