Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Warehouses
1109 47th Ave Omaha, NE 68132
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US57-0089461
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
5,000 SF
Lot
0.79 ac (34,408 SF)
Zoning code
GC
APN
2407640000
UPID
US57-0089461
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$575k
Owner & transaction history
Armor Storages LLC · 19 yrs held
Armor Storages LLC
since 2006
4 recorded transactions
Zoning & alternative use
GC · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended for a wide variety of commercial uses and limited industrial facilities. Uses allowed in the GC district may generate sufficient traffic or have operating characteristics which make them generally incompatible with residential areas or lower intensity commercial and office districts
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
537.79 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$935,000
+88.9%
Commercial (general)
$855,000
+73.3%
Retail stores
$780,000
+58.0%
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
$400,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$495,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Change: +89% · Conversion: Moderate
COMMERCIAL (GENERAL)
$855,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$780,000
Change: +58% · Conversion: Moderate
MEDICAL BUILDING
$755,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$740,000
Change: +50% · Conversion: Easy
OFFICE BUILDING
$730,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$115 / 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
$21,746
Tax year 2023
Assessed value
$1,030,700
Assessed 2023
Previous assessed
$1,030,700
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$137,600
Assessed improvement
$893,100
Land market value
$137,600
Improvement market value
$893,100
Total market value
$1,030,700
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
3
Stories
1
Units
20
Rooms
1
Total area
5,000 SF
Lot
0.79 ac (34,408 SF)
Zoning code
GC
APN
2407640000
UPID
US57-0089461
Jurisdiction
DOUGLAS
Zoning & alternative use
GC · Omaha, NEZoning GC · permitted uses
GC · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended for a wide variety of commercial uses and limited industrial facilities. Uses allowed in the GC district may generate sufficient traffic or have operating characteristics which make them generally incompatible with residential areas or lower intensity commercial and office districts
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
537.79 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$495,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$855,000
RETAIL STORES
Est. value
$780,000
MEDICAL BUILDING
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$740,000
OFFICE BUILDING
Est. value
$730,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2000
Heating
NONE
Stories
1
Buildings
3
Units
20
Rooms
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Armor Storages LLC
Entity
Mailing address
10404 ESSEX CT STE #101, OMAHA, NE 68114-3717
Ownership since
2006
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
Feb 9, 2017
—
Armor Storages LLC
—
Loan Modification
related
$17,940,995 · Wells Fargo Bk
Sep 30, 2016
—
Armor Storages LLC
—
Grant Deed
related
$21,000,459 · Wells Fargo Bk
Oct 30, 2006
—
Armor Storages LLC
Dana
Grant Deed
$5,800,000 · Bridger Commercial Funding LLC
Aug 11, 2006
—
Dana Ptshp
—
Deed Of Trust
related
$7,100,000 · Security National Bank 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1109 47th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
