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Property profile & analytics
OFF-MARKET
Estimated value
$6,375,000
Apartment buildings
1113 Howard St Omaha, NE 68102-2816
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US57-0193456
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,272 SF
Lot
0.27 ac (11,550 SF)
APN
315250007
UPID
US57-0193456
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
-
The Residences at Old MarketPlace Apartments Apartment Complex Apartment Building
-
Imaginarium Old Market Mercantile Discount Store
-
Amazing Imaginarium (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Raymond & Sons Electricians Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.48M
Comparable Approach
Comparable
$7.52M
Blend (final)
Blend
$6.38M
Owner & transaction history
Mcshane Landlord LLC · 16 yrs held
Mcshane Landlord LLC
since 2009
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.8M
+71.2%
Retail stores
$8.2M
+43.2%
Medical building
$7.9M
+38.4%
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%
$7,020,000
6.5%
$6,480,000
7%
$6,020,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,705,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,765,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$8,170,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$7,895,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,755,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,325,000
Change: +28% · Conversion: Moderate
OFFICE BUILDING
$6,580,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$6.38M
Range $5.74M – $7.01M · ±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
$122 / 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
$159,450
Tax year 2023
Assessed value
$7,557,600
Assessed 2023
Previous assessed
$7,557,600
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$231,000
Assessed improvement
$7,326,600
Land market value
$231,000
Improvement market value
$7,326,600
Total market value
$7,557,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
6
Units
22
Rooms
22
Total area
52,272 SF
Lot
0.27 ac (11,550 SF)
APN
315250007
UPID
US57-0193456
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.8M
RETAIL STORES
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.3M
OFFICE BUILDING
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
6
Units
22
Rooms
22
Lot
0.27 ac
Current owner
From public records · entity-resolved
Mcshane Landlord LLC
Entity
Mailing address
11317 CHICAGO CIR, OMAHA, NE 68154-2633
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2009
$3,400,000
Mcshane Landlord LLC
Ts Mcshane
Warranty Deed
$6,258,065 · Brownfield Revitalization X Ll
Jul 17, 2009
—
Ts Mcshane
—
Trustees Deed
related
$8,175,000 · Us Bank NA
Dec 27, 2005
—
Ts Mcshane
—
Trustees Deed
related
$6,175,000 · Us Bank NA
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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