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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Apartment buildings
1116 31st St Omaha, NE 68105-2050
Individually Owned
3-yr Hold
Property ID
US57-1163862
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
FRAME
Total area
3,596 SF
Lot
0.17 ac (7,500 SF)
APN
1235990000
UPID
US57-1163862
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
$525k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$540k
Owner & transaction history
Shumet Abede · 3 yrs held
Shumet Abede
since 2022
Last sale
$585,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$670,000
+71.2%
Retail stores
$560,000
+43.2%
Medical building
$545,000
+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
$570,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$390,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$560,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$545,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$535,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$525,000
Change: +34% · Conversion: Moderate
COMMERCIAL (GENERAL)
$380,000
Change: -3% · Conversion: Moderate
WAREHOUSE, STORAGE
$355,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $585k (Aug 31 2022)
Last sale anchor
$585k
Aug 31 2022
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
$150 / 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
$11,112
Tax year 2023
Assessed value
$526,700
Assessed 2023
Previous assessed
$526,700
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$15,000
Assessed improvement
$511,700
Land market value
$15,000
Improvement market value
$511,700
Total market value
$526,700
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
6
Rooms
6
Total area
3,596 SF
Lot
0.17 ac (7,500 SF)
APN
1235990000
UPID
US57-1163862
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
$390,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$670,000
RETAIL STORES
Est. value
$560,000
MEDICAL BUILDING
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$535,000
OFFICE BUILDING
Est. value
$525,000
COMMERCIAL (GENERAL)
Est. value
$380,000
WAREHOUSE, STORAGE
Est. value
$355,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1968
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
6
Rooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Shumet Abede
Individual
Mailing address
9932 S 100TH ST, LA VISTA, NE 68128-3070
Ownership since
2022
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
Aug 31, 2022
$585,000
Shumet Abede
Suh Real Estate LLC
Warranty Deed
$600,000 · Charter West Bank
Jun 13, 2022
—
Jetz Service Co INC
Suh Real Estate LLC
Lease
—
May 19, 2016
$245,000
Suh Real Estate LLC
Bae,kay
Warranty Deed
$183,750 · Bank Of Ne
Jul 2, 2012
$210,000
Menco Corp
G & T Properties LLC
Warranty Deed
$168,927 · Bank Of Nebraska
Jun 8, 2004
—
G & T Properties LLC
Timmons,ernest & Katherine
Warranty Deed
related
—
Apr 15, 2004
$175,000
Ernest Timmons
Hanscom Place
Warranty Deed
$140,000 · Lincoln Fsb Of Nebraska
—
—
Bae,kay
—
Deed Of Trust
related
$40,000 · Bank Of Ne
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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