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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
Outlet malls
11212 Chicago Cir Omaha, NE 68154-2623
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US57-1106292
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1996
Total area
15,429 SF
Lot
1.25 ac (54,450 SF)
Zoning code
CCFP
APN
1919876100
UPID
US57-1106292
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
-
Nebraska Dance Lighthouse Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
$2.87M
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$2.50M
Owner & transaction history
Sundance Properties LLC · 3 yrs held
Sundance Properties LLC
since 2022
Last sale
$2.5M
1 recorded transaction
Zoning & alternative use
CCFP · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.9M
+19.6%
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
$2,440,000
ML approach
$2,545,000
CAP Approach
CAP Return
Estimation
6%
$3,110,000
6.5%
$2,870,000
7%
$2,665,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,410,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,885,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$2,330,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,290,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$2,245,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,160,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.50M
Range $2.25M – $2.74M · ±10% · vs last sale $2.50M (Aug 22 2022)
Last sale anchor
$2.50M
Aug 22 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
$162 / 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
$30,813
Tax year 2023
Assessed value
$1,460,500
Assessed 2023
Previous assessed
$1,460,500
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$494,000
Assessed improvement
$966,500
Land market value
$494,000
Improvement market value
$966,500
Total market value
$1,460,500
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1996
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
15,429 SF
Lot
1.25 ac (54,450 SF)
Zoning code
CCFP
APN
1919876100
UPID
US57-1106292
Jurisdiction
DOUGLAS
Zoning & alternative use
CCFP · Omaha, NEZoning CCFP · permitted uses
CCFP · Omaha, NE
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
RETAIL STORES Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1996
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Sundance Properties LLC
Entity
Mailing address
17027 SEWARD ST, OMAHA, NE 68118-2815
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
$2,500,000
Sundance Properties LLC
Alford Parables LLC
Warranty Deed
$2,997,000 · Union Bank & Trust Co
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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