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    11229 W Dodge Rd Omaha, NE 68154
    Property profile & analytics

    11229 W Dodge Rd, Omaha, NE 68154

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    • Medical Office Space
    • 4,388 SF
    • 0.50 lot acres
    For Sale
    $2,150,000
    View Listing →
    Omaha Medical/Dental Office Property For Sale
    $2,150,000
    4,388 SF

    Omaha Medical/Dental Office Property

    Located off West Dodge Road, near national retailers and restaurants.

    11229 W Dodge Rd, Omaha, NE 68154
    View Listing
    Property ID
    US57-1189635
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Emergency Dental of Omaha / Dental Office
    • Emergency Dentist 24/7 / Dental Office
    • Sharon R Lintzman, DDS / Dental Office
    • Dr. Meshael Mairza, DDS / Dental Office
    • Newell Brian DDS / Dental Office

    Property Details for 11229 W Dodge Rd

    Year built
    1976
    Lot size
    0.50 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    537780026
    APU
    537780026

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $747,000
      Market price range: $531k - $972k
      AI Estimate
      $383,000
      Market price range: $154k - $536k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $665,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $820,000
      Change: +24% Conversion: Difficult
      RETAIL STORES
      $685,000
      Change: +3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $650,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $640,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $615,000
      Change: -7% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0895
    Latitude
    41.2626
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,663
    $259,700
    $482,700
    $742,400
    -
    $259,700
    $482,700
    $742,400

    Comparable in this City

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    • Value Estimation
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      14625 California St

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    • Value Estimation
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      8,392 SF

      14111 Pacific St

      DENTAL BUILDING
      14111 Pacific St, Omaha, NE 68154-2863
      View Details
    • Value Estimation
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      11,216 SF

      11425 Dodge Rd

      MEDICAL BUILDING
      11425 Dodge Rd, Omaha, NE 68154-2534
      View Details
    • Value Estimation
      $690,000
      6,169 SF

      1805 145th St

      MEDICAL BUILDING
      1805 145th St, Omaha, NE 68154-1179
      View Details
    • Value Estimation
      $18,765,000
      99,353 SF

      12809 Dodge Rd

      MEDICAL BUILDING
      12809 Dodge Rd, Omaha, NE 68154-2155
      View Details

    Similar Nearby for Sale

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      8,081 SF

      Omaha Medical Office Investment Opportunity

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      4,388 SF

      Omaha Medical/Dental Office Property

      Located off West Dodge Road, near national retailers and restaurants.
      11229 W Dodge Rd, Omaha, NE 68154
      View Details
    • Contact for pricing
      8,081 SF

      Omaha Medical Office Building For Sale

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      Spacious Office Complex with Atrium

      Large office building near Dodge Road with ample parking.
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    Similar Nearby for Lease

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      Dental Office Suite Available

      Dental office build-out with substantial perimeter glass in business park.
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      2,000 SF

      West Omaha Dental Office Space

      Turn-key 2,000 SF dental office for lease.
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      Linden Place

      Discover many ways to work your way in Linden Place
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      7,298 SF

      Turn-Key Office Space Available

      Turn-key office space with ample parking and upgraded safety features.
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    • $34 SF/Yr
      80,000 SF

      Omaha Office Space For Rent

      80,000 square foot office space available for lease.
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    • Contact for pricing
      1,044 SF

      Omaha Office Space Available

      Office space available for rent in Omaha, Nebraska.
      1065 N 115Th St, Omaha, NE 68154
      View Details
    View Listing
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    Omaha, NE 68154
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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