Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1123 Howard St Omaha, NE 68102-2816
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1123 Howard St Omaha, NE 68102-2816

    View on Map
    • Commercial real estate
    • 27,080 SF
    • 0.13 lot acres
    Off-Market
    Property ID
    US57-1042175
    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
    $7,030,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Scooter's Coffee / Cafe & Coffee Shop

    Property Details for 1123 Howard St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.13 lot acres
    Property size
    27,080 SF
    Property type
    Commercial real estate
    APN
    315240003
    APU
    315240003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,605,000
      6.5%
      $5,175,000
      7%
      $4,805,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,177,000
      Market price range: $1.97M - $6.26M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $8,890,000
      NEIGHBORHOOD: SHOPPING CENTER
      $5,060,000
      RETAIL STORES
      $4,230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9316
    Latitude
    41.2552
    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
    2022
    $0.00
    $117,500
    $3,774,300
    $3,891,800
    -
    $117,500
    $3,774,300
    $3,891,800

    Comparable in this City

    • Value Estimation
      $6,910,000
      39,526 SF

      1722 Saint Marys Ave

      COMMERCIAL (GENERAL) • 39,526 SF
      1722 Saint Marys Ave, Omaha, NE 68102-2517
      View Details
    • Value Estimation by Request
      530 SF

      1012 Douglas St, Unit 503

      COMMERCIAL (GENERAL) • 530 SF
      1012 Douglas St, Omaha, NE 68102-1863
      View Details
    • Value Estimation
      $13,320,000
      74,443 SF

      1015 14th St

      COMMERCIAL (GENERAL) • 74,443 SF
      1015 14th St, Omaha, NE 68102-4231
      View Details
    • Value Estimation
      $10,045,000
      42,280 SF

      621 15th St

      COMMERCIAL (GENERAL) • 42,280 SF
      621 15th St, Omaha, NE 68102-3186
      View Details
    • Value Estimation by Request
      530 SF

      1012 Douglas St, Unit 303

      COMMERCIAL (GENERAL) • 530 SF
      1012 Douglas St, Omaha, NE 68102-1861
      View Details
    • Value Estimation by Request
      778 SF

      1012 Douglas St, Unit 304

      COMMERCIAL (GENERAL) • 778 SF
      1012 Douglas St, Omaha, NE 68102-1861
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,144 SF

      Iconic Building in Old Market

      Office building with redevelopment potential in Omaha's Old Market.
      406 S 12Th St, Omaha, NE 68102
      View Details
    • $1,685,000
      6,776 SF

      Prime Old Market Retail Space

      Retail space in a prominent downtown Omaha location.
      501 S 13Th St, Omaha, NE 68102
      View Details
    • $340,370

      Industrial Land For Sale

      Two parcels of heavy industrial land available for sale.
      23 23Rd St, Omaha, NE 68102
      View Details
    • Contact for pricing
      10,741 SF

      Downtown Omaha Flexible Mixed-Use Property

      Mixed-use property near Old Market and future streetcar corridor.
      1407 Jackson St, Omaha, NE 68102
      View Details
    • Contact for pricing
      101,292 SF

      Clean Warehouse Facility For Sale

      Clean warehouse facility with garden level and dock.
      109 N 9Th St, Omaha, NE 68102
      View Details
    • Contact for pricing
      39,365 SF

      Omaha Office Building For Sale

      Office building with 36,740 square feet of space.
      1818 Leavenworth St, Omaha, NE 68102
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Creative Studio Space Available

      Studio space for artists to work independently or collaborate.
      1141 N 11Th St, Omaha, NE 68102
      View Details
    • Contact for pricing

      Howard Street Retail/Office Space

      Retail and office suites available for lease on Howard Street.
      1501 Howard St, Omaha, NE 68102
      View Details
    • Contact for pricing

      Downtown Omaha Landmark Office Space

      Office space available in a landmark downtown Omaha building.
      1700 Farnam St, Omaha, NE 68102
      View Details
    • Contact for pricing

      Historic Redfield Building For Lease

      47,872 SF building undergoing $15 million rehabilitation in Flatiron District.
      1901 Howard St, Omaha, NE 68102
      View Details
    • $8 SF/Yr
      400 SF

      Historic Brandeis Building Retail/Office Space

      Retail, office, and restaurant spaces in historic downtown building.
      210 S 16Th St, Omaha, NE 68102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1123 Howard St
    Omaha, NE 68102-2816
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!