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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Apartment buildings
1148 Park Ave Omaha, NE 68105-2231
Entity Owned
13-yr Hold
Free & Clear
Property ID
US57-1176793
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,870 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R7
APN
917730002
UPID
US57-1176793
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 Newport Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$850k
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$865k
Owner & transaction history
Harvest Dev II LLC · 13 yrs held
Harvest Dev II LLC
since 2013
7 recorded transactions
Zoning & alternative use
R7 · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+71.2%
Retail stores
$1.1M
+43.2%
Medical building
$1.0M
+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%
$925,000
6.5%
$850,000
7%
$790,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$750,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,285,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$1,075,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$1,040,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,020,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$1,000,000
Change: +34% · Conversion: Moderate
COMMERCIAL (GENERAL)
$725,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$126 / 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
$19,332
Tax year 2023
Assessed value
$916,300
Assessed 2023
Previous assessed
$916,300
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$15,000
Assessed improvement
$901,300
Land market value
$15,000
Improvement market value
$901,300
Total market value
$916,300
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
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
7
Rooms
7
Total area
6,870 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R7
APN
917730002
UPID
US57-1176793
Jurisdiction
DOUGLAS
Zoning & alternative use
R7 · Omaha, NE
Zoning R7 · permitted uses
R7 · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Omaha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$725,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
7
Rooms
7
Lot
0.23 ac
Current owner
From public records · entity-resolved
Harvest Dev II LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1127 PARK AVE, OMAHA, NE 68105-2254
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2013
$275,000
Harvest Dev II LLC
Gomez,shawn T & Malia D
Warranty Deed
—
May 13, 2011
$175,000
Shawn T Gomez
H & S Ptshp LLP
Warranty Deed
$157,500 · Guardian Property Svcs LLC
Jun 10, 2010
$100,000
H & S Partnership LLP
Provision II LLC
Trustees Deed
related
$2,700,000 · Pinnacle Bank
Sep 24, 2007
$230,000
Provision II LLC
Provision LLC
Warranty Deed
related
—
Sep 24, 2004
$213,000
Provision LLC
Petersen,darin & Meeghan
Quit Claim Deed
related
—
Feb 25, 2004
$195,000
Darin Petersen
Penke,thomas H
Grant Deed
$200,118 · American National Bank & Trust
—
—
Proviaion II LLC
—
Deed Of Trust
related
$320,483 · American National Bank & Trust
—
—
Provision LLC
—
Deed Of Trust
related
$41,974 · American National Bank & Trust
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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