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Property profile & analytics
FOR LEASE
Office buildings
1212 North 96Th St Omaha, NE 68114
Entity Owned
Free & Clear
Property ID
US57-0114083
For Lease
1 / 23
$27 SF/Yr
1212 North 96Th St, Omaha, NE 68114
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
76,493 SF
Lot
12.59 ac (548,420 SF)
APN
129490014
UPID
US57-0114083
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
-
Central States of Omaha: Talbott Cory Insurance Agency
-
Central States Health & Life Co. of Omaha Insurance Agency
-
Central States Indemnity Co. of Omaha Insurance Agency
-
CommScope Corporate Office
-
CIA Central Authority
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.90M
Blend (final)
Blend
$9.16M
Owner & transaction history
CENTRAL STATES HEALTH & CO OF OMAHA
CENTRAL STATES HEALTH & CO OF OMAHA
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$14.3M
+68.0%
Retail stores
$12.0M
+40.5%
Medical building
$11.6M
+35.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,510,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$14,290,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$11,950,000
Change: +40% · Conversion: Moderate
MEDICAL BUILDING
$11,550,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,350,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,715,000
Change: +26% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,345,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$9.16M
Range $8.24M – $10.08M · ±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
$120 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$14,308,700
Assessed 2023
Previous assessed
$14,308,700
+0.0% YoY
Assessed land
$2,483,500
Assessed improvement
$11,825,200
Land market value
$2,483,500
Improvement market value
$11,825,200
Total market value
$14,308,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1976
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
6
Units
1
Total area
76,493 SF
Lot
12.59 ac (548,420 SF)
APN
129490014
UPID
US57-0114083
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
OFFICE BUILDING Current
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.3M
RETAIL STORES
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$10.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1976
Heating
PACKAGE
Cooling
Yes
Stories
6
Buildings
2
Units
1
Lot
12.59 ac
Current owner
From public records · entity-resolved
CENTRAL STATES HEALTH & CO OF OMAHA
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 34350, OMAHA, NE 68134-0350
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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