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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Strip malls
12180 L St Omaha, NE 68137-2255
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US57-0110465
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
5,063 SF
Lot
0.7 ac (30,313 SF)
APN
1600110662
UPID
US57-0110465
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Teriyaki Madness Take-out & Catering Catering Service
-
Verizon Business Services Business To Business Service
-
Eva's Esthetica Day Spa Alternative Medicine Practice Spa & Massage Center
-
Paris Family Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
88 Partners LLC · 4 yrs held
88 Partners LLC
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+75.7%
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
$2,320,000
ML approach
$2,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,660,000
Change: +76% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10% · vs last sale $2.38M (Mar 18 2022)
Last sale anchor
$2.38M
Mar 18 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
$467 / 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
$27,058
Tax year 2023
Assessed value
$1,359,100
Assessed 2023
Previous assessed
$1,359,100
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$526,500
Assessed improvement
$832,600
Land market value
$526,500
Improvement market value
$832,600
Total market value
$1,359,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
5,063 SF
Lot
0.7 ac (30,313 SF)
APN
1600110662
UPID
US57-0110465
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
RESTAURANT
Est. value
$1.7M
RESTAURANT
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
2008
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
88 Partners LLC
Entity
Mailing address
20468 A ST, ELKHORN, NE 68022-2997
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
$2,380,000
88 Partners LLC
Regor LLC
Warranty Deed
$1,904,000 · Exchange Bank
Feb 1, 2018
$2,050,000
Regor LLC
T L Street Marketplace Padas Ne LLC
Special Warranty Deed
$1,600,000 · Cornhusker Bank
Jul 25, 2016
$18,626,000
T L Street Marketplace Pads Ne
Omaha Marketplace Holdings LLC
Trustees Deed
$18,625,019 · Citibank
Mar 6, 2015
—
Omaha Marketplace Holdings LLC
—
Grant Deed
related
$25,300,000 · Bank Of America
Mar 11, 2011
—
Omaha Marketplace Holdings LLC
—
Deed Of Trust
related
$20,250,000 · Ing USA Annunity & Life Ins Co
Oct 20, 2010
$31,670,000
Omaha Marketplace Holdings LLC
First Natl Bk Of Omaha
Trustees Deed
related
—
Oct 22, 2007
$8,626,000
L-street Marketplace LLC
120 LLC
Grant Deed
$49,312 · First National Bank Omaha
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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