Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,290,000
Grocery and convenience stores
1221 203rd St Omaha, NE 68130-2808
Entity Owned
4-yr Hold
Free & Clear
Property ID
US57-1002419
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2010
Total area
60,008 SF
Lot
7.18 ac (312,761 SF)
APN
1934921150
UPID
US57-1002419
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
-
Cobalt Credit Union Credit Union
-
Starbucks Cafe & Coffee Shop
-
Family Fare Pharmacy Pharmacy
-
Fresh Cut Selections Food Market Specialty Food Shop
-
Family Fare Supermarket Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.06M
Blend (final)
Blend
$7.29M
Owner & transaction history
Ns Retail Holdings LLC · 4 yrs held
Ns Retail Holdings LLC
since 2022
Last sale
$7.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.2M
+19.6%
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
$7,200,000
ML approach
$7,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,375,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,210,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$9,060,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,905,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$8,755,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,405,000
Change: -10% · Conversion: Easy
WAREHOUSE, STORAGE
$8,185,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$7.29M
Range $6.56M – $8.02M · ±10% · vs last sale $7.38M (Jan 28 2022)
Last sale anchor
$7.38M
Jan 28 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
$121 / 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
$89,103
Tax year 2023
Assessed value
$4,238,000
Assessed 2023
Previous assessed
$4,238,000
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,009,800
Assessed improvement
$3,228,200
Land market value
$1,009,800
Improvement market value
$3,228,200
Total market value
$4,238,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2010
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Total area
60,008 SF
Lot
7.18 ac (312,761 SF)
APN
1934921150
UPID
US57-1002419
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
RETAIL STORES Current
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.2M
MEDICAL BUILDING
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$8.9M
OFFICE BUILDING
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$8.4M
WAREHOUSE, STORAGE
Est. value
$8.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2010
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Lot
7.18 ac
Current owner
From public records · entity-resolved
Ns Retail Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2021 MCKINNEY AVE STE #1150, DALLAS, TX 75201-7632
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
$7,380,000
Ns Retail Holdings LLC
Pacific Grocery LLC
Special Warranty Deed
—
Jan 18, 2022
—
Nf Foods LLC
Pacific Grocery LLC
Lease
—
Dec 20, 2016
—
Pacific Grocery LLC
204 Pacific LLC
Quit Claim Deed
—
Jun 22, 2011
—
Nf Foods LLC
—
Grant Deed
related
$11,746,526 · Richard Juro
—
—
Pacific Grocery LLC
—
Loan Modification
related
$4,600,000 · Union Bk&tr Co/lincoln Br
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1221 203rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
