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    Property profile & analytics

    1221 Omaha Ave Norfolk, NE 68701-5770

    • Retail space
    • 4,664 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    $490,000
    Last Sale
    Feb 25, 2020
    Location Intelligence
    Property ID
    US57-0561200
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 1221 Omaha Ave

    Year built
    1974
    Lot size
    0.99 lot acres
    Property size
    4,664 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    590042211
    APU
    590042211

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Madison
    State
    Nebraska
    Longitude
    -97.4237
    Latitude
    42.0176
    CBSA code
    35740
    CBSA name
    NORFOLK, NE MICROPOLITAN 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
    2023
    $8,162
    $208,726
    $232,777
    $441,503
    -
    $208,726
    $232,777
    $441,503

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      2,140 SF

      83505 Us Hwy 81

      RETAIL STORES (PERSONAL SERVICES) • 2,140 SF
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    • Value Estimation by Request
      2,688 SF

      210 Winter Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,688 SF
      210 Winter Ave, Norfolk, NE 68701-4143
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    • Value Estimation by Request
      2,064 SF

      417 Norfolk Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,064 SF
      417 Norfolk Ave, Norfolk, NE 68701-4162
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    • Value Estimation by Request
      13,500 SF

      1301 Norfolk Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,500 SF
      1301 Norfolk Ave, Norfolk, NE 68701-4833
      View Details
    • Value Estimation by Request
      3,937 SF

      713 Norfolk Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,937 SF
      713 Norfolk Ave, Norfolk, NE 68701-5142
      View Details

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    Similar Nearby for Lease

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    • $20 SF/Yr
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      Norfolk Industrial Property: Huge Potential

      Massive retail space, ideal for diverse uses.
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    1221 Omaha Ave
    Norfolk, NE 68701-5770
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    Realmo Value Estimation

    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.

    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.

    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
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