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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13525 Millard Ave Omaha, NE 68137-1636

    • Grocery and convenience stores
    • 1,104 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Feb 06, 2023
    $315,000
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    4.9%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US57-1090591
    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

    • Campbell Garage Door Repair Co / Garage Builder / Spring Supplier

    Property Details for 13525 Millard Ave

    Year built
    1972
    Lot size
    0.24 lot acres
    Property size
    1,104 SF
    Zone code
    CC
    Property type
    Grocery and convenience stores
    APN
    1747330000
    APU
    1747330000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $315,000
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $255,000
      6.5%
      $235,000
      7%
      $220,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $205,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1251
    Latitude
    41.2089
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN 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
    $2,602
    $99,800
    $30,900
    $130,700
    -
    $99,800
    $30,900
    $130,700

    Comparable in this City

    • Value Estimation by Request
      84,242 SF

      14591 Stoney Brk Blvd

      GROCERY, SUPERMARKET • 84,242 SF
      14591 Stoney Brk Blvd, Omaha, NE 68137-2609
      View Details
    • Value Estimation
      $325,000
      1,400 SF

      4111 132nd St

      CONVENIENCE STORE • 1,400 SF
      4111 132nd St, Omaha, NE 68137-1920
      View Details
    • Value Estimation
      $4,545,000
      65,413 SF

      5110 108th St

      GROCERY, SUPERMARKET • 65,413 SF
      5110 108th St, Omaha, NE 68137-2360
      View Details
    • Value Estimation
      $5,790,000
      83,940 SF

      5710 144th St

      GROCERY, SUPERMARKET • 83,940 SF
      5710 144th St, Omaha, NE 68137-2655
      View Details
    • Value Estimation
      $345,000
      3,538 SF

      13125 Q St

      CONVENIENCE STORE • 3,538 SF
      13125 Q St, Omaha, NE 68137-3113
      View Details
    • Value Estimation
      $265,000
      688 SF

      5054 135th St

      RETAIL STORES (PERSONAL SERVICES) • 688 SF
      5054 135th St, Omaha, NE 68137-1639
      View Details

    Similar Nearby for Sale

    • $5,235,427
      14,550 SF

      Omaha Walgreens Investment

      NNN Lease Walgreens; Omaha, NE
      13510 Q Street, Omaha, NE 68137
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    • $650,000
      1.97 Acres

      Deerfield Place Outlot

      Omaha Commercial Land: 1.97 Acres
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    • $660,000
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      Former Dairy Queen For Sale

      2,407 SF building, drive-thru, and outdoor seating available.
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    • $475,000

      Omaha Multi-Family Investment Opportunity

      Duplex in convenient location, ideal for investors or owner-occupants.
      10804 Borman Ave, Omaha, NE 68137
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    • $499,000

      Redevelopment Opportunity at 144th & Harrison

      Prime redevelopment site in Millard with high visibility.
      6804 South 143Rd Plz, Omaha, NE 68137
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    • $115,500
      0.27 Acres

      Residential Lot Backing Green Space

      Residential lot in Gretna School District, Omaha, NE.
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    Similar Nearby for Lease

    • $14 SF/Yr
      1,400 SF

      Retail Space Available For Lease

      Retail space available for lease, approximately 1,400 square feet.
      5056 S 108Th St, Omaha, NE 68137
      View Details
    • $13 SF/Yr
      14,400 SF

      Retail Space with Drive-In Doors

      Retail space with showroom and convenient interstate access.
      4203-4325 S 120Th St, Omaha, NE 68137
      View Details
    • $12 SF/Yr
      2,228 SF

      Downtown Millard Office/Retail Space

      Office or retail space in the heart of Millard.
      13825 "P" St, Omaha, NE 68137
      View Details
    • $15 SF/Yr
      3,560 SF

      Retail Space in Deerfield Place

      Retail spaces available in a busy Omaha shopping center.
      5218-5346 S 136Th St, Omaha, NE 68137
      View Details
    • $18 SF/Yr
      1,544 SF

      High-Visibility Retail/Office Space

      Prime retail/office space in high-traffic Millard location.
      5728 S 144Th St, Omaha, NE 68137
      View Details
    • Contact for pricing

      Retail or Warehouse Space Available

      12,000 SF bay in Millard, suitable for retail or warehouse.
      14303 U St, Omaha, NE 68137
      View Details
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    13525 Millard Ave
    Omaha, NE 68137-1636
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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