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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Strip malls
13760 Millard Ave Omaha, NE 68137-2700
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0260703
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Total area
11,232 SF
Lot
1.73 ac (75,359 SF)
APN
725515102
UPID
US57-0260703
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
-
Sgt. Peffer's Cafe Italian Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.55M
Owner & transaction history
Luigis Of Bellevue LLC · 1 yrs held
Luigis Of Bellevue LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,100,000
Current use
RETAIL STORES
$1,755,000
Change: -16% · Conversion: Easy
MEDICAL BUILDING
$1,695,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Aug 30 2024)
Last sale anchor
$1.55M
Aug 30 2024
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
$138 / 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
$1,027,900
Assessed 2023
Previous assessed
$1,027,900
+0.0% YoY
Assessed land
$476,600
Assessed improvement
$551,300
Land market value
$476,600
Improvement market value
$551,300
Total market value
$1,027,900
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
1990
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
9
Total area
11,232 SF
Lot
1.73 ac (75,359 SF)
APN
725515102
UPID
US57-0260703
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
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
1990
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
9
Lot
1.73 ac
Current owner
From public records · entity-resolved
Luigis Of Bellevue LLC
Entity
Mailing address
11550 I ST STE #200, OMAHA, NE 68137-1263
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$1,550,000
Luigis Of Bellevue LLC
Cannon LLC
Special Warranty Deed
$1,085,000 · Centris FCU
Apr 14, 2022
—
Cannon LLC
—
Deed
related
$900,000 · Premier Bank
Sep 7, 2017
—
Cannon LLC
—
Deed
related
$700,000 · Bank Of The West
Sep 12, 2007
—
Charles D LLC
Nichelson Gary L Trust
Warranty Deed
related
—
Sep 20, 2004
—
Cannon LLC
—
Trustees Deed
related
$850,000 · Commercial Federal Bank
Sep 13, 2004
$1,900,000
Cannon LLC
Brookside Associates LLC
Warranty Deed
—
—
—
Cannon LLC
—
Deed Of Trust
related
$673,570 · Bank Of The West
—
—
Cannon LLC
—
Deed Of Trust
related
$700,000 · Bank Of The West
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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