Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13780 Millard Ave Omaha, NE 68137-2700

    • Outlet malls
    • 64,256 SF
    • 7.74 lot acres
    OFF-MARKET
    Last Sale
    Jul 16, 2020
    $4,591,000
    Value Estimations
    $5,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0024471
    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

    • Hobby Lobby / Scrapbooking Store / Craft Store
    • Wild Willy's Fireworks Tent - Hobby Lobby / Fireworks Store

    Property Details for 13780 Millard Ave

    Year built
    1990
    Lot size
    7.74 lot acres
    Property size
    64,256 SF
    Property type
    Outlet malls
    APN
    725515106
    APU
    725515106

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,285,000
      ML approach
      $5,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,018,000
      Market price range: $4.54M - $15.8M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,225,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1299
    Latitude
    41.2079
    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
    $100,039
    $3,201,100
    $1,823,800
    $5,024,900
    -
    $3,201,100
    $1,823,800
    $5,024,900

    Comparable in this City

    • Value Estimation
      $605,000
      71,308 SF

      5222 136th St

      WHOLESALE OUTLET, DISCOUNT STORE • 71,308 SF
      5222 136th St, Omaha, NE 68137-3037
      View Details
    • Value Estimation
      $960,000
      104,444 SF

      12710 L St

      WHOLESALE OUTLET, DISCOUNT STORE • 104,444 SF
      12710 L St, Omaha, NE 68137-2077
      View Details
    • Value Estimation
      $350,000
      10,465 SF

      12404 K Plz

      WHOLESALE OUTLET, DISCOUNT STORE • 10,465 SF
      12404 K Plz, Omaha, NE 68137-2249
      View Details
    • Value Estimation by Request
      21,428 SF

      14215 Hillsdale Cir

      WHOLESALE OUTLET, DISCOUNT STORE • 21,428 SF
      14215 Hillsdale Cir, Omaha, NE 68137-5557
      View Details
    • Value Estimation
      $1,025,000
      177,527 SF

      12500 K Plz

      WHOLESALE OUTLET, DISCOUNT STORE • 177,527 SF
      12500 K Plz, Omaha, NE 68137-2207
      View Details
    • Value Estimation
      $380,000
      15,742 SF

      12200 K Plz

      WHOLESALE OUTLET, DISCOUNT STORE • 15,742 SF
      12200 K Plz, Omaha, NE 68137-2250
      View Details

    Similar Nearby for Sale

    • $660,000
      2,407 SF

      Former Dairy Queen For Sale

      2,407 SF building, drive-thru, and outdoor seating available.
      5071 S 136Th St, Omaha, NE 68137
      View Details
    • $5,235,427
      14,550 SF

      Omaha Walgreens Investment

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

      Deerfield Place Outlot

      Omaha Commercial Land: 1.97 Acres
      5308 136Th St, Omaha, NE 68137
      View Details
    • $1,935,120
      12,120 SF

      Omaha Office Condo Investment

      12,120 SF Office Condo, 100% Occupied
      5005 153Rd St, Omaha, NE 68137
      View Details
    • $2,977,600
      29,776 SF

      Empire Park I: Flex Space Omaha

      Omaha Flex Space: Ideal Owner/User Opportunity
      4812 114Th St, Omaha, NE 68137
      View Details
    • $765,000
      4,356 SF

      Industrial Property on Industrial Road

      Industrial property with 4356 square feet of space.
      13336 Industrial Rd, Omaha, NE 68137
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $14 SF/Yr
      31,224 SF

      Galleria Plaza: Retail Space Available

      Prime retail space, high traffic, multiple units.
      5002-5044 108Th St, Omaha, NE 68137
      View Details
    • $6 SF/Yr
      8,868 SF

      Retail Space in Empire Park

      Sublease opportunity in established shopping center at 108th and Q.
      5110 S 108Th St, Omaha, NE 68137
      View Details
    • $16 SF/Yr
      217 SF

      Premier Retail Power Center

      Premier retail power center with strong anchor and restaurant tenants.
      12300 K Plz, Omaha, NE 68137
      View Details
    • $16 SF/Yr
      8,366 SF

      Omaha Office/Retail Space for Lease

      Millard location, 1,505 SF, excellent access.
      14137 Q St, Omaha, NE 68137
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13780 Millard Ave
    Omaha, NE 68137-2700
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.