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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Specialty properties
1401 120th St Omaha, NE 68154-1303
Entity Owned
Free & Clear
Property ID
US57-0209866
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1961
Total area
6,588 SF
Lot
5.2 ac (226,512 SF)
Zoning code
DR
APN
129740003
UPID
US57-0209866
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
-
Miracle Hill Golf Course
-
Miracle Hill Golf Course Golf Course
-
UNIVERSITY OF NEBRASKA OMAHA WOMEN'S TENNIS Academic Department
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$791k
Blend (final)
Blend
$690k
Owner & transaction history
GMT LLC
GMT LLC
Zoning & alternative use
DR · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$830,000
+48.9%
Retail stores
$735,000
+32.3%
Auto repair, garage
$605,000
+8.8%
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
by Request
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$555,000
Current use
RESTAURANT
$830,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$735,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$605,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$550,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$530,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$510,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10%
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
$105 / 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
$53,625
Tax year 2023
Assessed value
$2,541,700
Assessed 2023
Previous assessed
$2,541,700
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$78,000
Assessed improvement
$2,463,700
Land market value
$78,000
Improvement market value
$2,463,700
Total market value
$2,541,700
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1961
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
1
Total area
6,588 SF
Lot
5.2 ac (226,512 SF)
Zoning code
DR
APN
129740003
UPID
US57-0209866
Jurisdiction
DOUGLAS
Zoning & alternative use
DR · Omaha, NE
Zoning DR · permitted uses
DR · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Omaha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$555,000
RESTAURANT
Est. value
$830,000
RETAIL STORES
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$605,000
OFFICE BUILDING
Est. value
$550,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$530,000
MEDICAL BUILDING
Est. value
$510,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1961
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
5.2 ac
Current owner
From public records · entity-resolved
GMT LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1401 N 120TH ST, OMAHA, NE 68154-1303
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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