Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Strip malls
1604 Radl Hwy Omaha, NE 68104-5188
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US57-0015236
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Total area
3,840 SF
Lot
0.36 ac (15,750 SF)
Zoning code
GC
APN
2147790000
UPID
US57-0015236
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
-
Wamo Food Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
Nnamdi Njoku · 10 yrs held
Nnamdi Njoku
since 2015
7 recorded transactions
Zoning & alternative use
GC · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended for a wide variety of commercial uses and limited industrial facilities. Uses allowed in the GC district may generate sufficient traffic or have operating characteristics which make them generally incompatible with residential areas or lower intensity commercial and office districts
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
537.79 ac
Source
Realmo
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
$305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$305k
Range $275k – $336k · ±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
$79 / 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
$6,747
Tax year 2023
Assessed value
$319,800
Assessed 2023
Previous assessed
$319,800
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$45,800
Assessed improvement
$274,000
Land market value
$45,800
Improvement market value
$274,000
Total market value
$319,800
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
1961
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
4
Total area
3,840 SF
Lot
0.36 ac (15,750 SF)
Zoning code
GC
APN
2147790000
UPID
US57-0015236
Jurisdiction
DOUGLAS
Zoning & alternative use
GC · Omaha, NEZoning GC · permitted uses
GC · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended for a wide variety of commercial uses and limited industrial facilities. Uses allowed in the GC district may generate sufficient traffic or have operating characteristics which make them generally incompatible with residential areas or lower intensity commercial and office districts
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
537.79 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1961
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
4
Lot
0.36 ac
Current owner
From public records · entity-resolved
Nnamdi Njoku
Individual
Mailing address
PO BOX 34056, OMAHA, NE 68134-0056
Ownership since
2015
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
Jul 22, 2021
—
Nnamdi Njoku
—
Deed
related
$165,918 · First National Bank Of Omaha
Jun 1, 2018
—
Nnamdi Njoku
—
Deed
related
$49,820 · Other Institutional Lenders
Dec 30, 2015
$255,000
Nnamdi Njoku
Residential Real Estate LLC
Warranty Deed
$204,606 · American National Bank
Mar 13, 2014
$50,000
Residential Real Estate
Sleder Ted
Trustees Deed
—
Jan 7, 2009
$200,000
Red Oak Properties LLC
1604 LLC
Warranty Deed
—
Feb 5, 2007
—
1604 LLC
Red Oak Properties LLC
Warranty Deed
related
—
Jan 11, 2006
$215,000
Red Oak Properties LLC
Korcek,douglas J
Warranty Deed
$178,812 · Centennial Bank
—
—
Nnamdi Njoku
—
Deed Of Trust
related
$49,820 · Other Institutional Lenders
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1604 Radl Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
