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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Strip malls
16918 Morgan Ave Gretna, NE 68028-4088
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US57-1036568
Property summary
AI-generated overview
This exceptional 17,600 square foot retail center, built in 2022, is situated in the thriving Gretna, Nebraska market at 16918 Morgan Ave, conveniently located near the intersection of 168th & Hwy 370 in Sarpy County. The single-story building offers a prime opportunity for multiple tenants. Currently, 5,125 square feet of space is available for lease. The center boasts ample parking, with a ratio of 5.6 spaces per 1,000 square feet, ensuring convenient access for customers. This property benefits from its location within a rapidly developing area, experiencing significant new construction activity. Established tenants include Scooter's Coffee, Sports Clips, Regius Nutrition, and Athletico, providing strong co-tenancy and attracting a substantial customer base. The property's address is 16918 Morgan Ave, Gretna, NE 68028. This is an ideal location for businesses seeking high visibility and a strong customer demographic in a rapidly growing community. The property's zip code is 68028.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Total area
17,800 SF
Lot
0.51 ac (22,000 SF)
APN
11598114
UPID
US57-1036568
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
-
5 Thirty-One Pizza & Phillies Restaurant
-
Sport Clips Haircuts of Gretna Hilltop Hair Salon
-
Honest Chiropractic Alternative Medicine Practice
-
Rexius Nutrition Gretna (Bike/Boat/Book/etc) Store Pharmacy
-
Athletico Physical Therapy - Gretna Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
Tlc Develoment LLC · 8 yrs held
Tlc Develoment LLC
since 2018
4 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 Gretna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gretna 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,890,000
6.5%
$3,590,000
7%
$3,335,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,290,000
Current use
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±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
$167 / 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
$112,684
Tax year 2023
Assessed value
$4,111,426
Assessed 2023
Previous assessed
$4,111,426
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$1,903,407
Assessed improvement
$2,208,019
Land market value
$1,903,407
Improvement market value
$2,208,019
Total market value
$4,111,426
Applied tax rate
37,092.0000
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
2019
Heating
NONE
Buildings
2
Stories
1
Units
11
Total area
17,800 SF
Lot
0.51 ac (22,000 SF)
APN
11598114
UPID
US57-1036568
Jurisdiction
SARPY
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
$4.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2019
Heating
NONE
Stories
1
Buildings
2
Units
11
Lot
0.51 ac
Current owner
From public records · entity-resolved
Tlc Develoment LLC
Entity
Mailing address
10612 S 168TH AVE, OMAHA, NE 68136-4096
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2018
—
Tlc Dev LLC
—
Trustees Deed
related
$3,983,000 · Pinnacle Bk
Apr 10, 2018
$1,990,000
Tlc Develoment LLC
Heat & Olse Property Group LLC
Warranty Deed
$1,600,000 · Pinnacle Bank
Mar 27, 2018
—
Hart & Olsen Property Group LLC
—
Deed
related
$52,481 · Plattsmouth State Bank
May 30, 2017
$1,385,000
Hart & Olsen Prop Group LLC
Rogers Dev INC
Warranty Deed
$1,384,296 · Access Bk
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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