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Property profile & analytics
OFF-MARKET
Estimated value
$4,550,000
Office buildings
16924 Frances St Omaha, NE 68130-2301
Entity Owned
1-yr Hold
Free & Clear
Property ID
US57-0225463
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
25,336 SF
Lot
1.67 ac (72,745 SF)
APN
1602856082
UPID
US57-0225463
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
-
Securities America Inc Financial Advisor
-
Benefit Plans, Inc. Financial Advisor
-
Consortia Consulting, Inc. Business Management Consultant
-
Creative Planning Financial Advisor
-
Orizon Investment Counsel Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.55M
CAP Approach
CAP
$5.69M
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$4.55M
Owner & transaction history
L A R Enterprizes LLC · 1 yrs held
L A R Enterprizes LLC
since 2024
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.7M
+28.0%
Retail stores
$4.0M
+7.1%
Medical building
$3.8M
+3.5%
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
$4,550,000
ML approach
$4,550,000
CAP Approach
CAP Return
Estimation
6%
$6,160,000
6.5%
$5,685,000
7%
$5,280,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,695,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,735,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$3,960,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$3,825,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,760,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,550,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$3,455,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.55M
Range $4.10M – $5.01M · ±10% · vs last sale $4.55M (Nov 27 2024)
Last sale anchor
$4.55M
Nov 27 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
$180 / 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
$77,323
Tax year 2023
Assessed value
$3,677,700
Assessed 2023
Previous assessed
$3,677,700
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$936,300
Assessed improvement
$2,741,400
Land market value
$936,300
Improvement market value
$2,741,400
Total market value
$3,677,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
25,336 SF
Lot
1.67 ac (72,745 SF)
APN
1602856082
UPID
US57-0225463
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
OFFICE BUILDING Current
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
RETAIL STORES
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2001
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
L A R Enterprizes LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8701 W DODGE RD, OMAHA, NE 68114-3409
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
—
L A R Enterprizes LLC
—
Deed
related
$5,500,000 · Access Bank
Nov 27, 2024
$4,550,000
L A R Enterprizes LLC
Tc Accommodator 342 LLC
Special Warranty Deed
—
May 22, 2024
—
Tc Accommodator 342 LLC
Orizon Building Limited Partnership
Warranty Deed
$4,481,146 · L A R Enterprises LLC
Dec 9, 2019
—
Orizon Building LP
—
Deed
related
—
—
—
Orizon Building LP
—
Loan Modification
related
—
—
—
Orizon Building
—
Deed Of Trust
related
$2,708,984 · Nebraska State Bank Omaha
—
—
Orizon Building
—
Deed Of Trust
related
$3,400,000 · American Nat'l 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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