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

    1715 203rd St Elkhorn, NE 68022-2833

    • Warehouses
    • 7,800 SF
    • 0.65 lot acres
    OFF-MARKET
    Last Sale
    Jul 07, 2021
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0219619
    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

    • Shaver Painting & Decorating / Wallpaper Installer / Painter

    Property Details for 1715 203rd St

    Year built
    1993
    Lot size
    0.65 lot acres
    Property size
    7,800 SF
    Zone code
    ELKHORN
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1852060004
    APU
    1852060004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $406,000
      Market price range: $365k - $751k

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhorn
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.2328
    Latitude
    41.275
    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
    $9,949
    $142,000
    $331,200
    $473,200
    -
    $142,000
    $331,200
    $473,200

    Comparable in this City

    • Value Estimation by Request
      13,790 SF

      20720 Glenn St

      MINI-WAREHOUSE, STORAGE • 13,790 SF
      20720 Glenn St, Elkhorn, NE 68022
      View Details
    • Value Estimation by Request
      9,000 SF

      18910 Bedford Ave

      MINI-WAREHOUSE, STORAGE • 9,000 SF
      18910 Bedford Ave, Elkhorn, NE 68022-3352
      View Details
    • Value Estimation
      $550,000
      3,820 SF

      5303 180th St

      MINI-WAREHOUSE, STORAGE • 3,820 SF
      5303 180th St, Elkhorn, NE 68022-1250
      View Details
    • Value Estimation
      $675,000
      18,000 SF

      3636 222nd St

      MINI-WAREHOUSE, STORAGE • 18,000 SF
      3636 222nd St, Elkhorn, NE 68022-3550
      View Details
    • Value Estimation
      $525,000
      6,440 SF

      20450 Ohio St

      MINI-WAREHOUSE, STORAGE • 6,440 SF
      20450 Ohio St, Elkhorn, NE 68022
      View Details
    • Value Estimation
      $275,000
      4,211 SF

      20395 Ohio St

      MINI-WAREHOUSE, STORAGE • 4,211 SF
      20395 Ohio St, Elkhorn, NE 68022-2389
      View Details

    Similar Nearby for Sale

    • $1,750,000
      7,500 SF

      Elkhorn Edge Flex Space Investment

      Omaha flex space; 7,500 sq ft, 5 units.
      20109 Franklin Cir, Omaha, NE 68022
      View Details
    • $2,550,000

      Three Leased Buildings on 4.6 Acres

      Three fully leased buildings on 4.6 acres in Elkhorn.
      N 204Th St, Elkhorn, NE 68022
      View Details
    • Contact for pricing
      1.00 Acre

      Omaha Commercial Land - Lots 3 & 4

      Prime Omaha location, flexible development options.
      0 Center Rd, Omaha, NE 68022
      View Details
    • $1,199,000
      2.22 Acres

      Omaha Commercial Land - 2.22 Acres

      High-visibility corner lot, prime commercial development.
      21530 Maple Rd, Omaha, NE 68022
      View Details
    • $89,000

      Residential Land in Elkhorn, NE

      Land for sale in Elkhorn School District.
      4909 N 214Th St, Elkhorn, NE 68022
      View Details
    • $79,000

      Residential Lot in Elkhorn, NE

      0.27 acre walk-out lot in Calarosa/Vistancia, Elkhorn.
      5513 N 205Th St, Elkhorn, NE 68022
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,419 SF

      Elkhorn Flex/Showroom/Retail Space

      Flex/showroom/retail space in Elkhorn, ready beginning of 2024.
      606 N 210Th St, Omaha, NE 68022
      View Details
    • $22 SF/Yr
      31,694 SF

      Block 180: Modern Office Suites

      Class A Office Space, West Dodge Rd.
      18140 Burke St, Omaha, NE 68022
      View Details
    • $20 SF/Yr
      48,460 SF

      Aloft Omaha West Retail Space

      Omaha Restaurant Space Available
      215 181St St, Omaha, NE 68022
      View Details
    • $27 SF/Yr
      17,990 SF

      Omaha Office Space For Rent

      Office space available for lease in Omaha, Nebraska.
      1811 Aksarben Dr, Omaha, NE 68022
      View Details
    • $26 SF/Yr
      4,000 SF

      Grant Avenue Retail Space

      Omaha Retail: 1,000-4,000 SF Available
      19205 Grant Ave, Omaha, NE 68022
      View Details
    • $19 SF/Yr
      96,285 SF

      Omaha Office Building for Lease

      96,285 SF Office Space Available
      18020 Burt St, Omaha, NE 68022
      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.
    1715 203rd St
    Elkhorn, NE 68022-2833
    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.