Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17240 Wright St Omaha, NE 68130
    Back to Search
    Property profile & analytics

    17240 Wright St, Omaha, NE 68130

    View on Map
    • Hotels
    • 54,139 SF
    • 1.62 lot acres
    For Sale
    $9,250,000
    View Listing →
    Fairfield Inn & Suites Omaha For Sale
    $9,250,000
    1.61 Acres

    Fairfield Inn & Suites Omaha

    90-key hotel in Omaha's medical and retail corridor.

    17240 Wright St, Omaha, NE 68130
    View Listing
    Property ID
    US57-0214920
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fairfield Inn & Suites Omaha West / Hotel & Motel
    • Robinson Family Swim School / High School

    Property Details for 17240 Wright St

    Year built
    2015
    Lot size
    1.62 lot acres
    Property size
    54,139 SF
    Property type
    Hotels
    APN
    1619571030
    APU
    1619571030

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,370,000
      6.5%
      $4,035,000
      7%
      $3,745,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,791,000
      Market price range: $517k - $3.65M

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1848
    Latitude
    41.2332
    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
    $85,949
    $846,800
    $3,241,200
    $4,088,000
    -
    $846,800
    $3,241,200
    $4,088,000

    Comparable in this City

    • Value Estimation
      $3,510,000
      66,327 SF

      2720 Oak Dr

      HOTEL • 66,327 SF
      2720 Oak Dr, Omaha, NE 68130-2194
      View Details
    • Value Estimation
      $3,550,000
      64,341 SF

      17606 Arbor Plz

      HOTEL • 64,341 SF
      17606 Arbor Plz, Omaha, NE 68130-4673
      View Details
    • Value Estimation
      $2,260,000
      43,091 SF

      2500 192nd Ave

      HOTEL • 43,091 SF
      2500 192nd Ave, Omaha, NE 68130-3038
      View Details
    • Value Estimation
      $6,865,000
      44,562 SF

      17677 Wright St

      HOTEL • 44,562 SF
      17677 Wright St, Omaha, NE 68130-2095
      View Details
    • Value Estimation by Request
      0.14 Acres

      Omaha, NE 68130

      VACANT COMMERCIAL LAND • 0.14 Acres
      Omaha, NE 68130
      View Details
    • Value Estimation by Request
      0.01 Acres

      Omaha, NE 68130

      VACANT COMMERCIAL LAND • 0.01 Acres
      Omaha, NE 68130
      View Details

    Similar Nearby for Sale

    • $9,250,000

      Fairfield Inn & Suites Omaha

      90-key hotel in Omaha's medical and retail corridor.
      17240 Wright St, Omaha, NE 68130
      View Details
    • $604,800

      Modern Office Condominium in Omaha

      Move-in-ready office space in Southwest Omaha's Ridgeview Office Park.
      18045 Oak St, Omaha, NE 68130
      View Details
    • Contact for pricing

      Retail and Pad Sites Available

      Commercial land for sale, ready for development.
      2505 S 192Nd Ave, Omaha, NE 68130
      View Details
    • $604,800
      2,864 SF

      Modern Office Condo For Sale

      Move-in-ready office space in Southwest Omaha's Ridgeview Office Park.
      18045 Oak St, Omaha, NE 68130
      View Details
    • Contact for pricing

      Class A Office Building Omaha

      Two-story office building in fast-growing southwest Omaha near amenities.
      17041 Lakeside Hills Plz, Omaha, NE 68130
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr

      Class A Office Building

      Premier office building on a beautifully landscaped lot.
      17330 Wright St, Omaha, NE 68130
      View Details
    • $17 SF/Yr
      7,717 SF

      Office Space in Lakeside Building

      Office space available for lease at 168th & W Center.
      17445 Arbor St, Omaha, NE 68130
      View Details
    • Contact for pricing
      3,805 SF

      Lakeside Hills Office Space Available

      Premier office building near CHI Health Lakeside Hospital.
      16820 Frances St, Omaha, NE 68130
      View Details
    • Contact for pricing
      1,303 SF

      Retail Spaces in Omaha Center

      Retail spaces available in West Omaha shopping center.
      18210 Wright St, Omaha, NE 68130
      View Details
    • Contact for pricing

      Retail Space in Lakeside Plaza

      Retail space with high visibility in a busy shopping center.
      17220 W Center Rd, Omaha, NE 68130
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      High-traffic retail bays in shopping center anchored by Lowe’s.
      18202 Wright St, Omaha, NE 68130
      View Details
    View Listing
    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.
    17240 Wright St
    Omaha, NE 68130
    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

    Thank You for Inquiry
    17240 Wright St, Omaha, NE, 68130
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!