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Property profile & analytics
FOR LEASE
Office buildings
17838 Burke St Omaha, NE 68118
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US57-0529727
For Lease
1 / 3
$22 SF/Yr
17838 Burke St, Omaha, NE 68118
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Property summary
AI-generated overview
The Advent Building offers exceptional executive office suites in Omaha, Nebraska. Located at 17838 Burke St, zip code 68118, this Class A building boasts 42,016 square feet of space across two stories. Built in 2016, this single building sits on a 2.6-acre lot and is zoned MU (Mixed Use), providing flexibility for various business needs. The property features convenient elevators and caters to multiple tenants. Available spaces range from 132 square feet to 916 square feet, making it suitable for businesses of all sizes. Its prime location in the Suburban West Dodge Corridor offers excellent accessibility and visibility. The building's modern design and amenities create a professional and productive work environment. This is an unparalleled opportunity to secure high-quality office space in a thriving Omaha neighborhood. Inquire today to learn more about available suite sizes and lease terms. The building's traditional office layout is complemented by its executive office suite options, providing a range of choices to suit diverse business requirements.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Total area
48,012 SF
Lot
2.61 ac (113,692 SF)
APN
2531220604
UPID
US57-0529727
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
-
Hope McClurkin Realtor Real Estate Agency
-
Casey Snyder, Realtor-Lin/Oma Real Estate Team@kw ELITE Real Estate Agency
-
Omaha Face Spa & Massage Center Alternative Medicine Practice
-
Dr. John M. Harbison, M.D. Medical Clinic
-
Kugler Vision Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.13M
Blend (final)
Blend
$5.71M
Owner & transaction history
Burke Street Venture Limited Partne
Burke Street Venture Limited Partne
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.0M
+28.0%
Retail stores
$7.5M
+7.1%
Medical building
$7.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,005,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,970,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$7,500,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$7,250,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,125,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,725,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$5.71M
Range $5.14M – $6.28M · ±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
$119 / 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
$145,598
Tax year 2023
Assessed value
$6,925,100
Assessed 2023
Previous assessed
$6,925,100
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,211,100
Assessed improvement
$5,714,000
Land market value
$1,211,100
Improvement market value
$5,714,000
Total market value
$6,925,100
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
For Lease
Year built
2016
Heating
YES
Cooling
YES
Stories
2
Total area
48,012 SF
Lot
2.61 ac (113,692 SF)
APN
2531220604
UPID
US57-0529727
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
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.0M
RETAIL STORES
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$6.7M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2016
Heating
YES
Cooling
Yes
Stories
2
Lot
2.61 ac
Current owner
From public records · entity-resolved
Burke Street Venture Limited Partne
Entity
Mailing address
14440 F ST STE #117, OMAHA, NE 68137-1005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
—
Burke Street Venture Limited Partne
—
Deed
related
$400,000 · Union Bank & Trust Co
Apr 9, 2020
—
Burke Street Venture
—
Deed
related
$9,982,000 · Union Bk&tr
Jul 31, 2017
—
Burke Street Venture LP
—
Trustees Deed
related
$500,000 · Union Bk&tr
Nov 2, 2015
—
Burke Street Venture LP
—
Deed Of Trust
related
$9,375,000 · Union Bk&tr
—
—
Burke Street Venture
—
Loan Modification
related
$9,982,000 · Union Bk&tr
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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