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Property profile & analytics
OFF-MARKET
Estimated value
$3,935,000
Motels
17889 Chicago St Omaha, NE 68118-2914
Entity Owned
11-yr Hold
Free & Clear
Property ID
US57-0177610
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2014
Total area
57,269 SF
Lot
2.57 ac (111,949 SF)
Zoning code
MU
APN
2531220518
UPID
US57-0177610
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
-
Home2 Suites by Hilton Omaha West, NE Hotel & Motel
-
VILLAGE POINT MALL Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.27M
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$3.94M
Owner & transaction history
Dmvp 3 Land LLC · 11 yrs held
Dmvp 3 Land LLC
since 2014
5 recorded transactions
Zoning & alternative use
MU · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MU mixed use district is intended to accommodate projects that combine several compatible land uses into an integrated development consistent with the goals and policies of the land use and urban design elements of the city's comprehensive plan
Zone name
Mixed Use District
General category
MIXED_USE
Zone area
3,288.99 ac
Source
Realmo
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%
$4,625,000
6.5%
$4,270,000
7%
$3,965,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,105,000
Current use
Blend value · Realmo final
$3.94M
Range $3.54M – $4.33M · ±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
$69 / 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
$134,848
Tax year 2023
Assessed value
$6,413,800
Assessed 2023
Previous assessed
$6,413,800
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$914,400
Assessed improvement
$5,499,400
Land market value
$914,400
Improvement market value
$5,499,400
Total market value
$6,413,800
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2014
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
4
Units
105
Rooms
105
Total area
57,269 SF
Lot
2.57 ac (111,949 SF)
Zoning code
MU
APN
2531220518
UPID
US57-0177610
Jurisdiction
DOUGLAS
Zoning & alternative use
MU · Omaha, NEZoning MU · permitted uses
MU · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MU mixed use district is intended to accommodate projects that combine several compatible land uses into an integrated development consistent with the goals and policies of the land use and urban design elements of the city's comprehensive plan
Zone name
Mixed Use District
General category
MIXED_USE
Zone area
3,288.99 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.1M
HOTEL/MOTEL 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
2014
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
4
Units
105
Rooms
105
Lot
2.57 ac
Current owner
From public records · entity-resolved
Dmvp 3 Land LLC
Entity
Free & Clear · 11 yrs held
Mailing address
801 E 2ND AVE STE #200, CORALVILLE, IA 52241-2250
Ownership since
2014
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
Oct 26, 2017
—
Chicago Street Hotel Assocs Ll
—
Deed
related
$7,270,249 · American Nat'l Bk
Sep 4, 2014
$2,383,000
Dmvp 3 Land LLC
Village West LLC
Special Warranty Deed
—
Apr 9, 2013
—
Chicago Street Hotel Assocs Ll
—
Trustees Deed
related
$7,800,000 · American National Bank & Trust
Apr 3, 2013
$1,341,000
Chicago Street Hotel Assocs Ll
Odyssey Investments III LLC
Warranty Deed
—
—
—
Chicago Street Hotel Assocs Ll
—
Loan Modification
related
$7,270,249 · 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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