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Property profile & analytics
OFF-MARKET
Estimated value
$3,265,000
Drug stores
17909 Burke St Omaha, NE 68118-2252
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US57-0157988
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2008
Total area
14,736 SF
Lot
1.45 ac (63,162 SF)
Zoning code
MU
APN
2531220490
UPID
US57-0157988
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
LibertyX Bitcoin ATM Atm
-
FedEx OnSite Postal Service Courier Service
-
Patricia A. Schlueter, RP Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.23M
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$3.27M
Owner & transaction history
Ss 17909 Burke Street LLC · 2 yrs held
Ss 17909 Burke Street LLC
since 2024
Last sale
$3.8M
7 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
Top alternative use upside
Restaurant
$4.8M
+110.1%
Neighborhood: shopping center
$2.8M
+19.6%
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
$3,145,000
ML approach
$3,225,000
CAP Approach
CAP Return
Estimation
6%
$2,970,000
6.5%
$2,740,000
7%
$2,545,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,305,000
Current use
RESTAURANT
$4,840,000
Change: +110% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,755,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$2,225,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,185,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$2,150,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,065,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$3.27M
Range $2.94M – $3.59M · ±10% · vs last sale $3.83M (Apr 3 2024)
Last sale anchor
$3.83M
Apr 3 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
$222 / 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
$60,925
Tax year 2023
Assessed value
$2,897,800
Assessed 2023
Previous assessed
$2,897,800
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$950,000
Assessed improvement
$1,947,800
Land market value
$950,000
Improvement market value
$1,947,800
Total market value
$2,897,800
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2008
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
14,736 SF
Lot
1.45 ac (63,162 SF)
Zoning code
MU
APN
2531220490
UPID
US57-0157988
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
RETAIL STORES Current
Est. value
$2.3M
RESTAURANT
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2008
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Ss 17909 Burke Street LLC
Entity
Mailing address
1345 AVE OF THE AMERICAS FL 32A, NEW YORK, NY 10105-3107
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
Jul 3, 2024
$3,829,000
Ss 17909 Burke Street LLC
Bsprt Walgreens Portfolio 14 LLC
Limited Warranty Deed
$57,750,000 · Peoples Bank & Trust Co Of Pickett
Nov 29, 2022
$3,224,960
Bsprt Walgreens Portfoliio 14 LLC
Ibf Properties LLC
Deed
—
Aug 26, 2022
—
Bsprt Bb Loan LLC
—
Deed
related
$113,200,000 · Bsprt 2021-fl6 Seller LLC
Aug 25, 2022
—
Bsprt Cre Finance LLC
—
Deed
related
$36,500,000 · Bsprt Bb Loan LLC
Apr 22, 2022
—
Ibf Properties LLC
—
Deed
related
$149,700,000 · Peoples Bank & Trust Co Of Pickett Co
Mar 24, 2022
$4,255,000
Ibf Proerties LLC
Custom Pharpacy Sale Leaseback LLC
Special Warranty Deed
$70,326,550 · Revere Credit Opportunities Idf
Mar 27, 2014
$3,894,000
Custom Pharmacy Sale Leaseback LLC
Waltrust Properties INC
Warranty Deed
—
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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