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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Strip malls
17940 Welch Plz, Omaha, NE 68135-3594
Entity Owned
20-yr Hold
Free & Clear
Property ID
US57-0139031
Property summary
AI-generated overview
This exceptional retail opportunity is located within Hawthorne V, a single-building, 7,914 square foot strip center situated on a spacious 57,586 square foot lot in Omaha, Nebraska. Built in 2010, the property is zoned MU and located in Douglas County, conveniently situated at 17940 Welch Plaza, Omaha, NE 68135, near the cross streets of 180th and Q. The available space, Suite 104, totals 970 square feet and features a reception area and a private procedure room. Previously occupied by a wax salon, this space offers excellent visibility and accessibility with front door parking. The lease rate is $22.00 per square foot, with a net, net, net (NNN) expense of $8.72 per square foot. The property boasts no elevators, but its single-story design ensures easy access for customers and employees. This is an ideal location for a variety of retail businesses seeking high visibility and convenient access in a thriving Omaha neighborhood. The property's multiple tenancy structure provides a vibrant and diverse commercial environment.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Total area
7,914 SF
Lot
1.32 ac (57,499 SF)
Zoning code
MU
APN
1305260250
UPID
US57-0139031
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
-
Russ McHenry: Allstate Insurance Insurance Agency
-
Sweat Cycle Strength Gym & Fitness Center
-
Laura M. Lentz Counselor
-
Tracey Minto, LIMHP, LIMFT Marriage Or Relationship Counselor
-
Help & Healing Counseling, LLC Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Lanoha Q INC · 20 yrs held
Lanoha Q INC
since 2006
1 recorded transaction
Zoning & alternative use
MU · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
NEIGHBORHOOD: SHOPPING CENTER
$1,480,000
Current use
RETAIL STORES
$1,235,000
Change: -16% · Conversion: Easy
MEDICAL BUILDING
$1,195,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$145 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$1,438,900
Assessed 2023
Previous assessed
$1,438,900
+0.0% YoY
Assessed land
$431,900
Assessed improvement
$1,007,000
Land market value
$431,900
Improvement market value
$1,007,000
Total market value
$1,438,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
7
Total area
7,914 SF
Lot
1.32 ac (57,499 SF)
Zoning code
MU
APN
1305260250
UPID
US57-0139031
Jurisdiction
DOUGLAS
Zoning & alternative use
MU · Omaha, NE
Zoning MU · permitted uses
MU · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Omaha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
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
2010
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
7
Lot
1.32 ac
Current owner
From public records · entity-resolved
Lanoha Q INC
Entity
Free & Clear · 20 yrs held
Mailing address
17070 WRIGHT PLZ STE #200, OMAHA, NE 68130-2249
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2006
$410,555
Lanoha Q INC
Physicians Clinic 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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