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17950 Burt St Omaha, NE 68118-3316

OFF-MARKET Automotive properties Google Maps
66,948 SF 6.09 ac lot Built 2005
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$15.17M
Range $13.65M – $16.68M (±10%)
Property ID US57-0214862

Property summary

AI-generated overview

This exceptional 2.936-acre development site, located at 17950 Burt St in Omaha, Nebraska (zip code 68118), presents a unique opportunity for Class A mixed-use development. The property boasts 127,874 square feet of land, priced at $22 per square foot, with a total asking price of $2,813,228. Its prime location offers unmatched visibility along a major city thoroughfare, providing significant advantages for attracting clientele. The site is ideally suited for a variety of high-end uses, including high-end hospitality centers and hotels, lifestyle retail and restaurants, and luxury condominiums, homes, or apartment residences. The expansive lot allows for the incorporation of park-like common areas and wellness trails, enhancing the overall appeal and livability of the development. This is a rare chance to create a premier mixed-use destination in a thriving Omaha neighborhood. The property is available for sale or build-to-suit arrangements, offering flexibility to potential developers. Douglas County location provides access to established infrastructure and amenities. This development site is zoned for mixed-use development, allowing for a diverse range of commercial and residential uses. The property's location and size make it an attractive investment opportunity with significant potential for long-term growth and return.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2005
Total area 66,948 SF
Lot 6.09 ac (265,280 SF)
APN 2442490900
UPID US57-0214862

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Dealership

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.22M
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.37M
Blend (final) Blend
$15.17M

Owner & transaction history

since 2022
Last sale
$15.9M
7 recorded transactions
2024
Price N/A
2022
$15.9M
2020
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $22.0M +121.2%
Neighborhood: shopping center $12.5M +25.9%
Retail stores $10.5M +5.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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