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    Property profile & analytics

    17950 Burt St Omaha, NE 68118

    • Automotive properties
    • 66,948 SF
    • 6.09 lot acres
    For Sale
    View listing
    $2,813,228
    Last Sale
    Nov 08, 2022
    $15,891,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0214862
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Baxter Chrysler Dodge Jeep Ram FIAT of Omaha-Jeep / Car Dealership
    • Edwards Chrysler Dodge Jeep Ram Village Pointe Omaha / Car Dealership

    Property Details for 17950 Burt St

    Year built
    2005
    Lot size
    6.09 lot acres
    Property size
    66,948 SF
    Property type
    Automotive properties
    APN
    2442490900
    APU
    2442490900

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,500,000
      ML approach
      $9,220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,370,000
      Market price range: $5.82M - $15.7M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $9,935,000
      Current use
      RESTAURANT
      $21,980,000
      Change: +121% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $12,510,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $10,460,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $10,110,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $9,770,000
      Change: -2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,380,000
      Change: -6% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1946
    Latitude
    41.2661
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $1,891,700
    $6,687,200
    $8,578,900
    -
    $1,891,700
    $6,687,200
    $8,578,900

    Comparable in this City

    • Value Estimation
      $4,085,000
      30,395 SF

      17220 Burt St

      VEHICLE SALES, RENTALS • 30,395 SF
      17220 Burt St, Omaha, NE 68118-2528
      View Details
    • Value Estimation
      $5,220,000
      39,614 SF

      17340 Burt St

      VEHICLE SALES, RENTALS • 39,614 SF
      17340 Burt St, Omaha, NE 68118-2541
      View Details
    • Value Estimation
      $7,035,000
      55,080 SF

      17750 Burt St

      VEHICLE SALES, RENTALS • 55,080 SF
      17750 Burt St, Omaha, NE 68118-3311
      View Details
    • Value Estimation
      $4,165,000
      31,391 SF

      17606 Burt St

      VEHICLE SALES, RENTALS • 31,391 SF
      17606 Burt St, Omaha, NE 68118-3310
      View Details
    • Value Estimation
      $2,695,000
      19,791 SF

      17665 Burt St

      VEHICLE SALES, RENTALS • 19,791 SF
      17665 Burt St, Omaha, NE 68118-3315
      View Details
    • Value Estimation
      $5,605,000
      42,959 SF

      17130 Burt St

      VEHICLE SALES, RENTALS • 42,959 SF
      17130 Burt St, Omaha, NE 68118-2518
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property for Sale

      Retail property available for purchase in Omaha, Nebraska.
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      Retail Property for Sale

      Retail property available for purchase in Omaha, Nebraska.
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    • $1,842,589
      0.32 Acres

      Omaha Commercial Lots: Prime Location

      Three lots, high-traffic area, development ready.
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      Omaha Executive Office Building

      Class A Office, 50,915 SF, High Occupancy
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    • $415,000

      Commercial Land on West Dodge

      Commercial zoned land ideal for development and business growth.
      15781 West Dodge Rd, Omaha, NE 68118
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    • Contact for pricing

      Specialty Property for Sale

      Specialty property available for purchase in Omaha, Nebraska.
      17340 Burt St, Omaha, NE 68118
      View Details

    Similar Nearby for Lease

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      6,500 SF

      Retail Space in Village Pointe

      Retail space available in Omaha's Village Pointe shopping destination.
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      1,000 SF

      Retail Space on West Dodge

      Retail space with high traffic and income demographics.
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      3,870 SF

      Former Fitness Space Available

      Retail space with large open area and restrooms with showers.
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    • Contact for pricing
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      Prime Retail Space, Omaha, NE

      Two spaces available; high-growth area.
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    • $20 SF/Yr
      5,348 SF

      Updated Office Space Sublease

      Sublease available until 2026 with updated features.
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    • Contact for pricing
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      Prime West Dodge Road Office

      Office space with high visibility on West Dodge Road.
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      View Details
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    17950 Burt St
    Omaha, NE 68118
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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