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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Office buildings
1823 Harney St Omaha, NE 68102-1908
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US57-1171069
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1894
Total area
25,350 SF
Lot
0.45 ac (19,487 SF)
APN
330530000
UPID
US57-1171069
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
-
Stommes Immigration Law Office Law Firm
-
Tietjen Simon & Boyle Law Firm
-
Harry A. Hoch III Law Firm
-
Omaha Housing Authority Housing Authority
-
Hoch III Harry A Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$2.44M
Owner & transaction history
Housing Authhority Of The City Of O · 7 yrs held
Housing Authhority Of The City Of O
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.0M
+24.1%
Medical building
$3.8M
+20.0%
Auto repair, garage
$3.8M
+17.9%
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
OFFICE BUILDING
$3,190,000
Current use
RETAIL STORES
$3,960,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$3,830,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,760,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,550,000
Change: +11% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,765,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±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
$96 / 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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1894
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
13
Total area
25,350 SF
Lot
0.45 ac (19,487 SF)
APN
330530000
UPID
US57-1171069
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
RETAIL STORES
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1894
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
13
Lot
0.45 ac
Current owner
From public records · entity-resolved
Housing Authhority Of The City Of O
Entity
Mailing address
1823 HARNEY ST, OMAHA, NE 68102-1908
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2018
$2,750,000
Housing Authhority Of The City Of O
1823 Harney St Management LLC
Warranty Deed
$1,760,000 · Access Bank
Jul 21, 2016
$1,840,000
1823 Harney St Management LLC
Library Building LLC
Warranty Deed
—
May 14, 2015
—
Library Building LLC
Wassenberg H Arnold Trust
Warranty Deed
related
—
Nov 3, 2014
$1,750,000
Wassenberg,h Arnold Living Trust
Keyfm Library LLC
Grant Deed
—
Jan 31, 2007
$1,255,000
Keyfm Library LLC
Charleston LLC
Warranty Deed
$1,630,000 · Valley Bank
Jul 25, 2005
$1,245,000
Charleston LLC
Keyfm Library LLC
Warranty Deed
—
May 20, 2004
$1,000,000
Keyfm Library LLC
Historic Omaha Library
Grant Deed
$800,000 · Council Bluffs Savings Bank
—
—
Charleston LLC
—
Deed Of Trust
related
$2,800,000 · Valley Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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