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    18375 Wright St Omaha, NE 68130

    • Outlet malls
    • 137,181 SF
    • 16.36 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1143374
    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

    • Lowe's Garden Center / Garden Center
    • Lowe's Home Improvement / Carpet & Flooring Store / Hardware & Home Improvement
    • Lowe's ProServices / Building Supply / Industrial Manufacturer
    • Minute Key / Locksmith / (Bike/Boat/Book/etc) Store

    Property Details for 18375 Wright St

    Year built
    2001
    Lot size
    16.36 lot acres
    Property size
    137,181 SF
    Zone code
    MU
    Property type
    Outlet malls
    APN
    2117430482
    APU
    2117430482

    Description

    This exceptional 1.02-acre commercial land parcel presents a unique investment opportunity in Omaha, Nebraska. Situated within the heavily trafficked Lowe's parking lot, this outlot boasts over 583,300 visits in the past year, ensuring high visibility and substantial foot traffic. The property's strategic location offers unparalleled access to West Center Road and is surrounded by a vibrant retail environment. Neighboring businesses include major retailers such as Lowe's, Walmart Supercenter, Target, Lifetime Fitness, Baker's Grocery, and Natural Grocers, creating a strong synergy and attracting a diverse customer base. Furthermore, its proximity to CHI Health Lakeside Hospital and associated medical office buildings within 1.5 miles provides additional potential for synergistic development and a large pool of potential customers. The property is zoned for General Commercial use, offering flexibility for a wide range of development possibilities. This exceptional location and high traffic count make this 1.02-acre outlot an ideal site for businesses seeking maximum exposure and accessibility in a thriving Omaha commercial corridor. The address is 18375 Wright Street, Omaha, NE 68130, in Douglas County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,124,000
      Market price range: $9.70M - $33.8M
      AI Estimate
      $9,790,000
      Market price range: $6.16M - $22.7M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $21,435,000
      Current use
      MEDICAL BUILDING
      $20,715,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $20,360,000
      Change: -5% Conversion: Difficult
      OFFICE BUILDING
      $20,015,000
      Change: -7% Conversion: Easy
      COMMERCIAL (GENERAL)
      $19,220,000
      Change: -10% Conversion: Easy
      WAREHOUSE, STORAGE
      $18,710,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.2025
    Latitude
    41.2319
    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
    2023
    $190,955
    $4,455,300
    $4,627,100
    $9,082,400
    -
    $4,455,300
    $4,627,100
    $9,082,400

    Comparable in this City

    • Value Estimation
      $15,980,000
      208,503 SF

      18201 Wright St

      WHOLESALE OUTLET, DISCOUNT STORE • 208,503 SF
      18201 Wright St, Omaha, NE 68130-2875
      View Details
    • Value Estimation
      $13,350,000
      173,600 SF

      17810 Ctr Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 173,600 SF
      17810 Ctr Rd, Omaha, NE 68130-2308
      View Details
    • Value Estimation
      $2,185,000
      50,000 SF

      17202 Lakeside Hls Plz

      WHOLESALE OUTLET, DISCOUNT STORE • 50,000 SF
      17202 Lakeside Hls Plz, Omaha, NE 68130-2350
      View Details
    • Value Estimation
      $1,675,000
      11,880 SF

      16902 Wright Plz

      SHOPPING CENTER, STRIP CENTER • 11,880 SF
      16902 Wright Plz, Omaha, NE 68130-4658
      View Details
    • Value Estimation
      $965,000
      7,790 SF

      18202 Wright St

      SHOPPING CENTER, STRIP CENTER • 7,790 SF
      18202 Wright St, Omaha, NE 68130-2883
      View Details
    • Value Estimation
      $1,240,000
      10,056 SF

      3808 203rd Plz

      SHOPPING CENTER, STRIP CENTER • 10,056 SF
      3808 203rd Plz, Omaha, NE 68130-6402
      View Details

    Similar Nearby for Sale

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      1.02 Acres

      Omaha Commercial Land - 1.02 Acres

      High-traffic outlot, prime location.
      18375 Wright St, Omaha, NE 68130
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    Similar Nearby for Lease

    • $23 SF/Yr
      2,553 SF

      Retail Space Near Super Target

      Retail space available in a high-traffic Omaha location.
      2551 S 177Th Plz, Omaha, NE 68130
      View Details
    • Contact for pricing
      212,351 SF

      Lakeside Plaza Retail Center

      Omaha Retail Space: High Traffic, Prime Location
      17202 Lakeside Hills Plz, Omaha, NE 68130
      View Details
    • Contact for pricing
      1,303 SF

      Retail Spaces in Omaha Center

      Retail spaces available in West Omaha shopping center.
      18210 Wright St, Omaha, NE 68130
      View Details
    • $20 SF/Yr
      35,373 SF

      Shoppes at Lakeside Office Space

      Prime Douglas County office space available. High traffic, ample parking.
      16909 Lakeside Hills Plz, Omaha, NE 68130
      View Details
    • Contact for pricing
      8,000 SF

      Future Retail and Flex Space

      Future retail and flex space available for lease.
      18521 Wright St, Omaha, NE 68130
      View Details
    • $19 SF/Yr
      1,293 SF

      Retail Space with Kitchen

      Built-out retail space with kitchen area available for sublease.
      2555-2587 S 171St Ct, Omaha, NE 68130
      View Details
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    Omaha, NE 68130
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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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