New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,690,000
Commercial real estate
18661 Elm Plz, Omaha, NE 68130-1903
Individually Owned
17-yr Hold
Free & Clear
Property ID
US57-0196947
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2009
Construction
FRAME
Total area
22,287 SF
Lot
7.74 ac (337,154 SF)
Zoning code
R6
APN
2117430471
UPID
US57-0196947
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
-
The Village on the Preserve | The Village at Mission Pines Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.26M
Comparable Approach
Comparable
$5.15M
Blend (final)
Blend
$4.69M
Owner & transaction history
Village On Preserve Apartments · 17 yrs held
Village On Preserve Apartments
since 2009
6 recorded transactions
Zoning & alternative use
R6 · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.3M
+134.3%
Neighborhood: shopping center
$4.2M
+33.4%
Retail stores
$3.5M
+11.5%
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%
$4,615,000
6.5%
$4,260,000
7%
$3,955,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,120,000
Current use
RESTAURANT
$7,315,000
Change: +134% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,165,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$3,480,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$3,365,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,305,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$3,250,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$3,040,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$4.69M
Range $4.22M – $5.16M · ±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
$210 / 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
$18,820,200
Assessed 2023
Previous assessed
$18,820,200
+0.0% YoY
Assessed land
$505,900
Assessed improvement
$18,314,300
Land market value
$505,900
Improvement market value
$18,314,300
Total market value
$18,820,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
9
Stories
3
Units
20
Rooms
20
Bathrooms
240
Total area
22,287 SF
Lot
7.74 ac (337,154 SF)
Zoning code
R6
APN
2117430471
UPID
US57-0196947
Jurisdiction
DOUGLAS
Zoning & alternative use
R6 · Omaha, NE
Zoning R6 · permitted uses
R6 · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
RESTAURANT
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
RETAIL STORES
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2009
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
9
Units
20
Rooms
20
Bathrooms
240
Lot
7.74 ac
Current owner
From public records · entity-resolved
Village On Preserve Apartments
Individual
Free & Clear · 17 yrs held
Mailing address
17070 WRIGHT PLZ STE #200, OMAHA, NE 68130-2249
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2009
—
Village On Preserve Apartments
Lanoha Center INC
Warranty Deed
related
—
—
—
Village On Preserve Apartments
—
Loan Modification
related
$823,291 · Bank Of The West
—
—
Village On Preserve Apartments
—
Deed Of Trust
related
$12,280,246 · Bank Of The West
—
—
Village On Preserve Apartments
—
Deed Of Trust
related
$12,280,246 · Bank Of The West
—
—
Village On Preserve Apts LLC
—
Deed Of Trust
related
$22,750,000 · Miscellaneous Ins Co
—
—
Village On Preserve Apartments
—
Deed Of Trust
related
$14,250,000 · Bank Of The West
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 18661 Elm Plz?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
