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Property profile & analytics
OFF-MARKET
Estimated value
$9,215,000
Hotels
203 18th St Omaha, NE 68102-1719
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US57-1031896
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1910
Total area
60,984 SF
Lot
0.22 ac (9,372 SF)
APN
311010003
UPID
US57-1031896
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 Peregrine Omaha Downtown, Curio Collection by Hilton Hotel & Motel
-
Habitat Restaurant & Bar Restaurant
-
The Takeoff Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.12M
Blend (final)
Blend
$9.22M
Owner & transaction history
203 S 18th St Propco LLC · 2 yrs held
203 S 18th St Propco LLC
since 2023
Last sale
$12.9M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.4M
+75.3%
Retail stores
$9.5M
+46.6%
Medical building
$9.2M
+41.7%
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
$12,805,000
ML approach
$9,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,500,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,395,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$9,530,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$9,210,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,050,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,545,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$7,675,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$9.22M
Range $8.29M – $10.14M · ±10% · vs last sale $12.89M (Dec 27 2023)
Last sale anchor
$12.89M
Dec 27 2023
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
$151 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$194,860
Tax year 2023
Assessed value
$9,236,000
Assessed 2023
Previous assessed
$9,236,000
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$299,900
Assessed improvement
$8,936,100
Land market value
$299,900
Improvement market value
$8,936,100
Total market value
$9,236,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1910
Heating
YES
Cooling
YES
Stories
7
Units
90
Rooms
90
Total area
60,984 SF
Lot
0.22 ac (9,372 SF)
APN
311010003
UPID
US57-1031896
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
HOTEL/MOTEL Current
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.4M
RETAIL STORES
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$8.5M
OFFICE BUILDING
Est. value
$7.7M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1910
Heating
YES
Cooling
Yes
Stories
7
Units
90
Rooms
90
Lot
0.22 ac
Current owner
From public records · entity-resolved
203 S 18th St Propco LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1290 W SPG ST SE STE #280, SMYRNA, GA 30080-3687
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$12,886,879
203 S 18th St Propco LLC
18th Street Omaha LLC
Deed
—
Jun 28, 2018
—
18th Street Omaha LLC
—
Grant Deed
related
$10,860,000 · Avana Cap
Nov 3, 2016
$1,500,000
18th Street Omaha LLC
Woodmen Of World Life Ins Society
Warranty Deed
$1,035,000 · Sehal III LLC
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.
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