Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2233 20th St Omaha, NE 68108-3853
    Property profile & analytics

    2233 20th St, Omaha, NE 68108-3853

    View on Map
    • Apartment buildings
    • 4,775 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Mar 13, 2023
    $310,000
    Property ID
    US57-1114459
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2233 20th St

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property type
    Apartment buildings
    APN
    1411630000
    APU
    1411630000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 13, 2023 $310,000 D Pack LLC Bellamini Properties LLC Warranty Deed $2M · Cogent Bank
    Aug 20, 2008 $42,000 Robert Auhll Keatino,michael D Warranty Deed —
    Aug 20, 2008 $55,666 Bellamini Properties LLC Auhll,robert & Phyllis Warranty Deed $25k · Robert & Phyllis Auhll
    — — Bellamini Properties LLC — Deed Of Trust · related $821k · First Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9418
    Latitude
    41.2387
    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
    $2,336
    $20,700
    $90,000
    $110,700
    -
    $20,700
    $90,000
    $110,700

    Comparable in this City

    • Value Estimation
      $505,000
      6,272 SF

      2701 13th St

      APARTMENT HOUSE (5+ UNITS)
      2701 13th St, Omaha, NE 68108-1525
      View Details
    • Value Estimation
      $2,970,000
      40,622 SF

      819 Dorcas St

      APARTMENT HOUSE (5+ UNITS)
      819 Dorcas St, Omaha, NE 68108-1144
      View Details
    • Value Estimation
      $510,000
      5,880 SF

      911 Frst Ave

      APARTMENT HOUSE (5+ UNITS)
      911 Frst Ave, Omaha, NE 68108-3644
      View Details
    • Value Estimation by Request
      4,152 SF

      2722 16th St

      APARTMENT HOUSE (5+ UNITS)
      2722 16th St, Omaha, NE 68108-1439
      View Details
    • Value Estimation by Request
      2,022 SF

      1401 10th St

      APARTMENT HOUSE (5+ UNITS)
      1401 10th St, Omaha, NE 68108-3604
      View Details
    • Value Estimation
      $555,000
      6,954 SF

      1409 Vinton St

      APARTMENT HOUSE (5+ UNITS)
      1409 Vinton St, Omaha, NE 68108-1597
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,986 SF

      Four-Unit Multifamily Investment Property

      Four-unit property with short-term and long-term rental income potential.
      2526 S 10Th St, Omaha, NE 68108
      View Details
    • $395,000

      Omaha Triplex with Income Potential

      Triplex with long-term tenants and Airbnb income near amenities.
      3206 S 23Rd St, Omaha, NE 68108
      View Details
    • New
      $339,000

      Omaha Multi-Family Investment Opportunity

      Four-unit property in South Omaha with income and value-add potential.
      1924 S 17Th St, Omaha, NE 68108
      View Details
    • Contact for pricing
      0.07 Acres

      Omaha Infill Lot Opportunity

      Infill lot near 13th Street corridor, minutes from downtown.
      1409 Center St, Omaha, NE 68108
      View Details
    • Contact for pricing

      Omaha Land Parcel For Sale

      One-acre commercial land parcel in Little Italy, Omaha.
      720 Pacific St, Omaha, NE 68108
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Omaha Land and Building Lease

      Land and building for lease in downtown Omaha.
      1750 Mason St, Omaha, NE 68108
      View Details
    • Contact for pricing
      12,600 SF

      Omaha Warehouse Space Available

      12,600 SF warehouse space for rent in Omaha, Nebraska.
      1200 S 17Th St, Omaha, NE 68108
      View Details
    • Contact for pricing
      2,100 SF

      Prime Retail Space Available

      Street-level retail space in a thriving neighborhood with built-in customer base.
      1440 S 13Th St, Omaha, NE 68108
      View Details
    • Contact for pricing

      Versatile Space with On-Site Parking

      18,559 SF space suitable for various creative ventures.
      801 S 16Th St, Omaha, NE 68108
      View Details
    • Contact for pricing
      10,239 SF

      Industrial Space Available For Lease

      Industrial property offering 10239 square feet for lease.
      1210 S 17Th St, Omaha, NE 68108
      View Details
    • Contact for pricing
      713 SF

      Historic Building and Parking Lot

      Corner lot featuring a historic building and parking availability.
      2703 S 10Th St, Omaha, NE 68108
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2233 20th St
    Omaha, NE 68108-3853
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2233 20th St, Omaha, NE, 68108
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!