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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Apartment buildings
2312 Howard St Omaha, NE 68102-2412
Entity Owned
15-yr Hold
Property ID
US57-0010234
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,160 SF
Lot
0.33 ac (14,400 SF)
Zoning code
DS
APN
2316550000
UPID
US57-0010234
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$515k
Owner & transaction history
Hci Real Estate Co · 15 yrs held
Hci Real Estate Co
since 2011
3 recorded transactions
Zoning & alternative use
DS · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$805,000
+43.2%
Medical building
$780,000
+38.4%
Auto repair, garage
$765,000
+36.0%
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
$365,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$565,000
Current use
RETAIL STORES
$805,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$780,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$765,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: +28% · Conversion: Moderate
OFFICE BUILDING
$650,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$100 / 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
$454,900
Assessed 2023
Previous assessed
$454,900
+0.0% YoY
Assessed land
$288,000
Assessed improvement
$166,900
Land market value
$288,000
Improvement market value
$166,900
Total market value
$454,900
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
6
Rooms
6
Total area
5,160 SF
Lot
0.33 ac (14,400 SF)
Zoning code
DS
APN
2316550000
UPID
US57-0010234
Jurisdiction
DOUGLAS
Zoning & alternative use
DS · Omaha, NE
Zoning DS · permitted uses
DS · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$565,000
RETAIL STORES
Est. value
$805,000
MEDICAL BUILDING
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$725,000
OFFICE BUILDING
Est. value
$650,000
APARTMENT HOUSE (5+ UNITS) Current
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
6
Rooms
6
Lot
0.33 ac
Current owner
From public records · entity-resolved
Hci Real Estate Co
Entity
Mailing address
PO BOX 390, WINNEBAGO, NE 68071-0390
Ownership since
2011
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
Mar 29, 2011
$125,000
Hci Real Estate Co
Restored Hope
Warranty Deed
—
Sep 2, 2005
$295,000
Hope Restored
Yorkshire Dev Ltd
Warranty Deed
$248,000 · Yorkshire Dev Ltd
—
—
Hci Real Estate Co
—
Deed Of Trust
related
$2,000,000 · Liberty Nat'l Bk
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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