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    Property profile & analytics

    2406 Fowler Ave Omaha, NE 68111

    • Office buildings
    • 26,099 SF
    • 1.42 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0249017
    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

    • Eastern Nebraska Community Action Partnership / Charitable Organization / Social Service Agency
    • Food Distribution Center - Greater Omaha Community Action / Food Bank / Charitable Organization
    • Goca Behavioral Health Services / Home Health Care Service
    • Stacie L. Darden, Pladc / Counselor
    • Encap - Food Distribution Center / Food Bank / Charitable Organization

    Property Details for 2406 Fowler Ave

    Year built
    1971
    Lot size
    1.42 lot acres
    Property size
    26,099 SF
    Property type
    Office buildings
    APN
    1222340002
    APU
    1222340002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,808,000
      Market price range: $2.40M - $5.59M
      AI Estimate
      $2,529,000
      Market price range: $825k - $4.28M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,810,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,875,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $4,080,000
      Change: +7% Conversion: Moderate
      MEDICAL BUILDING
      $3,940,000
      Change: +4% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,875,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,655,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9477
    Latitude
    41.3014
    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
    $200
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,534 SF

      4101 Grant St

      OFFICE BUILDING • 3,534 SF
      4101 Grant St, Omaha, NE 68111-3404
      View Details
    • Value Estimation by Request
      3,200 SF

      2858 Sprague St

      OFFICE BUILDING • 3,200 SF
      2858 Sprague St, Omaha, NE 68111-2450
      View Details
    • Value Estimation
      $600,000
      4,928 SF

      4344 34th Ave

      OFFICE BUILDING • 4,928 SF
      4344 34th Ave, Omaha, NE 68111-2754
      View Details
    • Value Estimation
      $1,355,000
      11,174 SF

      3005 Emmet St

      OFFICE BUILDING • 11,174 SF
      3005 Emmet St, Omaha, NE 68111-3269
      View Details
    • Value Estimation by Request
      1,113 SF

      3744 Lk St

      OFFICE BUILDING • 1,113 SF
      3744 Lk St, Omaha, NE 68111-3551
      View Details
    • Value Estimation by Request
      2,928 SF

      Omaha, NE 68111

      OFFICE BUILDING • 2,928 SF
      Omaha, NE 68111
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,148 SF

      Adaptable Office and Community Space

      Versatile office building with potential for various uses.
      2406 Fowler Ave, Omaha, NE 68111
      View Details
    • Contact for pricing

      Omaha Cleared Lot For Sale

      Cleared lot in growing Omaha neighborhood, ideal for development.
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    • Contact for pricing
      0.13 Acres

      Omaha Vacant Residential Lot

      Vacant lot with endless potential in the heart of Omaha.
      3502 N 29Th St, Omaha, NE 68111
      View Details
    • $47,000

      Vacant Lot in Omaha

      Vacant commercial lot with endless potential in Omaha, Nebraska.
      3555 N 36Th Ave, Omaha, NE 68111
      View Details
    • Contact for pricing

      Residential Land in Developing Area

      Land for residential development with no builder attached in Omaha.
      2710 N 32Nd St, Omaha, NE 68111
      View Details
    • Contact for pricing
      0.07 Acres

      Mid-Town Lot Opportunity

      Residential lot in established neighborhood, ideal for tiny home.
      4204 Ames Ave, Omaha, NE 68111
      View Details
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    2406 Fowler Ave
    Omaha, NE 68111
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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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