2601 Abbott Plz Omaha, NE 68110-2775
Property profile & analytics
2601 Abbott Plz Omaha, NE 68110-2775
- Motels
- 59,016 SF
- 1.87 lot acres
Property ID
US57-1050468
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.
Location Intelligence
Current Use by Public Records
- Candlewood Suites Omaha Airport, an IHG Hotel / Hotel & Motel
Property Details for 2601 Abbott Plz
- Year built
- 2008
- Lot size
- 1.87 lot acres
- Property size
- 59,016 SF
- Property type
- Motels
- APN
- 500040162
- APU
- 500040162
Description
This exceptional 82-key, four-story Candlewood Suites hotel, built in 2009, presents a compelling investment opportunity. Located at 2601 Abbott Plaza, Omaha, Nebraska, 68110, this property benefits from its proximity to Eppley Airfield, attracting a consistent stream of airport travelers, business professionals, and tourists. The hotel is part of the InterContinental Hotels Group, ensuring brand recognition and consistent quality. A recent Property Improvement Plan (PIP) has been completed by the owner, enhancing the property's appeal and operational efficiency. Each suite features a full kitchen, catering to the extended-stay market. The hotel's strong financial performance is evident in its trailing twelve-month (TTM, May 2024) data, showcasing over $1.8 million in room revenue, a 64.8% occupancy rate, and an average daily rate (ADR) of $95.27. Furthermore, the hotel boasts a Net Operating Income (NOI) exceeding $600,000. This presents a unique opportunity for an operator to further capitalize on the hotel's potential by increasing ADR, occupancy, operational efficiencies, and guest satisfaction scores. The property is situated in Pottawattamie County and offers significant upside for the right investor.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,390,000
- ML approach
- $5,080,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,765,000
- 6.5%
- $4,400,000
- 7%
- $4,085,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,883,000
Market price range: $3.75M - $7.86M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $6,290,000 Current use
- OFFICE BUILDING
- $8,610,000 Change: +37% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $8,270,000 Change: +31% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Douglas
- State
- Nebraska
- Longitude
- -95.9106
- Latitude
- 41.2828
- 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
$62,332
$162,900
$2,791,500
$2,954,400
-
$162,900
$2,791,500
$2,954,400
