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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Drug stores
2605 171st St Omaha, NE 68130-2389
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US57-1133004
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2000
Total area
15,048 SF
Lot
1.69 ac (73,616 SF)
Zoning code
MU
APN
1604020122
UPID
US57-1133004
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Craig G. Reha, PharmD Pharmacy
-
Christopher A. Houston, PharmD Pharmacy
-
Rachel S. Rich, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.00M
Owner & transaction history
Village Development Center Stret L · 1 yrs held
Village Development Center Stret L
since 2024
4 recorded transactions
Zoning & alternative use
MU · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MU mixed use district is intended to accommodate projects that combine several compatible land uses into an integrated development consistent with the goals and policies of the land use and urban design elements of the city's comprehensive plan
Zone name
Mixed Use District
General category
MIXED_USE
Zone area
3,288.99 ac
Source
Realmo
Top alternative use upside
Restaurant
$4.9M
+110.1%
Neighborhood: shopping center
$2.8M
+19.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,035,000
6.5%
$2,800,000
7%
$2,600,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,350,000
Current use
RESTAURANT
$4,940,000
Change: +110% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,810,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$2,275,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,235,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$2,195,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,110,000
Change: -10% · Conversion: Easy
WAREHOUSE, STORAGE
$2,055,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±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
$199 / 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
$62,216
Tax year 2023
Assessed value
$2,959,200
Assessed 2023
Previous assessed
$2,959,200
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,031,300
Assessed improvement
$1,927,900
Land market value
$1,031,300
Improvement market value
$1,927,900
Total market value
$2,959,200
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2000
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
15,048 SF
Lot
1.69 ac (73,616 SF)
Zoning code
MU
APN
1604020122
UPID
US57-1133004
Jurisdiction
DOUGLAS
Zoning & alternative use
MU · Omaha, NEZoning MU · permitted uses
MU · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MU mixed use district is intended to accommodate projects that combine several compatible land uses into an integrated development consistent with the goals and policies of the land use and urban design elements of the city's comprehensive plan
Zone name
Mixed Use District
General category
MIXED_USE
Zone area
3,288.99 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.4M
RESTAURANT
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.1M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2000
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Village Development Center Stret L
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
—
Village Development Center Stret L
—
Deed
related
$2,773,686 · Cornhusker Bank
Oct 7, 2021
—
Village Development Center Street L
—
Deed
related
$2,500,000 · Cornhusker Bank
Aug 3, 2020
—
Village Development Center Street L
—
Deed
related
$2,509,545 · First Westroads Bank INC
—
—
Village Dev-center Street LLC
—
Deed Of Trust
related
$2,600,000 · Great Sthrn 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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