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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Office buildings
268 115th St Omaha, NE 68154-2502
Entity Owned
~
Est. High Equity
Property ID
US57-0203093
Property summary
AI-generated overview
Meadowlane Place, located at 268 N 115th St, Omaha, NE 68154, offers exceptional office space for lease. This two-building complex, built in 1974, comprises a total of 23,600 square feet and features both traditional and executive office suites. The property is conveniently situated near the intersection of 115th & Capitol Avenue, providing easy access to West Dodge Road and I-680. Multiple tenancy options are available, with suites ranging from a minimum of 194 square feet to a maximum contiguous space of 1,511 square feet. Currently, six spaces are immediately available. The building is served by OPPD power. The property is located in Douglas County, Nebraska, and offers a move-in-ready environment for businesses seeking efficient and well-located office space. The two-story building provides a variety of configurations to suit diverse business needs. Interested parties should inquire about available suite sizes and lease terms.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
11,800 SF
Lot
1.6 ac (69,696 SF)
Zoning code
LO
APN
1734311385
UPID
US57-0203093
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
-
Jackson Insurance Insurance Agency
-
Realcorp Real Estate Agency
-
Krysti Eggert Counselor
-
Crohn's & Colitis Foundation Charitable Organization Social Service Agency
-
PL Integrated Services Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.74M
Owner & transaction history
Purple Rose Property Group LLC
Purple Rose Property Group LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
LO · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+28.4%
Retail stores
$1.8M
+7.4%
Medical building
$1.8M
+3.8%
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
$1,735,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,715,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,205,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$1,845,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$1,780,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,750,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,655,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±10% · vs last sale $1.85M (May 29 2025)
Last sale anchor
$1.85M
May 29 2025
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
$147 / 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
$25,691
Tax year 2023
Assessed value
$1,217,700
Assessed 2023
Previous assessed
$1,217,700
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$567,800
Assessed improvement
$649,900
Land market value
$567,800
Improvement market value
$649,900
Total market value
$1,217,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
10
Total area
11,800 SF
Lot
1.6 ac (69,696 SF)
Zoning code
LO
APN
1734311385
UPID
US57-0203093
Jurisdiction
DOUGLAS
Zoning & alternative use
LO · Omaha, NE
Zoning LO · permitted uses
LO · 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
OFFICE BUILDING Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1974
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
10
Lot
1.6 ac
Current owner
From public records · entity-resolved
Purple Rose Property Group LLC
Entity
Mailing address
450 REGENCY PKWY STE #200, OMAHA, NE 68114-3777
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Purple Rose Property Group LLC
—
Deed
related
$2,000,000 · Frontier Bank
Aug 29, 2025
$1,794,181
Purple Rose Property Group LLC
3 Lab Realty LLC
Warranty Deed
—
Oct 31, 2022
$1,675,000
3 Lab Realty LLC
Meadowlane Place LLC
Warranty Deed
$1,340,000 · Equitable Bank
Nov 25, 2019
—
Sundance Properties LLC
—
Deed
related
$217,593 · American Nat'l Bk
Jul 15, 2013
—
Meadowlane Place LLC
Belgrade,sandra P
Warranty Deed
—
Feb 26, 2013
—
Robert L Belgrade
—
Trustees Deed
related
$225,000 · First Savings Bank
—
—
Sundance Properties LLC
—
Deed Of Trust
related
$217,593 · American 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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