Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2704 87th Ave Omaha, NE 68124-3045
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2704 87th Ave Omaha, NE 68124-3045

    View on Map
    • Retail space
    • 1,452 SF
    • 0.30 lot acres
    Off-Market
    Property ID
    US57-0124911
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Grey House Salon / Hair Salon

    Property Details for 2704 87th Ave

    Year built
    1951
    Lot size
    0.30 lot acres
    Property size
    1,452 SF
    Zone code
    LO
    Property type
    Retail space
    APN
    2036710000
    APU
    2036710000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0501
    Latitude
    41.234
    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
    $3,592
    $95,300
    $80,800
    $176,100
    -
    $95,300
    $80,800
    $176,100

    Comparable in this City

    • Value Estimation
      $2,190,000
      11,904 SF

      8448 Ctr Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,904 SF
      8448 Ctr Rd, Omaha, NE 68124-3137
      View Details
    • Value Estimation
      $1,435,000
      8,400 SF

      1320 72nd St

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      1320 72nd St, Omaha, NE 68124-1608
      View Details
    • Value Estimation
      $1,000,000
      5,951 SF

      1704 72nd St

      RETAIL STORES (PERSONAL SERVICES) • 5,951 SF
      1704 72nd St, Omaha, NE 68124-1702
      View Details
    • Value Estimation
      $1,425,000
      7,135 SF

      3529 72nd St

      RETAIL STORES (PERSONAL SERVICES) • 7,135 SF
      3529 72nd St, Omaha, NE 68124-3513
      View Details
    • Value Estimation
      $1,530,000
      4,370 SF

      3052 84th St

      RETAIL STORES (PERSONAL SERVICES) • 4,370 SF
      3052 84th St, Omaha, NE 68124-3215
      View Details
    • Value Estimation
      $1,460,000
      8,526 SF

      3003 84th St

      RETAIL STORES (PERSONAL SERVICES) • 8,526 SF
      3003 84th St, Omaha, NE 68124-3214
      View Details

    Similar Nearby for Sale

    • $19,000,000

      Established Retail Center in Omaha

      Fully occupied retail center on 18 acres near I-80.
      2910-3020 S 84Th St, Omaha, NE 68124
      View Details
    • Contact for pricing
      52,402 SF

      Adaptable Flex Space Available

      Flexible space suitable for retail, office, or light industrial use.
      2828 S 82Nd Ave, Omaha, NE 68124
      View Details
    • Contact for pricing
      203,351 SF

      Occupied Retail Center For Sale

      Fully occupied shopping center with established tenants for sale.
      2910 S 84Th St, Omaha, NE 68124
      View Details
    • $400,000
      0.26 Acres

      Residential Lot in Gated Community

      Luxury living opportunity in a gated community in District 66.
      8633 Loveland Estates Ct, Omaha, NE 68124
      View Details
    • $350,000
      0.33 Acres

      Residential Lot in Gated Community

      Luxury living opportunity in a gated community in Omaha, NE.
      8643 Loveland Estates Ct, Omaha, NE 68124
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,890 SF

      Retail Space on West Center

      Retail space with excellent visibility and signage available for rent.
      12103-12305 W Center Rd, Omaha, NE 68124
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space in Baker Square

      Retail space available in a strategically located shopping center.
      13203-13483 W Center Rd, Omaha, NE 68124
      View Details
    • $30 SF/Yr
      1,800 SF

      Retail Space Available For Rent

      Retail space available for lease, 1800 square feet.
      8990 W Center Rd, Omaha, NE 68124
      View Details
    • Contact for pricing
      7,230 SF

      Retail Space Available For Lease

      Retail space available for lease, approximately 1,690 square feet.
      3019-3037 S 83Rd Plz, Omaha, NE 68124
      View Details
    • $12 SF/Yr
      1,536 SF

      Omaha Retail Space Available

      Retail space available for lease in Omaha, Nebraska.
      3001-3017 S 83Rd Plz, Omaha, NE 68124
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 900 to 4,079 square feet.
      2501 South 90Th St, Omaha, NE 68124
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2704 87th Ave
    Omaha, NE 68124-3045
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!