Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2823 16th St Omaha, NE 68110-2153

    • Retail space
    • 4,031 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Jan 15, 2020
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0243203
    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

    • Retail space

    Property Details for 2823 16th St

    Year built
    1919
    Lot size
    0.19 lot acres
    Property size
    4,031 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    1744290000
    APU
    1744290000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $285,000
      Market price range: $285k - $993k
      AI Estimate
      $281,000
      Market price range: $281k - $793k

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.937
    Latitude
    41.2848
    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
    $785
    $5,600
    $31,600
    $37,200
    -
    $5,600
    $31,600
    $37,200

    Comparable in this City

    • Value Estimation
      $250,000
      1,385 SF

      2623 Florence Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,385 SF
      2623 Florence Blvd, Omaha, NE 68110
      View Details
    • Value Estimation
      $355,000
      1,852 SF

      3125 24th St

      RETAIL STORES (PERSONAL SERVICES) • 1,852 SF
      3125 24th St, Omaha, NE 68110-1914
      View Details
    • Value Estimation
      $355,000
      2,262 SF

      Omaha, NE 68110

      RETAIL STORES (PERSONAL SERVICES) • 2,262 SF
      Omaha, NE 68110
      View Details
    • Value Estimation
      $145,000
      2,030 SF

      2201 24th St

      RETAIL STORES (PERSONAL SERVICES) • 2,030 SF
      2201 24th St, Omaha, NE 68110-2212
      View Details
    • Value Estimation
      $405,000
      5,600 SF

      2505 Abbott Plz

      RETAIL STORES (PERSONAL SERVICES) • 5,600 SF
      2505 Abbott Plz, Omaha, NE 68110-2773
      View Details
    • Value Estimation
      $355,000
      2,476 SF

      4426 Florence Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,476 SF
      4426 Florence Blvd, Omaha, NE 68110-1638
      View Details

    Similar Nearby for Sale

    • $3,650,000
      59,012 SF

      Omaha Industrial Sale-Leaseback

      59,012 SF Warehouse, Strong Cash Flow
      4225 Florence Blvd, Omaha, NE 68110
      View Details
    • $2,400,000
      12,320 SF

      Omaha Office Building: Prime Location

      12,300 SF Office Space, $2.4M
      5307 Lindbergh Dr, Omaha, NE 68110
      View Details
    • Contact for pricing

      Double Lot Near Airport

      Double lot near airport, downtown, and Carter Lake Sports Complex.
      5105 N 14Th St, Omaha, NE 68110
      View Details
    • $3,650,000
      59,012 SF

      Omaha Warehouse Space For Sale

      59,012 square foot warehouse available in Omaha, Nebraska.
      4225 Florence Blvd, Omaha, NE 68110
      View Details
    • Contact for pricing

      Vacant Lot in Omaha

      Vacant lot with endless potential in the heart of Omaha.
      2217 N 16Th St, Omaha, NE 68110
      View Details
    • $225,000

      Tenant-Ready Tri-Plex Opportunity

      Non-conforming triplex with separate access, ready for tenants.
      4901 N 14Th St, Omaha, NE 68110
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      8,335 SF

      Omaha Retail Space - 8,335 SF

      Former Family Dollar, high-traffic location.
      2601 16Th St, Omaha, NE 68110
      View Details
    • Contact for pricing
      1 SF

      Omaha Industrial Land Portfolio

      Multiple lots, flexible sizes, prime location
      13th & Locust St, Omaha, NE 68110
      View Details
    • $1,500 /Mo

      Omaha Land for Lease

      1-65 acres available for lease in North Downtown Omaha.
      1304 Manderson St, Omaha, NE 68110
      View Details
    • $795,000
      17,497 SF

      Industrial Property with Fenced Storage

      Lease or purchase opportunity with drive-in bays and storage.
      2611 Florence Blvd, Omaha, NE 68110
      View Details
    • $6 SF/Yr
      11,268 SF

      Omaha Flex Warehouse For Lease

      11,268 SF Flex Space, North Downtown Omaha
      1531 18Th St, Omaha, NE 68110
      View Details
    • Contact for pricing
      150,000 SF

      Industrial Warehouse Near Eppley Airfield

      150,000 SF Class A warehouse near Eppley Airfield.
      5906 Abbott Dr, Omaha, NE 68110
      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.
    2823 16th St
    Omaha, NE 68110-2153
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.