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Property profile & analytics
OFF-MARKET
Estimated value
$3,030,000
Grocery and convenience stores
2905 16th St Omaha, NE 68110-2003
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US57-0256678
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1967
Total area
14,444 SF
Lot
0.87 ac (37,820 SF)
APN
2250000000
UPID
US57-0256678
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
-
Chubb Foods Specialty Food Shop Supermarket
-
LibertyX Bitcoin ATM Atm
-
Byte Federal Bitcoin ATM (Chubbs Foods) Atm Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.69M
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$3.03M
Owner & transaction history
JR Convenience LLC · 1 yrs held
JR Convenience LLC
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+110.1%
Neighborhood: shopping center
$2.7M
+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%
$2,910,000
6.5%
$2,690,000
7%
$2,495,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,255,000
Current use
RESTAURANT
$4,740,000
Change: +110% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,700,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$2,180,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,145,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$2,110,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,025,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$3.03M
Range $2.73M – $3.33M · ±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
$210 / 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
$11,290
Tax year 2023
Assessed value
$535,100
Assessed 2023
Previous assessed
$535,100
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$16,300
Assessed improvement
$518,800
Land market value
$16,300
Improvement market value
$518,800
Total market value
$535,100
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1967
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
14,444 SF
Lot
0.87 ac (37,820 SF)
APN
2250000000
UPID
US57-0256678
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.3M
RESTAURANT
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1967
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
JR Convenience LLC
Entity
Mailing address
2905 N 16TH ST, OMAHA, NE 68110-2003
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
JR Convenience LLC
—
Deed
related
$1,450,000 · Charter West Bank
Dec 6, 2024
$500,000
JR Convenience LLC
Ronald S Meredith JR
Special Warranty Deed
$490,000 · Ronald Meredith
—
—
Ronald S Meredith JR.
—
Deed Of Trust
related
$101,259 · American National Bank & Trust
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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