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2908 K St Omaha, NE 68107-1660

OFF-MARKET Warehouses Google Maps
5,522 SF 1.89 ac lot Built 1929
Individually Owned 1-yr Hold Free & Clear
Estimated value (blended)
$535k
Range $482k – $589k (±10%)
Property ID US57-0124345

Property summary

AI-generated overview

This Omaha, Nebraska industrial complex presents a unique redevelopment opportunity. The property encompasses three separate buildings totaling 14,427 net rentable square feet on a 1.9-acre lot, zoned for industrial use. Built between 1927 and 1934, with renovations completed in 2022, the buildings feature 20-foot ceilings, two loading docks, and two dock-high doors. Currently, the complex has 33% occupancy (June 1, 2024 occupancy date), with two of the three units leased at $3,300 and $3,000 per month respectively. The property offers significant value-add potential, including an additional graded and fenced acre of land suitable for expansion or additional parking. Its prime location provides easy access to I-80, I-480, and the Kennedy Freeway, making it ideal for distribution and logistics. The asking price is $1,195,000, representing a price per unit of $398,333.33. Seller financing and replat options are available. This fee-simple ownership opportunity is perfect for owner-users or investors seeking a sought-after industrial property in a strategic location. The property's APN is 2036280013.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1929
Total area 5,522 SF
Lot 1.89 ac (82,328 SF)
APN 2036280013
UPID US57-0124345

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
$745k
Comparable Approach Comparable
$543k
Blend (final) Blend
$535k

Owner & transaction history

since 2025
Last sale
$550,000
3 recorded transactions
2025
Price N/A
2025
Price N/A
2022
$550,000

Zoning & alternative use

Top alternative use upside
Retail stores $865,000 +58.0%
Medical building $835,000 +52.7%
Auto repair, garage $820,000 +50.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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