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

    2951 120th St Omaha, NE 68144-4383

    • Commercial real estate
    • 24,540 SF
    • 1.36 lot acres
    OFF-MARKET
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0227790
    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

    • Commercial real estate

    Property Details for 2951 120th St

    Year built
    1998
    Construction
    FRAME
    Lot size
    1.36 lot acres
    Property size
    24,540 SF
    Property type
    Commercial real estate
    APN
    2532187719
    APU
    2532187719

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $657,000
      Market price range: $657k - $1.20M

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1003
    Latitude
    41.2315
    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
    $39,525
    $119,000
    $1,754,400
    $1,873,400
    -
    $119,000
    $1,754,400
    $1,873,400

    Comparable in this City

    • Value Estimation
      $1,670,000
      12,852 SF

      2222 142nd Ct

      COMMERCIAL (GENERAL) • 12,852 SF
      2222 142nd Ct, Omaha, NE 68144-2202
      View Details
    • Value Estimation
      $1,360,000
      15,792 SF

      11420 Elm St

      COMMERCIAL (GENERAL) • 15,792 SF
      11420 Elm St, Omaha, NE 68144
      View Details
    • Value Estimation
      $860,000
      6,468 SF

      2332 Vlg Ct

      COMMERCIAL (GENERAL) • 6,468 SF
      2332 Vlg Ct, Omaha, NE 68144
      View Details
    • Value Estimation by Request
      6,384 SF

      2721 134th Ave

      COMMERCIAL (GENERAL) • 6,384 SF
      2721 134th Ave, Omaha, NE 68144-3421
      View Details
    • Value Estimation by Request
      1,501 SF

      10800 Ctr Rd

      COMMERCIAL (GENERAL) • 1,501 SF
      10800 Ctr Rd, Omaha, NE 68144
      View Details
    • Value Estimation by Request
      0.85 Acres

      120th & Pacific St Omaha

      Land • 0.85 Acres
      120th & Pacific St Omaha, Omaha, NE 68144
      View Details

    Similar Nearby for Sale

    • $700,000
      1.43 Acres

      Omaha Commercial Land - 1.43 Acres

      Prime Omaha land, 114+ parking stalls.
      14703 Wright St, Omaha, NE 68144
      View Details
    • $325,000
      0.46 Acres

      Residential Lots in Sterling Ridge

      Residential lots in premier neighborhood with mature landscaping and accessibility.
      1512 S St, Omaha, NE 68144
      View Details
    • $305,000
      0.53 Acres

      Omaha Residential Lot Opportunity

      Residential lot in the coveted Heartwood Estates neighborhood.
      1672 S Avenue Plz, Omaha, NE 68144
      View Details
    • $465,328
      1.06 Acres

      Residential Lots in Sterling Ridge

      Luxury residential lots in premier Omaha neighborhood, convenient location.
      1722 S 129 Plaza Cir, Omaha, NE 68144
      View Details
    • $2,100,000
      13,271 SF

      Omaha Office Building For Sale

      Office building with central location and recent capital improvements.
      2514 S 119Th St, Omaha, NE 68144
      View Details
    • $1,736,100
      12,820 SF

      Omaha Office Building For Sale

      Office building with 12,820 square feet of space.
      11263 Wright Cir, Omaha, NE 68144
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,830 SF

      Omaha Executive Office Space

      Prestigious Arbor West Office Park Suite Available
      11836-11932 Arbor St, Omaha, NE 68144
      View Details
    • $12 SF/Yr
      32,800 SF

      Montclair Office Suites - Omaha, NE

      Multiple Office Spaces Available in West Omaha
      13057 Center Rd, Omaha, NE 68144
      View Details
    • $17 SF/Yr
      13,232 SF

      Prime Retail Space - Former CVS

      13,232 SF Freestanding Retail Building
      2609 132Nd St, Omaha, NE 68144
      View Details
    • Contact for pricing
      176,774 SF

      Oak View Plaza: Retail Space Available

      Omaha Retail Center: Multiple spaces for lease.
      3309 Oak View Dr, Omaha, NE 68144
      View Details
    • $16 SF/Yr
      1,260 SF

      Finished Office Space For Rent

      Finished office space available in a quiet, campus-like setting.
      11930-11932 Arbor St, Omaha, NE 68144
      View Details
    • $23 SF/Yr
      3,200 SF

      Move-in-Ready Medical Office Space

      Medical office space available Fall 2025 in established medical building.
      11704 W Center Rd, Omaha, NE 68144
      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.
    2951 120th St
    Omaha, NE 68144-4383
    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.