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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Strip malls
3029 Menke Cir Omaha, NE 68134
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US57-0101104
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Total area
6,952 SF
Lot
0.71 ac (31,100 SF)
Zoning code
CC
APN
1739610225
UPID
US57-0101104
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Loving Homes Services LLC · 2 yrs held
Loving Homes Services LLC
since 2024
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
CC · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This community commercial district is intended for commercial facilities which serve the needs of several neighborhoods. Allowed commercial and office uses are generally compatible with nearby residential areas
Zone name
Community Commercial District
General category
COMMERCIAL
Zone area
2,464.67 ac
Source
Realmo
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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Feb 2 2024)
Last sale anchor
$525k
Feb 2 2024
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
$76 / 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
$9,133
Tax year 2023
Assessed value
$432,900
Assessed 2023
Previous assessed
$432,900
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$83,300
Assessed improvement
$349,600
Land market value
$83,300
Improvement market value
$349,600
Total market value
$432,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1970
Heating
YES
Cooling
YES
Stories
1
Units
4
Total area
6,952 SF
Lot
0.71 ac (31,100 SF)
Zoning code
CC
APN
1739610225
UPID
US57-0101104
Jurisdiction
DOUGLAS
Zoning & alternative use
CC · Omaha, NEZoning CC · permitted uses
CC · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This community commercial district is intended for commercial facilities which serve the needs of several neighborhoods. Allowed commercial and office uses are generally compatible with nearby residential areas
Zone name
Community Commercial District
General category
COMMERCIAL
Zone area
2,464.67 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Heating
YES
Cooling
Yes
Stories
1
Units
4
Lot
0.71 ac
Current owner
From public records · entity-resolved
Loving Homes Services LLC
Entity
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$525,000
Loving Homes Services LLC
Beverly J Schelling
Warranty Deed
$420,000 · First National Bank Of Omaha
Mar 20, 2020
—
Beverly J Schelling
—
Deed
related
$250,000 · Wells Fargo Bank NA
Mar 6, 2017
—
Beverly J Schelling
—
Deed
related
$100,000 · Other Institutional Lenders
Jan 22, 2010
$450,000
Beverly J Schelling
Campbell,seth V & Heather C
Warranty Deed
$670,000 · Foundation First Bank
Dec 30, 2009
$376,008
Seth V Campbell
C5 LLC
Quit Claim Deed
related
$375,490 · C5 LLC
Sep 23, 2005
—
C5 LLC
Campbell,robert R & Marjorie L
Quit Claim Deed
related
—
—
—
Beverly J Schelling
—
Deed Of Trust
related
$624,000 · Wells Fargo Bk
—
—
Beverly J Schelling
—
Deed Of Trust
related
$100,000 · Other Institutional Lenders
—
—
Beverly J Schelling
—
Deed Of Trust
related
$668,000 · Great Western Bank
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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