Add Listing
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

    3120 108th St Omaha, NE 68164-2901

    • Car washes
    • 5,528 SF
    • 1.23 lot acres
    OFF-MARKET
    Last Sale
    May 24, 2021
    $850,000
    Value Estimations
    $885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0133115
    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

    • Club Car Wash / Car Wash

    Property Details for 3120 108th St

    Year built
    2021
    Lot size
    1.23 lot acres
    Property size
    5,528 SF
    Property type
    Car washes
    APN
    1306361490
    APU
    1306361490

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $990,000
      ML approach
      $985,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $756,000
      Market price range: $261k - $757k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $820,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,035,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $865,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $835,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $805,000
      Change: -2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $775,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0822
    Latitude
    41.2869
    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
    $26,986
    $519,800
    $759,300
    $1,279,100
    -
    $519,800
    $759,300
    $1,279,100

    Comparable in this City

    • Value Estimation
      $1,975,000
      14,580 SF

      3402 120th St

      AUTO REPAIR, GARAGE • 14,580 SF
      3402 120th St, Omaha, NE 68164-2523
      View Details
    • Value Estimation by Request
      1,726 SF

      3308 108th St

      AUTO REPAIR, GARAGE • 1,726 SF
      3308 108th St, Omaha, NE 68164-2905
      View Details
    • Value Estimation
      $930,000
      6,954 SF

      5115 108th St

      AUTO REPAIR, GARAGE • 6,954 SF
      5115 108th St, Omaha, NE 68164-2145
      View Details
    • Value Estimation
      $1,095,000
      8,238 SF

      12020 Emmet St

      AUTO REPAIR, GARAGE • 8,238 SF
      12020 Emmet St, Omaha, NE 68164-4200
      View Details
    • Value Estimation by Request
      1,829 SF

      3845 132nd St

      AUTO REPAIR, GARAGE • 1,829 SF
      3845 132nd St, Omaha, NE 68164-1869
      View Details
    • Value Estimation
      $745,000
      5,520 SF

      4120 132nd St

      AUTO REPAIR, GARAGE • 5,520 SF
      4120 132nd St, Omaha, NE 68164-1842
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,431 SF

      Freestanding Restaurant Building with Drive-Thru

      3,431 SF restaurant with drive-thru on 1.07 acres.
      3949 N 132Nd St, Omaha, NE 68164
      View Details
    • $595,000
      1.46 Acres

      Omaha Outparcel Investment Opportunity

      1.46-acre commercial land, prime location.
      0 132Nd St, Omaha, NE 68164
      View Details
    • $1,475,000
      1.89 Acres

      Omaha Commercial Land - 1.89 Acres

      Mixed-use zoned land, prime Omaha location.
      11010 Blondo St, Omaha, NE 68164
      View Details
    • Contact for pricing

      Omaha Residential Land Investment

      Residential land in West Omaha, great investment opportunity.
      2530 N 139Th St, Omaha, NE 68164
      View Details
    • $674,307
      1.66 Acres

      Omaha Commercial Land Investment Opportunity

      Three lots, flexible zoning, prime location.
      111th St And Blondo St, Omaha, NE 68164
      View Details
    • Contact for pricing

      Omaha Residential Land Investment

      Residential land in West Omaha, great investment opportunity.
      2222 N 137Th St, Omaha, NE 68164
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,700 SF

      Retail Space Near Family Fare

      Retail space with ample parking across from Family Fare.
      2906 N 108Th St, Omaha, NE 68164
      View Details
    • $7 SF/Yr
      39,420 SF

      Prime Omaha Office Space

      Northwest Omaha, 16,476 SF Available
      10826 Emmet St, Omaha, NE 68164
      View Details
    • $16 SF/Yr
      37,818 SF

      Omaha Retail Plaza Investment Opportunity

      High-traffic strip mall, 2 buildings, 20 suites.
      14242 Fort St, Omaha, NE 68164
      View Details
    • $15 SF/Yr
      10,677 SF

      Omaha Office Space: Stonegate Circle

      Prime Omaha office space, 10,677 sq ft.
      11707 Stonegate Cir, Omaha, NE 68164
      View Details
    • $13 SF/Yr
      28,238 SF

      Omaha Retail Center - Prime Location

      High-traffic retail space, 3,600 sq ft available.
      3310 108Th St, Omaha, NE 68164
      View Details
    • Contact for pricing
      960 SF

      Retail Spaces Available for Lease

      Retail spaces available with excellent visibility and signage opportunities.
      2055-2076 N 117Th Ave, Omaha, NE 68164
      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.
    3120 108th St
    Omaha, NE 68164-2901
    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.
    Sign Up Successful!
    You now have access to more from Realmo!