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    Property profile & analytics

    3253 Dodge St Omaha, NE 68131

    • Grocery and convenience stores
    • 17,112 SF
    • 0.39 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    $460,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1072627
    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

    • Wohlner's Neighborhood Grocery & Deli / Deli / Lunch Restaurant
    • Element Hotel ATM / Atm
    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Element Omaha Midtown Crossing / Hotel / Meeting Planning Service

    Property Details for 3253 Dodge St

    Year built
    2010
    Lot size
    0.39 lot acres
    Property size
    17,112 SF
    Property type
    Grocery and convenience stores
    APN
    1741740151
    APU
    1741740151

    Description

    This exceptional retail condo, totaling 16,982 square feet, presents a remarkable investment opportunity in Omaha's vibrant Midtown Crossing. Built in 2010, the property boasts a highly desirable location at the corner of 33rd and Dodge Streets, a four-way signalized intersection experiencing 32,000 vehicles daily. The space is currently vacant and offers significant potential for a variety of retail uses. Previously occupied by a grocery store, the layout is adaptable and well-suited for a range of businesses. The property is zoned MU (Mixed Use) within Douglas County, Nebraska, and features convenient access to a substantial 660-stall attached parking garage, ensuring ample parking for customers and employees. This prime location, combined with the significant square footage and convenient parking, makes this an unparalleled opportunity for a discerning investor or retailer seeking a high-traffic, high-visibility location in a thriving Omaha neighborhood. The address is 3253 Dodge St, Omaha, NE 68131, and the cross street is 33rd Street. The single building is situated in a dynamic area with excellent visibility and accessibility. This is a rare chance to acquire a substantial retail space in a sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.961
    Latitude
    41.2595
    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
    $75,729
    $252,500
    $3,331,900
    $3,584,400
    -
    $252,500
    $3,331,900
    $3,584,400

    Comparable in this City

    • Value Estimation by Request
      1,664 SF

      101 30th St

      CONVENIENCE STORE • 1,664 SF
      101 30th St, Omaha, NE 68131-2634
      View Details
    • Value Estimation
      $315,000
      2,064 SF

      4429 California St

      CONVENIENCE STORE • 2,064 SF
      4429 California St, Omaha, NE 68131-1743
      View Details
    • Value Estimation
      $985,000
      2,000 SF

      828 40th St

      GROCERY, SUPERMARKET • 2,000 SF
      828 40th St, Omaha, NE 68131
      View Details
    • Value Estimation by Request
      1,530 SF

      503 33rd St

      CONVENIENCE STORE • 1,530 SF
      503 33rd St, Omaha, NE 68131-2030
      View Details
    • Value Estimation
      $345,000
      2,392 SF

      Omaha, NE 68131

      CONVENIENCE STORE • 2,392 SF
      Omaha, NE 68131
      View Details
    • Value Estimation
      $90,000
      4,839 SF

      532 33rd St

      GROCERY, SUPERMARKET • 4,839 SF
      532 33rd St, Omaha, NE 68131-2031
      View Details

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    Similar Nearby for Lease

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    • $12 SF/Yr
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      Retail Space Near Creighton University

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    • $20 SF/Yr
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      Midtown Omaha Retail Condo Opportunity

      Prime 16,982 SF Retail Space, Omaha, NE
      3253 Dodge St, Omaha, NE 68131
      View Details
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    3253 Dodge St
    Omaha, NE 68131
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    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
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