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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3624 163rd Plz, Unit 2 Omaha, NE 68116-2164

    • Office buildings
    • 1,588 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    7.5%
    Office buildings
    Location Intelligence
    Property ID
    US57-0136256
    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

    • Hansen Chiropractic Wellness Center / Chiropractor
    • Dr. Jeffrey Groene / Chiropractor / Practitioner Service Location
    • Elkhorn Marketing Group / Marketing Agency

    Property Details for 3624 163rd Plz

    Year built
    2006
    Lot size
    0.24 lot acres
    Property size
    1,588 SF
    Property type
    Office buildings
    APN
    1711610902
    APU
    1711610902

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $345,000
      6.5%
      $320,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $340,000
      Market price range: $146k - $340k
      AI Estimate
      $260,000
      Market price range: $50.2k - $261k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $230,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $295,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $250,000
      Change: +7% Conversion: Moderate
      MEDICAL BUILDING
      $240,000
      Change: +4% Conversion: Easy
      AUTO REPAIR, GARAGE
      $235,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $220,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1693
    Latitude
    41.2911
    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
    $11,878
    $105,100
    $457,900
    $563,000
    -
    $105,100
    $457,900
    $563,000

    Comparable in this City

    • Value Estimation
      $285,000
      1,437 SF

      3520 163rd Plz, Unit 10

      OFFICE BUILDING • 1,437 SF
      3520 163rd Plz, Omaha, NE 68116-2109
      View Details
    • Value Estimation
      $285,000
      1,437 SF

      3620 163rd Plz, Unit 3

      OFFICE BUILDING • 1,437 SF
      3620 163rd Plz, Omaha, NE 68116-2164
      View Details
    • Value Estimation
      $285,000
      1,437 SF

      3606 163rd Plz, Unit 6

      OFFICE BUILDING • 1,437 SF
      3606 163rd Plz, Omaha, NE 68116-2164
      View Details
    • Value Estimation
      $350,000
      10,597 SF

      4303 156th St

      OFFICE BUILDING • 10,597 SF
      4303 156th St, Omaha, NE 68116
      View Details
    • Value Estimation
      $505,000
      14,400 SF

      3803 153rd St

      OFFICE BUILDING • 14,400 SF
      3803 153rd St, Omaha, NE 68116-5175
      View Details
    • Value Estimation
      $315,000
      1,588 SF

      3516 163rd Plz, Unit 11

      OFFICE BUILDING • 1,588 SF
      3516 163rd Plz, Omaha, NE 68116-2106
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Omaha Mixed-Use Development Opportunity

      Nine Buildings, 1-5 Acres, Prime Location
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    • $587,400
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      Omaha Retail Outlot - Target Area

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      Prime Pad Site Opportunity

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      Prime Land Near 168th & Maple

      Land ready for development near major retailers in Omaha.
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    • $1,502,200

      Omaha Residential Land Opportunity

      58 villa/condo lots in established NW Omaha area.
      5911 N Plz, Omaha, NE 68116
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    • Contact for pricing

      Omaha Commercial Land - Three Prime Pads

      High-traffic Omaha location, near Costco & new high school.
      180 180Th St, Omaha, NE 68116
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    Similar Nearby for Lease

    • $27 SF/Yr
      213,800 SF

      Maple 180: Omaha Office Space

      Modern Omaha office, flexible spaces available.
      0 Maple Rd, Omaha, NE 68116
      View Details
    • $23 SF/Yr
      12 SF

      New Retail/Office/Medical Building For Lease

      New building suitable for retail, office, and medical tenants.
      16510 Bedford Ave, Omaha, NE 68116
      View Details
    • $15 SF/Yr
      1,991 SF

      Retail Space with Patio Seating

      Former bar space available for lease with outside patio.
      15230 W Maple Rd, Omaha, NE 68116
      View Details
    • Contact for pricing
      1,405 SF

      Retail Space in Shoppes at Grayhawk

      Retail space available in a busy shopping center.
      14505 W Maple Rd, Omaha, NE 68116
      View Details
    • $18 SF/Yr
      1,505 SF

      Retail Space with High Visibility

      Retail space with great visibility and ample parking available for lease.
      3510 N 167Th Cir, Omaha, NE 68116
      View Details
    • Contact for pricing
      220,998 SF

      Omaha Retail Center Investment Opportunity

      Prime Omaha retail space available.
      14455 Maple Rd, Omaha, NE 68116
      View Details
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    Omaha, NE 68116-2164
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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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