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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Strip malls
3655 129th St Omaha, NE 68164-5211
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US57-0138090
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Total area
24,783 SF
Lot
3.01 ac (131,116 SF)
APN
1003856575
UPID
US57-0138090
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
Current use
Occupant on record · Public records
-
Hiro 88 West Maple Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.66M
CAP Approach
CAP
$5.11M
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$4.40M
Owner & transaction history
Ajv Properties LLC · 4 yrs held
Ajv Properties LLC
since 2021
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,320,000
ML approach
$4,655,000
CAP Approach
CAP Return
Estimation
6%
$5,530,000
6.5%
$5,105,000
7%
$4,740,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,630,000
Current use
RETAIL STORES
$3,870,000
Change: -16% · Conversion: Easy
MEDICAL BUILDING
$3,745,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $3.71M (Nov 23 2021)
Last sale anchor
$3.71M
Nov 23 2021
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
$178 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$3,297,100
Assessed 2023
Previous assessed
$3,297,100
+0.0% YoY
Assessed land
$1,575,000
Assessed improvement
$1,722,100
Land market value
$1,575,000
Improvement market value
$1,722,100
Total market value
$3,297,100
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
1997
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
11
Total area
24,783 SF
Lot
3.01 ac (131,116 SF)
APN
1003856575
UPID
US57-0138090
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.6M
RETAIL STORES
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
11
Lot
3.01 ac
Current owner
From public records · entity-resolved
Ajv Properties LLC
Entity
Mailing address
5123 S 111TH ST, OMAHA, NE 68137-2341
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
$3,713,000
Ajv Properties LLC
Eagle Run Center LLC
Warranty Deed
$2,875,000 · First State Bank
Feb 28, 2018
—
Eagle Run Center LLC
—
Deed
related
$2,550,000 · Pinnacle Bk/sioux Cty
Mar 18, 2008
$3,181,000
Eagle Run Center LLC
Eagle Run Square LLC
Warranty Deed
related
$2,200,000 · Bank Of The West
—
—
Eagle Run Center LLC
—
Deed Of Trust
related
—
—
—
Eagle Run Center LLC
—
Deed Of Trust
related
$2,550,000 · Pinnacle Bk/sioux Cty
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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