Technical
Financial
Distress signals
Property profile

3909 Farnam St Omaha, NE 68131

OFF-MARKET
Retail space
Property ID
US57-1077392
5,958 SF 0.22 ac lot Built 1955
Entity Owned 16-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a prime Omaha, Nebraska, commercial property located at 3909 Farnam Street, within the vibrant Blackstone District. The property, encompassing 5,686 square feet on a 0.21-acre lot (APN 1310260002), is a Class A, two-story building constructed in 1953 and extensively renovated in 2016. Currently, the first floor houses the thriving Renos Karaoke bar, occupying 2,795 square feet and featuring private rooms and a patio. This successful business offers immediate lease income. The second floor provides an additional 2,891 square feet of vacant restaurant space, ready for immediate occupancy or lease. This space boasts hardwood floors, a built-in bar, a full kitchen (with all equipment included), and access to an outdoor patio. The property is zoned GC and benefits from a large private parking lot accessible from Harney Street, catering to both tenants and patrons. High daytime foot traffic in the Blackstone District adds significant value to this turnkey operation. This is a rare opportunity to acquire a well-established business with significant expansion potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Total area 5,958 SF
Lot 0.22 ac (9,669 SF)
APN 1310260004
UPID US57-1077392

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

3909 Farnam St Omaha, NE 68131-3013
Omaha metro Census 4300 OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$335k

Owner & transaction history

since 2010
2 recorded transactions
2025
Price N/A
2010
$375,000

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $1.1M +19.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3909 Farnam St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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