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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Office buildings
4020 147th St Omaha, NE 68137-5409
Entity Owned
~
Est. High Equity
Property ID
US57-0219791
Property summary
AI-generated overview
The Altech Building offers five individual executive office suites for lease, ideally situated on the first floor of a two-story, 19,992 square foot Class B building. Constructed in 1998 and renovated in 2015, this property boasts a convenient location at the intersection of S 147th St & F St, offering easy access to Interstate 80/680. The building features one elevator and ample parking, a significant advantage for tenants and their clients. The mixed-use zoning allows for flexibility. This exceptional location places businesses within minutes of numerous amenities, including Oak View Mall, L Street Marketplace, various convenience stores, banks, and restaurants such as Charlie's on the Lake. Enjoy the proximity to Zorinsky Lake, providing scenic walking trails and park amenities for employees and visitors. The building's modern updates and convenient location make it an ideal choice for businesses seeking a professional and accessible workspace. This is a single building property with multiple tenancies.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
20,968 SF
Lot
1.53 ac (66,647 SF)
Zoning code
MU
APN
512230202
UPID
US57-0219791
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
-
Jaffery Insurance & Financial Services Insurance Agency
-
Doane University - Omaha Campus Private University College
-
MMT Ambulance Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$2.72M
Owner & transaction history
Jaffery Properties LLC
Jaffery Properties LLC
since 2025
Last sale
$2.9M
5 recorded transactions
Zoning & alternative use
MU · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.9M
+45.9%
Retail stores
$3.3M
+22.1%
Medical building
$3.2M
+18.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,685,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,915,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$3,275,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$3,165,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,110,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,935,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,290,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±10% · vs last sale $2.90M (Jun 2 2025)
Last sale anchor
$2.90M
Jun 2 2025
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
$129 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$47,791
Tax year 2023
Assessed value
$2,400,500
Assessed 2023
Previous assessed
$2,400,500
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$254,200
Assessed improvement
$2,146,300
Land market value
$254,200
Improvement market value
$2,146,300
Total market value
$2,400,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
5
Total area
20,968 SF
Lot
1.53 ac (66,647 SF)
Zoning code
MU
APN
512230202
UPID
US57-0219791
Jurisdiction
DOUGLAS
Zoning & alternative use
MU · Omaha, NE
Zoning MU · permitted uses
MU · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Omaha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1998
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
5
Lot
1.53 ac
Current owner
From public records · entity-resolved
Jaffery Properties LLC
Entity
Mailing address
5123 S 111TH ST, OMAHA, NE 68137-2341
Ownership since
2025
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
Sep 2, 2025
$2,900,000
Jaffery Properties LLC
Ajv Properties LLC
Special Warranty Deed
$2,175,000 · Hershey State Bank
Nov 29, 2021
—
Ajv Properties LLC
—
Deed
related
$1,813,000 · First State Bank
Sep 7, 2021
$817,000
Ajv Properties LLC
David D Ward
Warranty Deed
$1,813,000 · Premier Bank
Jun 9, 2021
—
Pat S Heller
Innovative Financial Systems LLC
Quit Claim Deed
related
—
—
—
Twenty-five
—
Deed Of Trust
related
$1,500,000 · Foundation First Bank
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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