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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Industrial properties
4106 87th St, Omaha, NE 68127-1602
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US57-0126771
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Total area
20,410 SF
Lot
1.24 ac (54,014 SF)
Zoning code
GI
APN
828372142
UPID
US57-0126771
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
-
Ultra Secure Solutions Security Service
-
Lantis Development LLC Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.67M
CAP Approach
CAP
$3.20M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.70M
Owner & transaction history
Castle Capital II LLC · 4 yrs held
Castle Capital II LLC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
GI · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.8M
+107.5%
Retail stores
$3.2M
+73.5%
Medical building
$3.1M
+67.7%
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
$2,685,000
ML approach
$2,670,000
CAP Approach
CAP Return
Estimation
6%
$3,465,000
6.5%
$3,200,000
7%
$2,970,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,840,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,815,000
Change: +108% · Conversion: Difficult
RETAIL STORES
$3,190,000
Change: +74% · Conversion: Moderate
MEDICAL BUILDING
$3,080,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,030,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,860,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$2,290,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±10% · vs last sale $2.75M (Jul 7 2022)
Last sale anchor
$2.75M
Jul 7 2022
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
$132 / 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
$50,557
Tax year 2023
Assessed value
$2,502,800
Assessed 2023
Previous assessed
$2,502,800
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$325,900
Assessed improvement
$2,176,900
Land market value
$325,900
Improvement market value
$2,176,900
Total market value
$2,502,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1974
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
5
Total area
20,410 SF
Lot
1.24 ac (54,014 SF)
Zoning code
GI
APN
828372142
UPID
US57-0126771
Jurisdiction
DOUGLAS
Zoning & alternative use
GI · Omaha, NE
Zoning GI · permitted uses
GI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
RETAIL STORES
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE 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
1974
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
5
Lot
1.24 ac
Current owner
From public records · entity-resolved
Castle Capital II LLC
Entity
Mailing address
701 P ST STE #105, LINCOLN, NE 68508-1356
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
$2,750,000
Castle Capital II LLC
Lantis Development LLC
Warranty Deed
$2,200,000 · West Gate Bank
Mar 31, 2017
—
Lantis Dev LLC
—
Deed
related
$500,000 · Bank Of Bennington
Jan 26, 2016
—
Lantis Dev LLC
—
Trustees Deed
related
$500,000 · Bank Of Bennington
Aug 24, 2007
$650,000
Lantis Development LLC
Hineline Gar L & A S Trust
Warranty Deed
$555,154 · American Interstate Bank
—
—
Lantis Developement LLC
—
Deed Of Trust
related
$58,422 · American Interstate Bank
—
—
Lantis Dev LLC
—
Deed Of Trust
related
$1,431,750 · Bank Of Bennington
—
—
Lantis Developement LLC
—
Deed Of Trust
related
$1,614,354 · American Interstate Bank
—
—
Lantis Dev LLC
—
Loan Modification
related
$2,200,000 · American Interstate Bank
—
—
Lantis Dev LLC
—
Deed Of Trust
related
$523,000 · Bank Of Bennington
—
—
Lantis Dev LLC
—
Deed Of Trust
related
$448,923 · American Interstate Bank
—
—
Lantis Dev LLC
—
Loan Modification
related
$500,000 · Bank Of Bennington
—
—
Lantis Dev LLC
—
Deed Of Trust
related
$500,000 · Union Bank & Trust
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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