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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Warehouses
4512 68th St, Omaha, NE 68117-1009
Entity Owned
1-yr Hold
Free & Clear
Property ID
US57-1189557
Property summary
AI-generated overview
This exceptional 29,750-square-foot warehouse, built in 2000, is ideally situated in Omaha, Nebraska, at 4512 S 68th St, zip code 68117, within Douglas County. The property boasts a convenient location with easy access to I-80, making transportation and logistics seamless. The warehouse sits on a substantial 2.34-acre lot, fully paved and securely fenced. The building features one dock-high door and nineteen oversized drive-in doors, ensuring efficient loading and unloading operations. Inside, the warehouse offers a newly finished office space, ideal for administrative functions. Practical features include floor drains, ceiling and exhaust fans, and air lines, enhancing functionality and safety. The property is zoned GI and benefits from prominent L Street signage, increasing visibility and brand recognition. Offered at $5,100,000, this warehouse presents a compelling investment opportunity in a thriving Omaha location.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
15,750 SF
Lot
2.34 ac (101,930 SF)
Zoning code
GI
APN
124480002
UPID
US57-1189557
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
-
Pepsi Department Store
-
Outdoors For Less (Bike/Boat/Book/etc) Store
-
Two Men and a Truck Moving and Storage Moving Company
-
Holiday Van & Storage Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.52M
Owner & transaction history
Stevenson Properties Omaha Ne LLC · 1 yrs held
Stevenson Properties Omaha Ne LLC
since 2025
6 recorded transactions
Zoning & alternative use
GI · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.5M
+58.0%
Medical building
$2.4M
+52.7%
Auto repair, garage
$2.3M
+50.1%
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
WAREHOUSE, STORAGE
$1,560,000
Current use
RETAIL STORES
$2,460,000
Change: +58% · Conversion: Moderate
MEDICAL BUILDING
$2,380,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,335,000
Change: +50% · Conversion: Easy
OFFICE BUILDING
$2,300,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,205,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10%
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
$97 / 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
$2,008,100
Assessed 2023
Previous assessed
$2,008,100
+0.0% YoY
Assessed land
$292,500
Assessed improvement
$1,715,600
Land market value
$292,500
Improvement market value
$1,715,600
Total market value
$2,008,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
15,750 SF
Lot
2.34 ac (101,930 SF)
Zoning code
GI
APN
124480002
UPID
US57-1189557
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
WAREHOUSE, STORAGE Current
Est. value
$1.6M
RETAIL STORES
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2000
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Stevenson Properties Omaha Ne LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 301, COUNCIL BLUFFS, IA 51502-0301
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2025
—
Stevenson Properties Omaha Ne LLC
—
Deed
related
$3,776,000 · Us Bank NA
May 20, 2025
$4,720,000
Stevenson Properties Omaha Ne LLC
Rosebud Properties LLC
Special Warranty Deed
—
Mar 21, 2011
—
Rosebud Properties LLC
—
Deed Of Trust
related
$1,452,959 · Security National Bank Omaha
Mar 15, 2011
$1,369,000
Rosebud Properties L L C
North South Properties Of Hartsvill
Warranty Deed
$1,452,959 · Security National Bank Of Omaha
—
—
Rosebud Properties LLC
—
Deed Of Trust
related
$1,547,602 · Security National Bank Omaha
—
—
Rosebud Properties LLC
—
Deed Of Trust
related
$699,000 · Us Small Business Admn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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