Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4545 Leavenworth St Omaha, NE 68106-1418

    • Auto shops
    • 4,530 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Nov 02, 2023
    $10,040
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0191054
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Penian Car Insurance Omaha NE / Auto Insurance Agency

    Property Details for 4545 Leavenworth St

    Year built
    1955
    Lot size
    0.37 lot acres
    Property size
    4,530 SF
    Property type
    Auto shops
    APN
    2204140009
    APU
    2204140009

    Description

    This 4,530-square-foot single-tenant flex space at 4545 Leavenworth Street in Midtown Omaha presents a unique investment opportunity. Built in 1955, this one-story building sits on a 16,186-square-foot lot and is zoned GC-ACI-2(PL). The property features four drive-in bays, including one oversized door, making it ideal for various uses. Its former life as a service garage is reflected in its current AS-IS condition, offering a blank canvas for adaptive reuse. The building boasts excellent visibility and frontage on Leavenworth Street, benefiting from high traffic volume and exposure at the Leavenworth & Saddle Creek intersection. Ample off-street parking is available on-site, and the owner can offer additional parking at the adjacent 4521 Leavenworth Street. The property's location across from the University of Nebraska Medical Center (UNMC) campus adds significant appeal. The building's features include one building, no elevators, and a total of 4,530 square feet of vacant space. The property's APN is 2204140009. This corner lot offers significant potential for a variety of businesses seeking a prominent Midtown Omaha location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $672,000
      Market price range: $394k - $1.07M
      AI Estimate
      $415,000
      Market price range: $214k - $620k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $670,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $845,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $710,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $685,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $660,000
      Change: -2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $635,000
      Change: -6% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9827
    Latitude
    41.2522
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,368 SF

      5023 Ctr St

      AUTO REPAIR, GARAGE • 2,368 SF
      5023 Ctr St, Omaha, NE 68106-3110
      View Details
    • Value Estimation
      $800,000
      12,865 SF

      5638 Ctr St

      AUTO REPAIR, GARAGE • 12,865 SF
      5638 Ctr St, Omaha, NE 68106-3003
      View Details
    • Value Estimation by Request
      3,200 SF

      4682 Leavenworth St

      AUTO REPAIR, GARAGE • 3,200 SF
      4682 Leavenworth St, Omaha, NE 68106-1421
      View Details
    • Value Estimation
      $2,035,000
      35,460 SF

      6223 Grover St

      AUTO REPAIR, GARAGE • 35,460 SF
      6223 Grover St, Omaha, NE 68106-4313
      View Details
    • Value Estimation
      $830,000
      1,982 SF

      6002 Ctr St

      AUTO REPAIR, GARAGE • 1,982 SF
      6002 Ctr St, Omaha, NE 68106-2916
      View Details
    • Value Estimation by Request
      8,232 SF

      1100 Saddle Crk Rd

      AUTO REPAIR, GARAGE • 8,232 SF
      1100 Saddle Crk Rd, Omaha, NE 68106-1946
      View Details

    Similar Nearby for Sale

    • $1,118,400

      Land Near Pacific Springs Golf

      Land available near West Dodge Expressway and Pacific Springs Golf.
      16909 Marcy St, Omaha, NE 68106
      View Details
    • $1,650,000
      8,000 SF

      Renovated Flex Space with Drive-ins

      Recently renovated flex space with high-end finishes and drive-in doors.
      3316 S 66Th Avenue Cir, Omaha, NE 68106
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      250,000 SF

      Aksarben Village - Zone 6, Inner Rail

      Neighborhood centers • 250,000 SF
      1917 67Th St, Omaha, NE 68106
      View Details
    • $28 SF/Yr
      4,720 SF

      Aksarben Village Retail Space For Rent

      Retail space available in Aksarben Village, Omaha.
      6700 Mercy Rd, Omaha, NE 68106
      View Details
    • $24 SF/Yr
      1,200 SF

      Prime Omaha Retail Space

      1200 sq ft Single-Tenant Retail
      717 72Nd St, Omaha, NE 68106
      View Details
    • $14 SF/Yr
      6,226 SF

      Retail Space with Full Basement

      Retail space featuring ample parking, basement, and exterior loading door.
      4924 Center St, Omaha, NE 68106
      View Details
    • $2,500 /Mo
      11,566 SF

      Midtown Land for Lease

      Land available for lease in excellent Midtown location.
      919 S Saddle Creek Rd, Omaha, NE 68106
      View Details
    • $23 SF/Yr
      46,263 SF

      Overland Wolf Centre Office Suites

      Omaha Office Space: Move-in Ready Suites
      6910 Pacific St, Omaha, NE 68106
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4545 Leavenworth St
    Omaha, NE 68106-1418
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.