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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Apartment buildings
4609 California St Omaha, NE 68132-2530
Entity Owned
2-yr Hold
Property ID
US57-1174741
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
FRAME
Total area
3,596 SF
Lot
0.15 ac (6,550 SF)
Zoning code
R7
APN
2202190000
UPID
US57-1174741
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$995k
Owner & transaction history
Dean Properties LLC · 2 yrs held
Dean Properties LLC
since 2023
Last sale
$982,000
6 recorded transactions
Zoning & alternative use
R7 · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$670,000
+71.2%
Commercial (general)
$615,000
+57.1%
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
$975,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: +57% · Conversion: Moderate
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $982k (Jul 20 2023)
Last sale anchor
$982k
Jul 20 2023
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
$277 / 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
$8,600
Tax year 2023
Assessed value
$407,600
Assessed 2023
Previous assessed
$407,600
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$13,100
Assessed improvement
$394,500
Land market value
$13,100
Improvement market value
$394,500
Total market value
$407,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1965
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
6
Rooms
6
Total area
3,596 SF
Lot
0.15 ac (6,550 SF)
Zoning code
R7
APN
2202190000
UPID
US57-1174741
Jurisdiction
DOUGLAS
Zoning & alternative use
R7 · Omaha, NE
Zoning R7 · permitted uses
R7 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
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
1965
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
6
Rooms
6
Lot
0.15 ac
Current owner
From public records · entity-resolved
Dean Properties LLC
Entity
Ownership since
2023
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
Jul 20, 2023
$982,000
Dean Properties LLC
Straub Realty LLC
Warranty Deed
$1,125,361 · West Gate Bank
Jun 2, 2017
$480,000
Straub Realty LLC
Straub Properties LLC
Warranty Deed
related
$408,000 · Cornhusker Bk
Jul 1, 2013
$825,000
Straub Properties LLC
4 Rent Dundee LLC
Warranty Deed
$638,750 · Cornhusker Bank
Jun 27, 2005
—
4 Rent Dundee LLC
Hauschild,john A & Mary O
Quit Claim Deed
related
—
Jun 1, 2005
$631,000
John A Hauschild
Novak,alice A
Grant Deed
—
—
—
Straub Realty LLC
—
Loan Modification
related
$550,000 · Cornhusker Bk
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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