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Property profile & analytics
OFF-MARKET
Estimated value
$4,595,000
Hotels
4706 108th St Omaha, NE 68137-2301
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US57-0536509
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1973
Total area
61,299 SF
Lot
3.06 ac (133,294 SF)
APN
1023592353
UPID
US57-0536509
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
-
Best Western Plus Midwest Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.11M
CAP Approach
CAP
$4.57M
Comparable Approach
Comparable
$5.91M
Blend (final)
Blend
$4.60M
Owner & transaction history
Midwest Inn INC · 5 yrs held
Midwest Inn INC
since 2021
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,885,000
ML approach
$5,110,000
CAP Approach
CAP Return
Estimation
6%
$4,950,000
6.5%
$4,570,000
7%
$4,245,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,535,000
Current use
Blend value · Realmo final
$4.60M
Range $4.14M – $5.05M · ±10% · vs last sale $4.20M (Apr 12 2021)
Last sale anchor
$4.20M
Apr 12 2021
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
$75 / 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
$4,496,800
Assessed 2023
Previous assessed
$4,496,800
+0.0% YoY
Assessed land
$998,700
Assessed improvement
$3,498,100
Land market value
$998,700
Improvement market value
$3,498,100
Total market value
$4,496,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1973
Heating
YES
Cooling
YES
Stories
7
Units
99
Rooms
99
Total area
61,299 SF
Lot
3.06 ac (133,294 SF)
APN
1023592353
UPID
US57-0536509
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.5M
HOTEL/MOTEL Current
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
1973
Heating
YES
Cooling
Yes
Stories
7
Units
99
Rooms
99
Lot
3.06 ac
Current owner
From public records · entity-resolved
Midwest Inn INC
Entity
Mailing address
2701 N 159TH ST, OMAHA, NE 68116-2037
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2026
—
Midwest Inn INC
—
Deed
related
$4,340,810 · Rvr Bank
Apr 27, 2022
—
Midwest Inn INC
—
Deed
related
$4,029,487 · First State Bank & Trust Co
Apr 12, 2021
$4,200,000
Midwest Inn INC
Kelly Midwest Ventures LP
Warranty Deed
$2,963,480 · First State Bank & Trust Co
Jun 12, 2019
—
Kelly Midwest Ventures LP
—
Deed
related
$75,000,000 · Us Bk
Oct 25, 2017
—
Kelly Midwest Ventures LP
—
Deed
related
$63,000,000 · Us Bk
Jul 27, 2015
$500,000
Kelly Midwest Ventures LP
Jb Ne Ents INC
Warranty Deed
—
Apr 8, 2008
—
Kelly Midwest Ventures
—
Grant Deed
related
$75,000,000 · Us Bk
Apr 3, 2008
$2,027,000
Kelly Midwest Ventures
Kelly Omaha Ventures
Warranty Deed
related
—
Jul 2, 2004
$300,000
Miller,robert L & Jonette M
Kelly Omaha Ventures
Warranty Deed
—
—
—
Kelly Midwest Ventures LP
—
Deed Of Trust
related
$6,500,000 · Us Bk
—
—
Kelly Midwest Ventures LP
—
Loan Modification
related
$75,000,000 · Us Bk
—
—
Roberte L Miller
—
Loan Modification
related
—
—
—
Kelly Midwest Ventures LP
—
Loan Modification
related
$63,507,130 · Us Bk
—
—
Kelly Midwest Ventures LP
—
Loan Modification
related
$63,000,000 · Us 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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