Add Listing
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

    4848 97th St Omaha, NE 68127-2002

    • Office buildings
    • 3,996 SF
    • 0.61 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2024
    $700,000
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0221785
    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

    • Labor Solutions / Employment Agency

    Property Details for 4848 97th St

    Year built
    1979
    Lot size
    0.61 lot acres
    Property size
    3,996 SF
    Property type
    Office buildings
    APN
    1800108385
    APU
    1800108385

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $442,000
      Market price range: $335k - $531k
      AI Estimate
      $381,000
      Market price range: $209k - $526k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $450,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $745,000
      Change: +66% Conversion: Difficult
      RETAIL STORES
      $625,000
      Change: +39% Conversion: Moderate
      MEDICAL BUILDING
      $605,000
      Change: +34% Conversion: Easy
      AUTO REPAIR, GARAGE
      $595,000
      Change: +32% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $560,000
      Change: +25% Conversion: Easy
      WAREHOUSE, STORAGE
      $395,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0654
    Latitude
    41.2107
    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
    2023
    $5,856
    $213,100
    $76,800
    $289,900
    -
    $213,100
    $76,800
    $289,900

    Comparable in this City

    • Value Estimation by Request
      960 SF

      7610 Burlington St

      OFFICE BUILDING • 960 SF
      7610 Burlington St, Omaha, NE 68127-3940
      View Details
    • Value Estimation
      $2,710,000
      24,632 SF

      7401 F St

      OFFICE BUILDING • 24,632 SF
      7401 F St, Omaha, NE 68127-1857
      View Details
    • Value Estimation
      $10,700,000
      89,643 SF

      5701 86th Cir

      OFFICE BUILDING • 89,643 SF
      5701 86th Cir, Omaha, NE 68127-4146
      View Details
    • Value Estimation
      $680,000
      6,480 SF

      7809 F St

      OFFICE BUILDING • 6,480 SF
      7809 F St, Omaha, NE 68127-1828
      View Details
    • Value Estimation
      $680,000
      6,512 SF

      4349 90th St

      OFFICE BUILDING • 6,512 SF
      4349 90th St, Omaha, NE 68127-1309
      View Details
    • Value Estimation
      $1,450,000
      13,847 SF

      4040 96th St

      OFFICE BUILDING • 13,847 SF
      4040 96th St, Omaha, NE 68127-1222
      View Details

    Similar Nearby for Sale

    • $5,980,000
      56,416 SF

      Omaha Office Building - Prime Location

      56,416 SF Office, Owner/User Opportunity
      9810 M St, Omaha, NE 68127
      View Details
    • $994,474

      Corner Lot for Retail/Office

      Ready-to-build lot in rapidly growing area, ideal for businesses.
      19441 Polk St, Omaha, NE 68127
      View Details
    • $115,000
      0.38 Acres

      Residential Lots Bundle For Sale

      Bundle of four flat, cleared residential lots ready for design.
      16 Country Club Rd, Ralston, NE 68127
      View Details
    • Contact for pricing
      22,468 SF

      Industrial Warehouse/Manufacturing Building For Sale

      Industrial warehouse/manufacturing building with convenient location and easy access to I-80.
      7880 F St, Omaha, NE 68127
      View Details
    • Contact for pricing

      Prime In-Fill Lot For Sale

      Rare lot suitable for drive-thru, east of 108th & Q.
      10760 Q St, Omaha, NE 68127
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Convenient Flex Space Available

      2400 SF flex space with office, showroom, and warehouse.
      8910 H St, Omaha, NE 68127
      View Details
    • Contact for pricing

      Flex Space with Signage Available

      Flex space available for rent with building and monument signage.
      9810 M St, Omaha, NE 68127
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease in Omaha, Nebraska.
      10202 F St, Omaha, NE 68127
      View Details
    • Contact for pricing
      260 SF

      Executive Office Space For Rent

      Executive office space with shared amenities and convenient location.
      8970-8984 J St, Omaha, NE 68127
      View Details
    • $975 /Mo
      700 SF

      Office Suites on L Street

      Affordable office suites with restrooms and built-in filing cabinets.
      8998 L St, Omaha, NE 68127
      View Details
    • Contact for pricing

      Renovated Retail and Office Space

      Office and retail spaces for rent with high visibility.
      4721 S 96Th St, Omaha, NE 68127
      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.
    4848 97th St
    Omaha, NE 68127-2002
    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.
    Sign Up Successful!
    You now have access to more from Realmo!