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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Investment properties
4914 Underwood Ave Ste A Omaha, NE 68132-2414
Entity Owned
12-yr Hold
Free & Clear
Property ID
US57-0043533
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1907
Total area
4,749 SF
Lot
0.18 ac (8,000 SF)
Zoning code
NBD
APN
951190000
UPID
US57-0043533
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
-
Exist Green Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$540k
Owner & transaction history
4914 Underwood LLC · 12 yrs held
4914 Underwood LLC
since 2014
6 recorded transactions
Zoning & alternative use
NBD · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$885,000
+9.0%
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
COMMERCIAL (GENERAL)
$815,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$885,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$740,000
Change: -9% · Conversion: Easy
MEDICAL BUILDING
$715,000
Change: -12% · Conversion: Easy
AUTO REPAIR, GARAGE
$705,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$114 / 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
$9,207
Tax year 2023
Assessed value
$436,400
Assessed 2023
Previous assessed
$436,400
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$37,500
Assessed improvement
$398,900
Land market value
$37,500
Improvement market value
$398,900
Total market value
$436,400
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1907
Heating
YES
Cooling
YES
Stories
1
Units
5
Total area
4,749 SF
Lot
0.18 ac (8,000 SF)
Zoning code
NBD
APN
951190000
UPID
US57-0043533
Jurisdiction
DOUGLAS
Zoning & alternative use
NBD · Omaha, NE
Zoning NBD · permitted uses
NBD · 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
COMMERCIAL (GENERAL) Current
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$885,000
RETAIL STORES
Est. value
$740,000
MEDICAL BUILDING
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$705,000
OFFICE BUILDING
Est. value
$695,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1907
Heating
YES
Cooling
Yes
Stories
1
Units
5
Lot
0.18 ac
Current owner
From public records · entity-resolved
4914 Underwood LLC
Entity
Free & Clear · 12 yrs held
Mailing address
4914 UNDERWOOD AVE STE C, OMAHA, NE 68132-2414
Ownership since
2014
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
Jun 2, 2014
—
4914 Underwood LLC
Fortitude Investments LLC
Warranty Deed
—
Jun 8, 2009
$250,000
Fortitude Investments LLC
Bhakta,lallubhai N & Madhuben L
Warranty Deed
—
Jun 9, 2005
—
Lallubhai N Bhakta
Bhakta,lellubhai N
Quit Claim Deed
related
—
Aug 13, 2004
$58,000
Bhakta,lallubhai N
Narsi,raman G & Ila
Quit Claim Deed
related
$1,035,000 · Kaw Vly St Bk
—
—
Lallubhai N Bhakis
—
Deed Of Trust
related
$50,614 · American National Bank & Trust
—
—
Lallabhai N Bhakta
—
Deed Of Trust
related
$50,614 · American National Bank & Trust
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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