Back to Search
Property profile & analytics
FOR LEASE
Office buildings
500 South 18Th St Omaha, NE 68102
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US57-1036239
For Lease
1 / 10
$16 SF/Yr
500 South 18Th St, Omaha, NE 68102
View Listing →
Property summary
AI-generated overview
The Standard Oil Building, a historic six-story Class B building constructed in 1921, offers exceptional retail and restaurant opportunities in Omaha, Nebraska. Located at 500 S 18th St, this property boasts a total of 31,098 square feet, situated on a 0.3-acre lot in Douglas County (zip code 68102). The building features multiple tenancies, with spaces ranging from a minimum of 594 square feet to a maximum contiguous space of 3,125 square feet. Currently, 3,719 square feet are vacant and ready for immediate occupancy. The building offers 14 total parking spaces. Ideal for a variety of uses, this property presents a unique chance to establish a business in a vibrant, established area. Lease rates are competitive, with options available to suit various business needs. The building's rich history and prime location provide an unparalleled opportunity for growth and success. Inquire today to learn more about the available spaces and lease terms.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1921
Total area
31,098 SF
Lot
0.31 ac (13,454 SF)
APN
1515550003
UPID
US57-1036239
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
-
Standard Building Apartment Building
-
Redfield Building Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$975k
Owner & transaction history
Otcowner LLC · 6 yrs held
Otcowner LLC
since 2020
Last sale
$984,000
4 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
$840,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $984k (Apr 25 2025)
Last sale anchor
$984k
Apr 25 2025
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
$31 / 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
$14,121
Tax year 2023
Assessed value
$669,300
Assessed 2023
Previous assessed
$669,300
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$234,700
Assessed improvement
$434,600
Land market value
$234,700
Improvement market value
$434,600
Total market value
$669,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1921
Heating
YES
Cooling
YES
Stories
6
Units
1
Total area
31,098 SF
Lot
0.31 ac (13,454 SF)
APN
1515550003
UPID
US57-1036239
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
Building & site characteristics
From public records
Year built
1921
Heating
YES
Cooling
Yes
Stories
6
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Otcowner LLC
Entity
Mailing address
3814 FARNAM ST STE #201, OMAHA, NE 68131-3118
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2020
$1,525,000
Otcowner LLC
Standard 1810 LLC
Warranty Deed
$1,475,000 · Dundee Bank
May 6, 2014
$1,000,000
Standard 1810 LLC
Real Property Holdings LLC
Warranty Deed
$750,000 · Real Property Holdings LLC
Sep 13, 2011
$900,000
Real Property Holdings LLC
Koenig,brian J
Trustees Deed
related
—
Apr 18, 2006
$940,000
Building 500 LLC
Law Building
Warranty Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
