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

    5005 135th St Omaha, NE 68137-1714

    • Commercial real estate
    • 110,979 SF
    • 4.71 lot acres
    OFF-MARKET
    Last Sale
    Aug 14, 2020
    Value Estimations
    $8,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1022324
    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

    • Lumberyard District / Apartment Complex

    Property Details for 5005 135th St

    Year built
    2016
    Construction
    FRAME
    Lot size
    4.71 lot acres
    Property size
    110,979 SF
    Property type
    Commercial real estate
    APN
    1644050023
    APU
    1644050023

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,067,000
      Market price range: $8.07M - $25.6M
      AI Estimate
      $5,526,000
      Market price range: $2.61M - $20.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $14,210,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.1213
    Latitude
    41.2074
    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
    2022
    $0.00
    $1,244,600
    $16,836,100
    $18,080,700
    -
    $1,244,600
    $16,836,100
    $18,080,700

    Comparable in this City

    • Value Estimation by Request
      900 SF

      6303 120th Plz

      COMMERCIAL (GENERAL) • 900 SF
      6303 120th Plz, Omaha, NE 68137
      View Details
    • Value Estimation
      $2,165,000
      53,655 SF

      4954 135th St

      COMMERCIAL (GENERAL) • 53,655 SF
      4954 135th St, Omaha, NE 68137-1884
      View Details
    • Value Estimation
      $4,630,000
      22,908 SF

      11801 Ss Plz

      COMMERCIAL (GENERAL) • 22,908 SF
      11801 Ss Plz, Omaha, NE 68137-3587
      View Details
    • Value Estimation
      $2,775,000
      13,726 SF

      14115 Berry Plz

      COMMERCIAL (GENERAL) • 13,726 SF
      14115 Berry Plz, Omaha, NE 68137-2808
      View Details
    • Value Estimation by Request
      1,250 SF

      11845 Washington Plz

      COMMERCIAL (GENERAL) • 1,250 SF
      11845 Washington Plz, Omaha, NE 68137
      View Details
    • Value Estimation by Request

      16901 Polk Plz

      Land
      16901 Polk Plz, Omaha, NE 68137
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      67,500 SF

      Omaha Multifamily Investment Opportunity

      66-unit apartment building in prime Omaha location.
      12775 Woodcrest Plz, Omaha, NE 68137
      View Details
    • $5,862,640
      40,432 SF

      Renovated Warehouse with Office Space

      40,432 SF warehouse with renovated office space for sale.
      4545 South 119Th Cir, Omaha, NE 68137
      View Details
    • Contact for pricing

      Deerfield Place Outlot Land

      1.97 AC commercial land for sale in Omaha, Nebraska.
      5308 S 136Th St, Omaha, NE 68137
      View Details
    • Contact for pricing

      Three Land Lots Totaling 2.46 Acres

      Three land lots totaling 2.46 acres available for sale.
      13638 Q St, Omaha, NE 68137
      View Details
    • $660,000
      2,407 SF

      Former Dairy Queen For Sale

      2,407 SF building, drive-thru, and outdoor seating available.
      5071 S 136Th St, Omaha, NE 68137
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Retail spaces and pad site available in high-traffic marketplace.
      12170 K Plz, Omaha, NE 68137
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office End Cap Suite

      End cap suite available for lease in Omaha, Nebraska.
      14135 S St, Omaha, NE 68137
      View Details
    • Contact for pricing

      Office Building in Great Location

      Office building for rent with fantastic exterior appearance.
      4812 S 114Th St, Omaha, NE 68137
      View Details
    • Contact for pricing

      Historic Millard School Space

      Available space in the historic Millard School building.
      13270 Millard Ave, Omaha, NE 68137
      View Details
    • Contact for pricing

      Retail/Office Space For Lease

      Nicely finished retail/office space available in established Omaha location.
      14440 F St, Omaha, NE 68137
      View Details
    • $12 SF/Yr

      Office Space Near I-80

      Office space for lease with easy access to I-80.
      11915-11919 P St, Omaha, NE 68137
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space with Drive-In Doors

      Retail space with showroom and convenient interstate access.
      4203-4325 S 120Th St, Omaha, NE 68137
      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.
    5005 135th St
    Omaha, NE 68137-1714
    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!