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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Office buildings
5010 Underwood Ave, Omaha, NE 68132-2236
Individually Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US57-0150038
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
11,968 SF
Lot
0.15 ac (6,400 SF)
Zoning code
NBD
APN
949010000
UPID
US57-0150038
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
-
Superdeals Event Planning
-
Radio Advertising Radio Station Telecommunications Service
-
Clear Channel Radio - KFAB Building Radio Station Telecommunications Service
-
1110 KFAB Radio Station Telecommunications Service
-
KAT 103.7 Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.35M
Owner & transaction history
Dustin W Ruge · 19 yrs held
Dustin W Ruge
since 2006
4 recorded transactions
Zoning & alternative use
NBD · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+28.0%
Commercial (general)
$2.1M
+17.4%
Retail stores
$1.9M
+7.1%
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
OFFICE BUILDING
$1,745,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,235,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,050,000
Change: +17% · Conversion: Easy
RETAIL STORES
$1,870,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$1,805,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,775,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±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
$113 / 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
$22,898
Tax year 2023
Assessed value
$1,085,300
Assessed 2023
Previous assessed
$1,085,300
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$34,500
Assessed improvement
$1,050,800
Land market value
$34,500
Improvement market value
$1,050,800
Total market value
$1,085,300
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
Off-Market
Year built
1970
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
11,968 SF
Lot
0.15 ac (6,400 SF)
Zoning code
NBD
APN
949010000
UPID
US57-0150038
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
OFFICE BUILDING Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1970
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Dustin W Ruge
Individual
Free & Clear · 19 yrs held
Mailing address
999 S LOGAN ST STE #300, DENVER, CO 80209-5801
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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 19, 2019
—
Dundee Group LLC
—
Deed
related
—
Dec 12, 2008
—
Dundee Group LLC
—
Deed Of Trust
related
$2,694,269 · First Savings Bank
Dec 28, 2006
—
Dustin W Ruge
Ruge Hazel B Trust
Quit Claim Deed
related
—
—
—
Dundee Group LLC
—
Loan Modification
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.
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