Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Apartment buildings
507 36th St Omaha, NE 68105-1599
Entity Owned
3-yr Hold
Property ID
US57-1181457
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,004 SF
Lot
0.18 ac (7,920 SF)
APN
1418700003
UPID
US57-1181457
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
507 S 36th Street LLC · 3 yrs held
507 S 36th Street LLC
since 2023
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$750,000
+71.2%
Retail stores
$625,000
+43.2%
Medical building
$605,000
+38.4%
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
$695,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$435,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$750,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$605,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$595,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$585,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $700k (Apr 6 2023)
Last sale anchor
$700k
Apr 6 2023
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
$179 / 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
$5,150
Tax year 2023
Assessed value
$244,100
Assessed 2023
Previous assessed
$244,100
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$29,100
Assessed improvement
$215,000
Land market value
$29,100
Improvement market value
$215,000
Total market value
$244,100
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
5
Rooms
5
Bathrooms
6
Total area
4,004 SF
Lot
0.18 ac (7,920 SF)
APN
1418700003
UPID
US57-1181457
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$435,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$750,000
RETAIL STORES
Est. value
$625,000
MEDICAL BUILDING
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$595,000
OFFICE BUILDING
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS) 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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
5
Rooms
5
Bathrooms
6
Lot
0.18 ac
Current owner
From public records · entity-resolved
507 S 36th Street LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
$700,000
507 S 36th Street LLC
Midtown Flats LLC
Warranty Deed
$569,600 · Enterprise Bank
Apr 23, 2013
$198,000
Midtown Flats LLC
Lnr 507 LLC
Warranty Deed
$197,500 · Great Western Bank
Dec 29, 2006
—
Lnr 507 LLC
Powell,regi A & Lisa M
Quit Claim Deed
related
—
Jul 21, 2006
$235,000
Regi A Powell
Brammer,david L & Barbara A
Warranty Deed
$188,000 · Homecomings Financial Network
—
—
Regi A Powell
—
Deed Of Trust
related
$23,500 · Homecomings Financial
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?”
You own 507 36th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
