508 19th St Omaha, NE 68102
This exceptional mixed-use property presents a compelling redevelopment opportunity in Omaha's vibrant Flatiron District. The offering encompasses a two-story, 27,400 square foot parking garage constructed in 1920, situated on a 0.56-acre lot at 508 S 19th St, Omaha, NE 68102. The existing structure features three drive-in doors and offers over 100 parking stalls, providing immediate income potential while redevelopment plans are underway. The property's zoning allows for a wide range of uses, making it ideal for both experienced developers and investors seeking a high-return project. Included in the sale are building value and height (BVH) architectural drawings for a proposed five-story, 50+ unit multi-family development, valued at $200,000. These plans provide a solid foundation for a future project, significantly reducing the time and cost associated with initial design and permitting. The asking price for this unique opportunity is $1,500,000. This property's location in the dynamic Flatiron District offers unparalleled access to amenities, transportation, and a thriving community, ensuring strong future demand and appreciation. Don't miss this chance to acquire a prime piece of Omaha real estate with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.