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Property profile & analytics
OFF-MARKET Estimated value $1,020,000
Parking lots & garages

508 19th St Omaha, NE 68102

27,400 SF 0.57 ac lot Built 1920
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US57-1177609
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1920
Total area 27,400 SF
Lot 0.57 ac (24,813 SF)
APN 1515750002
UPID US57-1177609
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
$1.18M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.02M
Owner & transaction history
508s19owner LLC · 6 yrs held
508s19owner LLC
since 2020
Last sale
$925,000
4 recorded transactions
2021
Price N/A
2020
$925,000
2018
Price N/A
2005
$4.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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