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    Property profile & analytics

    518 40th St Omaha, NE 68131-1823

    • Investment properties
    • 2,642 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US57-1183066
    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

    • RenMind / Software Company / Marketing Agency
    • Cali Commons / Arts Organization / Art Gallery
    • JoLeen’s Designs / Graphic Designer

    Property Details for 518 40th St

    Year built
    1922
    Lot size
    0.21 lot acres
    Property size
    2,642 SF
    Zone code
    R7
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    2017800002
    APU
    2017800002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $210,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $200,000
      Mixed-Use
      $175,000
      Hospitality
      $205,000
      Educational
      $215,000
      Residential Income
      $210,000
      Energy
      $195,000
      Income-Based Land
      $210,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9733
    Latitude
    41.2646
    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
    $51,400
    $107,500
    $158,900
    -
    $51,400
    $107,500
    $158,900

    Comparable in this City

    • Value Estimation by Request
      2,234 SF

      525 33rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,234 SF
      525 33rd St, Omaha, NE 68131-2030
      View Details
    • Value Estimation by Request
      25,080 SF

      3852 Farnam St

      OFFICE/RESIDENTIAL (MIXED USE) • 25,080 SF
      3852 Farnam St, Omaha, NE 68131-3138
      View Details
    • Value Estimation
      $95,000
      2,031 SF

      4038 Hamilton St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,031 SF
      4038 Hamilton St, Omaha, NE 68131-1106
      View Details
    • Value Estimation
      $490,000
      8,620 SF

      Omaha, NE 68131

      OFFICE/RESIDENTIAL (MIXED USE) • 8,620 SF
      Omaha, NE 68131
      View Details
    • Value Estimation
      $285,000
      4,653 SF

      Omaha, NE 68131

      OFFICE/RESIDENTIAL (MIXED USE) • 4,653 SF
      Omaha, NE 68131
      View Details
    • Value Estimation by Request
      1,520 SF

      510 33rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,520 SF
      510 33rd St, Omaha, NE 68131-2031
      View Details

    Similar Nearby for Sale

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      Midtown Crossing Penthouse Condo

      Stunning 2-bedroom penthouse with upgrades, amenities, and prime location.
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      Downtown Omaha Office Building

      44,119 SF Office Space, $4M
      2551 Dodge St, Omaha, NE 68131
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    • $440,000

      Midtown Omaha Development Land

      Prime Dodge Street location, multifamily potential.
      3870 Dodge St, Omaha, NE 68131
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    • $2,675,000

      Omaha Multi-Family Investment Opportunity

      28-unit apartment building with grocery store and income potential.
      840 N 44Th St, Omaha, NE 68131
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    Similar Nearby for Lease

    • $22 SF/Yr
      21,890 SF

      Midtown Crossing Office Space

      Omaha office suites, prime location.
      120 31St Ave, Omaha, NE 68131
      View Details
    • $20 SF/Yr
      21,890 SF

      Omaha Restaurant Space - Prime Location

      High-traffic restaurant & lounge, ample space.
      220 31St Ave, Omaha, NE 68131
      View Details
    • $34 SF/Yr
      10,561 SF

      Blackstone Square Retail Space

      Omaha's Blackstone District: 757 SF Available
      3863 Farnam St, Omaha, NE 68131
      View Details
    • $19 SF/Yr
      68,509 SF

      Midtown Omaha Retail Opportunity

      Prime Omaha street retail, 5 spaces available.
      3201 Farnam St, Omaha, NE 68131
      View Details
    • $20 SF/Yr
      25,088 SF

      Midtown Crossing Retail Opportunity

      Omaha Retail Space: Prime Farnam Street Location
      3157 Farnam St, Omaha, NE 68131
      View Details
    • $13 SF/Yr
      1,920 SF

      Cuming Street Office with Storage

      Office space with prime visibility and basement storage available for rent.
      3913-3919 Cuming St, Omaha, NE 68131
      View Details
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    518 40th St
    Omaha, NE 68131-1823
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    Realmo Value Estimation

    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.

    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.

    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
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