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    Property profile & analytics

    5202 L St Omaha, NE 68117

    • Drive through restaurants
    • 1,890 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    $1,010,000
    Last Sale
    Dec 09, 2024
    $996,000
    Location Intelligence
    Property ID
    US57-0537118
    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

    • Jimmy John's / Caterer / Sandwich Shop

    Property Details for 5202 L St

    Year built
    2014
    Lot size
    0.54 lot acres
    Property size
    1,890 SF
    Property type
    Drive through restaurants
    APN
    1417022056
    APU
    1417022056

    Description

    This exceptional retail property, located at 5202 L Street in Omaha, Nebraska, presents a compelling investment opportunity. The 1,890 square foot building, constructed and renovated in 2014, sits on a 0.54-acre lot and is zoned Community Commercial (CC-MCC). Currently vacant, it offers a strong potential for immediate income generation. The property benefits from a 10-year lease term, commencing June 7th, 2024, with two 5-year renewal options. Lease terms include a favorable Absolute NNN structure, ensuring minimal landlord responsibilities. Rent increases are structured with a 10% jump after the initial 5 years, followed by 2.5% annual increases thereafter. The property enjoys a prime location, boasting close proximity to Buena Vista High School and convenient access from L Street, just minutes from I-80. This is an ideal investment for those seeking a strong return with a long-term, secure lease. The asking price is $996,000, representing a compelling 6.50% capitalization rate. This property is part of a larger portfolio, but can be purchased individually.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $995,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,060,000
      6.5%
      $890,000
      7%
      $1,040,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,125,000
      Geo Method
      $980,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $995,000
      Retail
      $1,075,000
      Mixed-Use
      $975,000
      Hospitality
      $1,155,000
      Educational
      $885,000
      Residential Income
      $1,180,000
      Energy
      $890,000
      Income-Based Land
      $1,145,000
      Food Service
      $970,000

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9959
    Latitude
    41.2129
    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
    2023
    $11,081
    $141,100
    $384,100
    $525,200
    -
    $141,100
    $384,100
    $525,200

    Comparable in this City

    • Value Estimation by Request
      3,161 SF

      4144 50th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,161 SF
      4144 50th St, Omaha, NE 68117-1351
      View Details
    • Value Estimation
      $425,000
      2,606 SF

      4801 L St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,606 SF
      4801 L St, Omaha, NE 68117-1550
      View Details
    • Value Estimation
      $990,000
      3,363 SF

      4900 L St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,363 SF
      4900 L St, Omaha, NE 68117-1553
      View Details
    • Value Estimation
      $270,000
      2,160 SF

      5411 L St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,160 SF
      5411 L St, Omaha, NE 68117
      View Details
    • Value Estimation
      $365,000
      2,181 SF

      4860 L St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,181 SF
      4860 L St, Omaha, NE 68117
      View Details
    • Value Estimation
      $415,000
      2,360 SF

      4709 L St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,360 SF
      4709 L St, Omaha, NE 68117-1548
      View Details

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    5202 L St
    Omaha, NE 68117
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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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