5250 21st St Omaha, NE 68107-2839
- Investment properties
- 2,640 SF
- 0.07 lot acres
Current Use by Public Records
- Investment properties
Property Details for 5250 21st St
- Year built
- 1890
- Lot size
- 0.07 lot acres
- Property size
- 2,640 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 727700000
- APU
- 727700000
Description
This exceptional mixed-use property at 5250 S 21st St, Omaha, NE 68107, presents a unique investment opportunity. The 2,640 square foot building, constructed in 1890, sits on a 0.06-acre lot and is zoned GC. The property features three units: a ground floor retail space and two upper-level apartments. The main floor retail space offers a blank canvas, boasting an open floor plan and two bathrooms, perfect for a variety of retail ventures. The two second-floor apartments are currently under construction, in the framing stage, but include brand new HVAC systems (installed 2023), and new plumbing for kitchens and bathrooms. All units benefit from new windows (installed 2023) and are separately metered for OPPD and MUD utilities. Currently, all units are vacant, providing immediate potential for rental income. This historic building offers a blend of character and modern updates, making it an attractive proposition for investors seeking a versatile property in a desirable Omaha location. The net rentable area is 1,320 square feet, spread across the one, two-story building. This property is ready for an owner-operator to add their personal touch and maximize its income potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $375,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $385,000
- Mixed-Use
- $425,000
- Hospitality
- $405,000
- Educational
- $325,000
- Residential Income
- $425,000
- Energy
- $375,000
- Income-Based Land
- $350,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Douglas
- State
- Nebraska
- Longitude
- -95.9433
- Latitude
- 41.2039
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA