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    5420 Radl Hwy Ste A Omaha, NE 68104-3593
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    Property profile & analytics

    5420 Radl Hwy Ste A, Omaha, NE 68104-3593

    View on Map
    • Strip malls
    • 4,680 SF
    • 0.33 lot acres
    Off-Market
    Property ID
    US57-1108886
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nail Art / Nail Salon
    • Creighton Community Health Center / Community Health Centre / Doctor
    • Dr. Monique A. Tolston, MD / Physician
    • Family First Health Care / Medical Clinic

    Property Details for 5420 Radl Hwy Ste A

    Year built
    2001
    Lot size
    0.33 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1830260000
    APU
    1830260000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 28, 2026 — Rw Revocable Living Trust Byz LLC Quitclaim Deed · related —
    Jul 8, 2025 $400,000 Byz LLC Tri Quan Tran Warranty Deed —

    Description

    This fee-simple owned, 4,680 square foot retail property located at 5420 Northwest Radial Hwy in Omaha, Nebraska, is available for $699,000. Built in 2001, the single-story building sits on a 0.32-acre lot and features three units, each currently vacant, offering immediate occupancy. The property boasts 13 parking spaces and is zoned General Commercial (GC), allowing for a variety of business uses. The asking price equates to $149.36 per square foot. This prime location in the Benson area offers high visibility and accessibility, making it an ideal investment opportunity for entrepreneurs and investors seeking a versatile commercial space. The property is a single building with ample parking and is ready for immediate occupancy by a variety of tenants. The property's location in the vibrant Benson area of Omaha, Nebraska, provides excellent access to a large customer base. This is a rare opportunity to acquire a well-located, vacant retail property in a thriving commercial district. The property's size and zoning provide flexibility for a range of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9984
    Latitude
    41.2853
    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
    $85,700
    $304,000
    $389,700
    -
    $85,700
    $304,000
    $389,700

    Comparable in this City

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    • Value Estimation by Request
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      6109 Ames Ave

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
      $1,480,000
      13,600 SF

      5717 60th St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
      $2,440,000
      30,410 SF

      5921 Ames Ave

      SHOPPING CENTER, STRIP CENTER
      5921 Ames Ave, Omaha, NE 68104-2705
      View Details
    • Value Estimation
      $3,815,000
      17,070 SF

      5070 Ames Ave

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation by Request
      3,616 SF

      6058 Ames Ave

      SHOPPING CENTER, STRIP CENTER
      6058 Ames Ave, Omaha, NE 68104-2070
      View Details

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      Updated Retail Building For Sale

      Renovated retail building in Southeast Benson neighborhood, suitable for retail/office.
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      Benson Duplex: Investor Opportunity

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    Similar Nearby for Lease

    • $14 SF/Yr

      Retail-Ready Storefront Suites

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      Northwest Radial Highway Commercial Space

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      89,625 SF

      Omaha Commercial Land - 2 Acres

      Prime Omaha location, 89,625 sq ft lot, high traffic.
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    Omaha, NE 68104-3593
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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