Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5608 Ames Ave Omaha, NE 68104-2702

    • Grocery and convenience stores
    • 1,876 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1164522
    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

    • NP MART 1 / Grocery & Convenience Store
    • Byte Federal Bitcoin ATM (NP Mart 1) / Crypto Atm / Atm
    • LibertyX Bitcoin ATM / Atm

    Property Details for 5608 Ames Ave

    Year built
    1955
    Lot size
    0.41 lot acres
    Property size
    1,876 SF
    Property type
    Grocery and convenience stores
    APN
    635460000
    APU
    635460000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0002
    Latitude
    41.2998
    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
    $3,667
    $50,000
    $123,800
    $173,800
    -
    $50,000
    $123,800
    $173,800

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      6606 Blondo St

      CONVENIENCE STORE • 2,400 SF
      6606 Blondo St, Omaha, NE 68104-4631
      View Details
    • Value Estimation by Request
      1,520 SF

      1533 Saddle Crk Rd

      GROCERY, SUPERMARKET • 1,520 SF
      1533 Saddle Crk Rd, Omaha, NE 68104-5064
      View Details
    • Value Estimation by Request
      1,595 SF

      4229 60th St

      CONVENIENCE STORE • 1,595 SF
      4229 60th St, Omaha, NE 68104
      View Details
    • Value Estimation by Request
      840 SF

      5822 Maple St

      CONVENIENCE STORE • 840 SF
      5822 Maple St, Omaha, NE 68104-4140
      View Details
    • Value Estimation by Request
      2,206 SF

      6206 Ames Ave

      CONVENIENCE STORE • 2,206 SF
      6206 Ames Ave, Omaha, NE 68104-2047
      View Details
    • Value Estimation by Request
      1,456 SF

      6501 Ames Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,456 SF
      6501 Ames Ave, Omaha, NE 68104-1926
      View Details

    Similar Nearby for Sale

    • $609,000
      2,332 SF

      Benson Mixed-Use Triplex

      Updated triplex with commercial space in vibrant Benson district.
      5519 NW Radial Hwy, Omaha, NE 68104
      View Details
    • $245,000

      Updated Retail Building For Sale

      Renovated retail building with value-add potential available for sale.
      4963 Northwest Radial Hwy, Omaha, NE 68104
      View Details
    • $575,000

      Historic Benson Retail Building For Sale

      Retail building in Benson entertainment district, great walkability.
      6016 Maple St, Omaha, NE 68104
      View Details
    • $245,000
      2,400 SF

      Updated Retail Building For Sale

      Renovated retail building in Southeast Benson neighborhood, suitable for retail/office.
      4963 NW Radial Hwy, Omaha, NE 68104
      View Details
    • Contact for pricing

      Development Opportunity on 72nd Street

      Block available for retail or mixed-use development.
      7117 Maple St, Omaha, NE 68104
      View Details
    • $659,000

      Corner Commercial Lots For Sale

      Two contiguous commercial lots at high-traffic corner in Omaha.
      7105 N 72Nd St, Omaha, NE 68104
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr

      Updated Retail Building For Lease

      Updated retail building with value-add potential available for lease.
      4963 Northwest Radial Hwy, Omaha, NE 68104
      View Details
    • Contact for pricing

      Retail Strip Center For Rent

      Retail strip center with excellent visibility on Ames Avenue.
      5050 Ames Ave, Omaha, NE 68104
      View Details
    • Contact for pricing

      Retail Space on Ames Avenue

      High-traffic retail space with ample parking and basement option.
      6059 Ames Ave, Omaha, NE 68104
      View Details
    • Contact for pricing

      Redevelopment Retail Space in Benson

      Redeveloped retail space suitable for restaurant or retail.
      6137 Military Ave, Omaha, NE 68104
      View Details
    • Contact for pricing
      89,625 SF

      Omaha Commercial Land - 2 Acres

      Prime Omaha location, 89,625 sq ft lot, high traffic.
      7117 Maple St, Omaha, NE 68104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5608 Ames Ave
    Omaha, NE 68104-2702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!