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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Commercial real estate
5820 Erskine St Omaha, NE 68104-4158
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US57-0232373
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Construction
FRAME
Total area
21,188 SF
Lot
1.04 ac (45,302 SF)
APN
2138500000
UPID
US57-0232373
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.94M
Owner & transaction history
Sandra Ann LLC · 5 yrs held
Sandra Ann LLC
since 2020
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.2M
+7.8%
Auto repair, garage
$3.1M
+5.9%
Office building
$3.1M
+4.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Omaha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Omaha submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,075,000
ML approach
$2,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,970,000
Current use
MEDICAL BUILDING
$3,200,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,145,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$3,090,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10% · vs last sale $1.80M (Nov 17 2020)
Last sale anchor
$1.80M
Nov 17 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,050
Tax year 2023
Assessed value
$1,661,300
Assessed 2023
Previous assessed
$1,661,300
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$68,300
Assessed improvement
$1,593,000
Land market value
$68,300
Improvement market value
$1,593,000
Total market value
$1,661,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
25
Rooms
25
Total area
21,188 SF
Lot
1.04 ac (45,302 SF)
APN
2138500000
UPID
US57-0232373
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
25
Rooms
25
Lot
1.04 ac
Current owner
From public records · entity-resolved
Sandra Ann LLC
Entity
Mailing address
PO BOX 540491, OMAHA, NE 68154-0491
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
$1,803,000
Sandra Ann LLC
Shirley Ann Apartments LLP
Warranty Deed
$1,580,000 · Exchange Bank
Oct 30, 2020
—
Shirley Ann Apartments LLP
—
Deed
related
$1,000,773 · Kenneth P Regan
Nov 1, 2018
$1,450,000
Shirley Ann Apartments LLP
Mpm LLC
Warranty Deed
$1,015,000 · American Federal Bank
Apr 22, 2011
—
Mpm LLC
Mashek,edward & Terri
Warranty Deed
related
—
—
—
Mpm LLC
—
Deed Of Trust
related
$675,000 · First State Bank
—
—
Shirley Ann Apartments LLP
—
Deed Of Trust
related
$1,000,773 · Kenneth P Regan
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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