Property profile & analytics
6005 72nd St Omaha, NE 68134-2300
- Drug stores
- 14,466 SF
- 1.70 lot acres
OFF-MARKET
Last Sale
Nov 27, 2023
Nov 27, 2023
$3,129,000
Value Estimations
$3,125,000
Show details
Cap Rate Potential
5.6%
Drug stores
Location Intelligence
Property ID
US57-0261640
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
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Walgreens Pharmacy / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
- FedEx OnSite / Postal Service / Courier Service
- Blue Rhino Propane Exchange / Propane Supplier
Property Details for 6005 72nd St
- Year built
- 2007
- Lot size
- 1.70 lot acres
- Property size
- 14,466 SF
- Zone code
- CC
- Property type
- Drug stores
- APN
- 2233978020
- APU
- 2233978020
Description
This exceptional investment opportunity presents a fee-simple ownership of a 13,000 square foot Walgreens pharmacy located at 6005 N 72nd St, Omaha, NE 68134. The property sits on a 1.7-acre lot and boasts a 14-year remaining lease term (commencing November 20, 2023 and expiring November 29, 2038) with a corporate guarantee from Walgreens. The absolute NNN lease structure ensures minimal landlord responsibilities. A significant advantage is the built-in rent escalations of 5% every five years, providing consistent income growth. The property's strong financial performance is reflected in a 6.15% cap rate and a net operating income (NOI) of $228,144, with an asking price of $3,650,304 ($285.36 per square foot). Built in 2007, this strategically located Walgreens benefits from high visibility on a signalized hard corner with over 55,000 vehicles passing daily. Its proximity to four major schools (totaling over 4700 students), CHI Health hospital, and a Target-anchored shopping center with numerous national tenants (including Petsmart, Ross, Marshalls, Big Lots, Taco Bell, KFC, and Chick-fil-A) ensures strong and consistent customer traffic. The 10-mile trade area boasts a population exceeding 215,000 residents with an average household income over $77,000, further solidifying the investment's potential. The lease includes twelve, five-year options. 100% occupancy is currently maintained.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,110,000
- ML approach
- $3,130,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,915,000
- 6.5%
- $2,690,000
- 7%
- $2,500,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,137,000
Market price range: $1.02M - $3.57M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,260,000 Current use
- RESTAURANT
- $4,750,000 Change: +110% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $2,705,000 Change: +20% Conversion: Moderate
- MEDICAL BUILDING
- $2,185,000 Change: -3% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,145,000 Change: -5% Conversion: Difficult
- OFFICE BUILDING
- $2,110,000 Change: -7% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,025,000 Change: -10% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Douglas
- State
- Nebraska
- Longitude
- -96.0232
- Latitude
- 41.3133
- 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
$60,019
$1,108,200
$1,736,600
$2,844,800
-
$1,108,200
$1,736,600
$2,844,800
