Sign Up Successful!
You now have access to more from Realmo!
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

    6705 Railroad Ave Omaha, NE 68107-4348

    • Office buildings
    • 532 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Jan 14, 2021
    $40,000
    Value Estimations
    $55,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0132134
    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

    • SSA HOT MOTORS AUTO SALES LLC / Auto Auction
    • VIP AUTO SALES LLC / Car Dealer

    Property Details for 6705 Railroad Ave

    Year built
    1977
    Lot size
    0.21 lot acres
    Property size
    532 SF
    Zone code
    GC
    Property type
    Office buildings
    APN
    1401010000
    APU
    1401010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $55,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $80,000
      Current use
      RETAIL STORES
      $85,000
      Change: +7% Conversion: Moderate
      MEDICAL BUILDING
      $80,000
      Change: +4% Conversion: Easy
      AUTO REPAIR, GARAGE
      $80,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.9382
    Latitude
    41.1927
    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
    $1,684
    $33,800
    $46,000
    $79,800
    -
    $33,800
    $46,000
    $79,800

    Comparable in this City

    • Value Estimation
      $290,000
      1,281 SF

      1901 Missouri Ave

      OFFICE BUILDING • 1,281 SF
      1901 Missouri Ave, Omaha, NE 68107-2047
      View Details
    • Value Estimation by Request
      704 SF

      4720 42nd St

      OFFICE BUILDING • 704 SF
      4720 42nd St, Omaha, NE 68107-2403
      View Details
    • Value Estimation by Request
      4,369 SF

      5418 27th St

      OFFICE BUILDING • 4,369 SF
      5418 27th St, Omaha, NE 68107-3492
      View Details
    • Value Estimation
      $480,000
      14,573 SF

      2536 Edward Babe Gomez Ave

      OFFICE BUILDING • 14,573 SF
      2536 Edward Babe Gomez Ave, Omaha, NE 68107-4446
      View Details
    • Value Estimation
      $370,000
      5,492 SF

      4151 Ee St

      OFFICE BUILDING • 5,492 SF
      4151 Ee St, Omaha, NE 68107-1129
      View Details
    • Value Estimation
      $285,000
      5,672 SF

      4412 42nd St

      OFFICE BUILDING • 5,672 SF
      4412 42nd St, Omaha, NE 68107-1057
      View Details

    Similar Nearby for Sale

    • $675,000

      High Visibility Retail/Office Building

      9,203 SF retail/office building on a prime corner lot.
      6714 N 30Th St, Omaha, NE 68107
      View Details
    • $1,700,000
      27,480 SF

      Omaha Industrial Property: 27,480 SF

      Heavy industrial, multi-use building, great location.
      4808 26Th St, Omaha, NE 68107
      View Details
    • $320,400

      Established Tavern with Real Estate

      Long-running neighborhood tavern with real estate for sale.
      6310 Gilmore Ave, Omaha, NE 68107
      View Details
    • $1,301,373

      Prime Land in Growing Area

      Land suitable for medical, professional, and retail uses.
      Q St, Omaha, NE 68107
      View Details
    • $495,000

      Multi-Family Investment Opportunity in Omaha

      Seven units plus a single-family home near Hanscom Park.
      3628 S 24Th St, Omaha, NE 68107
      View Details
    • $1,056,000

      Omaha Multi-Family Apartment Building

      12-unit apartment building with recent HVAC and roof upgrades.
      4422 S St, Omaha, NE 68107
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      3,223 SF

      Office Space in Prime Location

      Office suites available with great views and convenient amenities.
      1413 S Washington St, Papillion, NE 68107
      View Details
    • $18 SF/Yr
      6,102 SF

      Move-in Ready South Omaha Office

      Office space for rent in prime South Omaha location.
      4610 S 25Th St, Omaha, NE 68107
      View Details
    • $5 SF/Yr
      6,000 SF

      Omaha Industrial Space For Lease

      Industrial space available in Central Industrial Park, Omaha, Nebraska.
      3626 D St, Omaha, NE 68107
      View Details
    • $15 SF/Yr
      81,592 SF

      Retail Center on 36th Street

      Vibrant retail center with flexible space in a populated neighborhood.
      5135 South 36Th St, Omaha, NE 68107
      View Details
    • Contact for pricing

      Land for Lease in Omaha

      Land available for lease in Omaha, Nebraska.
      P St, Omaha, NE 68107
      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.
    6705 Railroad Ave
    Omaha, NE 68107-4348
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.