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    Property profile & analytics

    6805 Pine St Omaha, NE 68106

    • Office buildings
    • 136,251 SF
    • 13.64 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0161414
    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

    • Scott Data Center / IT Consulting Firm / Data Center

    Property Details for 6805 Pine St

    Year built
    2001
    Lot size
    13.64 lot acres
    Property size
    136,251 SF
    Property type
    Office buildings
    APN
    501510551
    APU
    501510551

    Description

    This exceptional 110,000-square-foot single-tenant office building, constructed in 2004, presents a unique investment opportunity in Omaha, Nebraska. Located at 6805 Pine Street, in Douglas County, this one-story building is currently entirely vacant, offering significant potential for redevelopment or immediate occupancy. The property's prime location within the Midwest provides excellent access to regional transportation networks and a robust business community. Originally designed and utilized as a data center, the building boasts substantial infrastructure suitable for a variety of professional uses, catering to businesses of all sizes. Its adaptable layout allows for customization to meet the specific needs of a single large tenant or the potential division into smaller suites. The building's substantial square footage, combined with its strategic location and existing infrastructure, makes it an attractive proposition for businesses seeking a prominent presence in the Omaha market. The property's single-tenant history suggests a potential for long-term lease agreements, offering stability and predictable income streams for investors. This is a rare opportunity to acquire a significant commercial property in a thriving Nebraska market. The property's 2004 construction date indicates a relatively modern building with potential for upgrades and improvements to further enhance its value and appeal. The address is 6805 Pine Street, Omaha, NE 68106.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $19,881,000
      Market price range: $12.5M - $29.2M
      AI Estimate
      $11,981,000
      Market price range: $4.33M - $19.8M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $19,880,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $25,455,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $21,290,000
      Change: +7% Conversion: Moderate
      MEDICAL BUILDING
      $20,575,000
      Change: +4% Conversion: Easy
      AUTO REPAIR, GARAGE
      $20,220,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $19,085,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0167
    Latitude
    41.2429
    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
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,380,000
      12,226 SF

      6457 Frances St, Unit 2

      OFFICE BUILDING • 12,226 SF
      6457 Frances St, Omaha, NE 68106-2278
      View Details
    • Value Estimation
      $25,315,000
      216,496 SF

      6902 Pne St

      OFFICE BUILDING • 216,496 SF
      6902 Pne St, Omaha, NE 68106-2855
      View Details
    • Value Estimation
      $880,000
      7,544 SF

      5513 Ctr St

      OFFICE BUILDING • 7,544 SF
      5513 Ctr St, Omaha, NE 68106-3001
      View Details
    • Value Estimation
      $2,425,000
      23,313 SF

      6818 Grover St

      OFFICE BUILDING • 23,313 SF
      6818 Grover St, Omaha, NE 68106-3640
      View Details
    • Value Estimation
      $1,860,000
      9,552 SF

      6457 Frances St, Unit 1

      OFFICE BUILDING • 9,552 SF
      6457 Frances St, Omaha, NE 68106-2278
      View Details
    • Value Estimation by Request
      1,120 SF

      3515 50th St

      OFFICE BUILDING • 1,120 SF
      3515 50th St, Omaha, NE 68106-4507
      View Details

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      Modern Office Space Available

      Professional office space with great visibility and ample parking.
      4920 Center St, Omaha, NE 68106
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      6825 Pine St

      Office Units • 136,251 SF
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      View Details
    • Contact for pricing
      110,000 SF

      Omaha Data Center Opportunity

      110,000 SF Single-Tenant Office
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      View Details
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      Executive Plaza Office Suites in Omaha

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      2,380 SF

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      View Details
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    6805 Pine St
    Omaha, NE 68106
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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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