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    6909 S 157Th St Omaha, NE 68136

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    6909 S 157Th St Omaha, NE 68136

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    • Strip malls
    • 11,520 SF
    • 2.26 lot acres
    For Lease
    $14 SF/Yr
    View Listing →
    Retail Space in Established Center For Lease
    $14 SF/Yr
    2,160 SF

    Retail Space in Established Center

    Retail/office space in well-established neighborhood center on 156th & Harrison.

    6909 S 157 St, Omaha, NE
    View Listing
    Property ID
    US57-1120234
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • E3 Learning Academy / High School / Daycare Center
    • Taggart-Burns Carolyn DDS / Dental Office
    • Makovicka Physical Therapy / Medical Clinic
    • Cory Sylliaasen / Physician
    • Megan Classen / Physician

    Property Details for 6909 S 157Th St

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    2.26 lot acres
    Property size
    11,520 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    11309563
    APU
    11309563

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,150,000
      Current use
      RETAIL STORES
      $1,800,000
      Change: -16% Conversion: Easy
      MEDICAL BUILDING
      $1,740,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.1599
    Latitude
    41.1901
    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
    $57,814
    $491,370
    $2,352,130
    $2,843,500
    -
    $491,370
    $2,352,130
    $2,843,500

    Comparable in this City

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      26,382 SF

      16919 Audrey St

      SHOPPING CENTER, STRIP CENTER • 26,382 SF
      16919 Audrey St, Omaha, NE 68136-3187
      View Details
    • Value Estimation
      $700,000
      4,560 SF

      17202 Audrey St

      SHOPPING CENTER, STRIP CENTER • 4,560 SF
      17202 Audrey St, Omaha, NE 68136-3133
      View Details
    • Value Estimation
      $1,475,000
      10,050 SF

      16944 Audrey St

      SHOPPING CENTER, STRIP CENTER • 10,050 SF
      16944 Audrey St, Omaha, NE 68136-3179
      View Details
    • Value Estimation
      $1,215,000
      9,956 SF

      10156 168th Ave

      SHOPPING CENTER, STRIP CENTER • 9,956 SF
      10156 168th Ave, Omaha, NE 68136-4239
      View Details
    • Value Estimation
      $6,500,000
      13,265 SF

      18920 Edna St

      SHOPPING CENTER, STRIP CENTER • 13,265 SF
      18920 Edna St, Omaha, NE 68136-1715
      View Details
    • Value Estimation
      $1,700,000
      12,300 SF

      17128 Audrey St

      SHOPPING CENTER, STRIP CENTER • 12,300 SF
      17128 Audrey St, Omaha, NE 68136
      View Details

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      Residential Lot in Garden Oaks

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      Prime Retail Lots Near Village Pointe

      Two subdividable lots near shopping, dining, and entertainment destination.
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      Prime Commercial Land Available

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    Similar Nearby for Lease

    • Contact for pricing

      Modern Retail/Office Space Available

      New retail or office space for lease in Omaha.
      18960 Edna St, Omaha, NE 68136
      View Details
    • $21 SF/Yr
      2,000 SF

      Retail Space with Front Parking

      Retail space available for rent with front door parking.
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      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces ranging from 1,500 to 12,000 SqFt available.
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      View Details
    • $3,234 /Mo

      Restaurant Space with Drive-Thru

      Restaurant space with drive-thru in Harrison Village Plaza.
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      View Details
    • $24 SF/Yr
      8,750 SF

      Retail Space Available For Lease

      Retail space for lease with Q4 2025 delivery.
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      View Details
    • Contact for pricing

      Retail Center Near Highway 370

      New retail center with tenant improvements ready, phase 2 under construction.
      18870 Oakmont Dr, Omaha, NE 68136
      View Details
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    Omaha, NE 68136
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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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