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Property profile & analytics
OFF-MARKET
Estimated value
$6,900,000
Distribution centers
706 Crown Pt Ave Omaha, NE 68110-2800
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US57-0147144
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Total area
70,272 SF
Lot
5.18 ac (225,641 SF)
APN
2118618014
UPID
US57-0147144
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
Current use
Occupant on record · Public records
-
Fox Blocks by Airlite Plastics Co. Industrial Manufacturer Production Facility
-
Baker Garage Repair Services Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.67M
Blend (final)
Blend
$6.90M
Owner & transaction history
Airlite Plastics Co · 9 yrs held
Airlite Plastics Co
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.0M
+58.0%
Medical building
$10.6M
+52.7%
Auto repair, garage
$10.4M
+50.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,950,000
Current use
RETAIL STORES
$10,980,000
Change: +58% · Conversion: Moderate
MEDICAL BUILDING
$10,610,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,430,000
Change: +50% · Conversion: Easy
OFFICE BUILDING
$10,255,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,845,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$6.90M
Range $6.21M – $7.59M · ±10%
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
$98 / 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
$72,056
Tax year 2023
Assessed value
$3,415,300
Assessed 2023
Previous assessed
$3,415,300
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$282,100
Assessed improvement
$3,133,200
Land market value
$282,100
Improvement market value
$3,133,200
Total market value
$3,415,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
70,272 SF
Lot
5.18 ac (225,641 SF)
APN
2118618014
UPID
US57-0147144
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
WAREHOUSE, STORAGE Current
Est. value
$7.0M
RETAIL STORES
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$10.6M
AUTO REPAIR, GARAGE
Est. value
$10.4M
OFFICE BUILDING
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$9.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1998
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
5.18 ac
Current owner
From public records · entity-resolved
Airlite Plastics Co
Entity
Mailing address
6110 ABBOTT DR, OMAHA, NE 68110-2834
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2017
$3,580,000
Airlite Plastics Co
Cannonball Express INC
Warranty Deed
—
Oct 13, 2009
—
Cannonball Express INC
—
Deed Of Trust
related
$2,675,000 · West Gate Bank
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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