Property summary
This exceptional 187-unit apartment building in Omaha, Nebraska presents a unique multifamily conversion opportunity. Located at 7270 Cedar Street, this six-story, 138,926 square foot property sits on a generous 3.7-acre lot and offers significant upside potential. Originally built in 1973 as a hotel, the property boasts extensive existing amenities including a pool, hot tub, cafe, bar, and a large courtyard. The current zoning is R-8, allowing for high-density residential use, perfectly… suited for capitalizing on its proximity to the University of Nebraska-Omaha and College of Saint Mary, as well as the Aksarben Village and CHI Health Bergan Mercy Campus. With 211 parking spaces and a compelling asking price of $6,950,000 ($37,166 per unit), this property offers a rare chance to acquire a substantial asset below replacement cost. The existing infrastructure and amenities provide a strong foundation for a successful multifamily conversion, promising significant returns for the astute investor. This prime location and substantial size make this an unparalleled investment opportunity in a thriving Omaha neighborhood.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
This community commercial district is intended for commercial facilities which serve the needs of several neighborhoods. Allowed commercial and office uses are generally compatible with nearby residential areas
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight