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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7342 Farnam St Omaha, NE 68114-4654

    • Retail space
    • 2,700 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1111567
    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

    • Myers Electric / Small Appliance Repair Service
    • Solar Heat & Electric / Solar Energy Company
    • Renewable Energy Coalition / Solar Energy Equipment Supplier

    Property Details for 7342 Farnam St

    Year built
    2000
    Lot size
    0.30 lot acres
    Property size
    2,700 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    800720003
    APU
    800720003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0266
    Latitude
    41.2582
    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
    $6,541
    $198,100
    $122,600
    $320,700
    -
    $198,100
    $122,600
    $320,700

    Comparable in this City

    • Value Estimation
      $1,080,000
      8,424 SF

      1901 72nd St

      RETAIL STORES (PERSONAL SERVICES) • 8,424 SF
      1901 72nd St, Omaha, NE 68114-1931
      View Details
    • Value Estimation
      $4,200,000
      5,040 SF

      1819 72nd St

      RETAIL STORES (PERSONAL SERVICES) • 5,040 SF
      1819 72nd St, Omaha, NE 68114-1949
      View Details
    • Value Estimation
      $1,335,000
      11,489 SF

      535 98th St

      RETAIL STORES (PERSONAL SERVICES) • 11,489 SF
      535 98th St, Omaha, NE 68114-2344
      View Details
    • Value Estimation
      $2,645,000
      7,135 SF

      7660 Dodge St

      RETAIL STORES (PERSONAL SERVICES) • 7,135 SF
      7660 Dodge St, Omaha, NE 68114-3635
      View Details
    • Value Estimation
      $1,345,000
      12,040 SF

      8600 Cass St

      RETAIL STORES (PERSONAL SERVICES) • 12,040 SF
      8600 Cass St, Omaha, NE 68114-2828
      View Details
    • Value Estimation
      $520,000
      4,850 SF

      10203 Regency Cir

      RETAIL STORES (PERSONAL SERVICES) • 4,850 SF
      10203 Regency Cir, Omaha, NE 68114-3705
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Omaha Strip Center For Sale

      Multi-use strip center in central Omaha with high visibility.
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      60,799 SF

      Office and Retail Space Available

      Office and retail spaces for sale near high-traffic area.
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    • $2,740,000

      Omaha Land For Sale

      Land available for sale in Omaha, Nebraska.
      333 S 72Nd St, Omaha, NE 68114
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    • Contact for pricing
      39,830 SF

      Renovated Office Space on Dodge

      Extensively renovated office space with high visibility on West Dodge.
      8701 W Dodge Rd, Omaha, NE 68114
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    • $2,740,000
      0.56 Acres

      72nd & Farnam Development Land

      Omaha commercial land, high traffic
      333 72Nd St, Omaha, NE 68114
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    • Contact for pricing
      20,786 SF

      Omaha Office Space For Sale

      Class B office space near Westroads Mall, built in 1995.
      1010 N 96Th St, Omaha, NE 68114
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    Similar Nearby for Lease

    • $9 SF/Yr
      1,200 SF

      Retail Space Near Interstate 80

      Retail space with high traffic count and ample parking.
      4442-4472 S 84Th St, Omaha, NE 68114
      View Details
    • $13 SF/Yr
      1,500 SF

      Retail Space Available For Rent

      Retail space available for lease, 1500 square feet.
      2305 N 90Th St, Omaha, NE 68114
      View Details
    • Contact for pricing
      2,368 SF

      Retail Space Available For Rent

      Retail space available for rent in Omaha, Nebraska.
      1303 S 72Nd St, Omaha, NE 68114
      View Details
    • $9 SF/Yr
      6,069 SF

      Retail/Flex Space in High-Traffic Area

      One-story building suitable for retail or flex use.
      1902 N 90Th St, Omaha, NE 68114
      View Details
    • $9 SF/Yr
      1,728 SF

      Retail Space with Front Parking

      Retail space with high traffic and convenient parking.
      3600-3640 N 90Th St, Omaha, NE 68114
      View Details
    • $13 SF/Yr
      1,707 SF

      Retail Space in Busy Center

      Retail space available in a busy Omaha shopping center.
      7609-7653 Cass St, Omaha, NE 68114
      View Details
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    7342 Farnam St
    Omaha, NE 68114-4654
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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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