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

    7623 Main St Omaha, NE 68127-3916

    • Office buildings
    • 1,748 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    9.7%
    Office buildings
    Location Intelligence
    Property ID
    US57-0092655
    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

    • D.I.N. Property Solutions, LLC / Property Management Company / Property Investment Company
    • Dr. Joseph C. Nemec, DDS / Doctor

    Property Details for 7623 Main St

    Year built
    1953
    Lot size
    0.09 lot acres
    Property size
    1,748 SF
    Zone code
    RALSTON
    Property type
    Office buildings
    APN
    2044610000
    APU
    2044610000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $425,000
      6.5%
      $390,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $177,000
      Market price range: $147k - $232k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $195,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $325,000
      Change: +66% Conversion: Difficult
      RETAIL STORES
      $275,000
      Change: +39% Conversion: Moderate
      MEDICAL BUILDING
      $265,000
      Change: +34% Conversion: Easy
      AUTO REPAIR, GARAGE
      $260,000
      Change: +32% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $245,000
      Change: +25% Conversion: Easy
      WAREHOUSE, STORAGE
      $175,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.0309
    Latitude
    41.2013
    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
    $2,491
    $37,500
    $78,600
    $116,100
    -
    $37,500
    $78,600
    $116,100

    Comparable in this City

    • Value Estimation
      $255,000
      5,715 SF

      10711 O St

      OFFICE BUILDING • 5,715 SF
      10711 O St, Omaha, NE 68127-1938
      View Details
    • Value Estimation by Request
      1,500 SF

      7621 Park Dr

      OFFICE BUILDING • 1,500 SF
      7621 Park Dr, Omaha, NE 68127-3943
      View Details
    • Value Estimation
      $350,000
      11,408 SF

      9999 J St

      OFFICE BUILDING • 11,408 SF
      9999 J St, Omaha, NE 68127-1128
      View Details
    • Value Estimation
      $405,000
      10,314 SF

      4710 96th St

      OFFICE BUILDING • 10,314 SF
      4710 96th St, Omaha, NE 68127
      View Details
    • Value Estimation
      $315,000
      2,000 SF

      5310 107th Ave

      OFFICE BUILDING • 2,000 SF
      5310 107th Ave, Omaha, NE 68127-2923
      View Details
    • Value Estimation
      $1,565,000
      12,260 SF

      4815 107th Ave

      OFFICE BUILDING • 12,260 SF
      4815 107th Ave, Omaha, NE 68127-1904
      View Details

    Similar Nearby for Sale

    • $5,980,000
      56,416 SF

      Omaha Office Building - Prime Location

      56,416 SF Office, Owner/User Opportunity
      9810 M St, Omaha, NE 68127
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    • Contact for pricing
      12,146 SF

      Retail/Office Space For Sale

      Retail/office space with high visibility and traffic counts.
      4227 S 84Th St, Omaha, NE 68127
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    • Contact for pricing

      Highway 6 Commercial Land Opportunity

      Commercial land for mixed-use development on Highway 6.
      20510 R St, Elkhorn, NE 68127
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    • $3,500,000
      22,468 SF

      Industrial Warehouse/Manufacturing Building For Sale

      Industrial warehouse/manufacturing building with convenient location and easy access to I-80.
      7880 F St, Omaha, NE 68127
      View Details
    • $130,000
      0.38 Acres

      Residential Lots Bundle For Sale

      Bundle of four flat, cleared residential lots ready for design.
      16 Country Club Rd, Ralston, NE 68127
      View Details
    • $7,900,000
      53,900 SF

      4100 76Th Cir

      Flex space • 53,900 SF
      4100 76Th Cir, Omaha, NE 68127
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      56,416 SF

      Omaha Medical Office/Flex Space

      56,416 SF Multi-Tenant Industrial Building
      9810 M St, Omaha, NE 68127
      View Details
    • $7,800 /Mo
      208,520 SF

      Modern Omaha Executive Office Space

      Premium furnished suites, flexible terms.
      8790 F St, Omaha, NE 68127
      View Details
    • $11 SF/Yr
      11,825 SF

      Omaha Office Space For Rent

      Centrally located office space with ample parking and nearby amenities.
      9805 Q St, Omaha, NE 68127
      View Details
    • $10,000 /Mo
      7,236 SF

      Ralston Flex Space Available

      Flex space with shop and office areas for rent.
      5210 South 86Th Plz, Ralston, NE 68127
      View Details
    • $8 SF/Yr
      1,960 SF

      Convenient Office Space Available

      Office space with tenant signage and park-at-your-door convenience.
      9616 M St, Omaha, NE 68127
      View Details
    • $12 SF/Yr
      21,500 SF

      Plaza 86: Flex Space Available

      Omaha Flex Space, Newly Renovated
      8626 F St, Omaha, NE 68127
      View Details
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    7623 Main St
    Omaha, NE 68127-3916
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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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