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Property profile & analytics
OFF-MARKET
Estimated value
$14,020,000
Office buildings
808 Conagra Dr Omaha, NE 68102-5002
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0009659
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
121,094 SF
Lot
2.97 ac (129,373 SF)
APN
805105408
UPID
US57-0009659
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
-
Median (Bike/Boat/Book/etc) Store Corporate Office
-
Sherwood Foundation Charitable Organization Social Service Agency
-
Greater Omaha Chamber Business Service Center Advocacy Group
-
Retail Aware (Bike/Boat/Book/etc) Store Corporate Office
-
Gateway Development Corporation Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.36M
Blend (final)
Blend
$14.02M
Owner & transaction history
Hcd River Crossing Owner LLC · 6 yrs held
Hcd River Crossing Owner LLC
since 2020
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$22.6M
+48.4%
Retail stores
$18.9M
+24.1%
Medical building
$18.3M
+20.0%
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
OFFICE BUILDING
$15,240,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$22,625,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$18,920,000
Change: +24% · Conversion: Moderate
MEDICAL BUILDING
$18,290,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$17,970,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,965,000
Change: +11% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$13,215,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$14.02M
Range $12.62M – $15.42M · ±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
$116 / 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
$252,479
Tax year 2023
Assessed value
$11,967,000
Assessed 2023
Previous assessed
$11,967,000
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$2,693,600
Assessed improvement
$9,273,400
Land market value
$2,693,600
Improvement market value
$9,273,400
Total market value
$11,967,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Heating
YES
Cooling
YES
Stories
4
Units
1
Total area
121,094 SF
Lot
2.97 ac (129,373 SF)
APN
805105408
UPID
US57-0009659
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
OFFICE BUILDING Current
Est. value
$15.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.6M
RETAIL STORES
Est. value
$18.9M
MEDICAL BUILDING
Est. value
$18.3M
AUTO REPAIR, GARAGE
Est. value
$18.0M
COMMERCIAL (GENERAL)
Est. value
$17.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1989
Heating
YES
Cooling
Yes
Stories
4
Units
1
Lot
2.97 ac
Current owner
From public records · entity-resolved
Hcd River Crossing Owner LLC
Entity
Mailing address
11 CONAGRA DRMS-PTG, OMAHA, NE 68102-5011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 3, 2020
$2,000,000
Hcd River Crossing Owner LLC
Conagra Brands INC
Grant Deed
$50,000,000 · First Nat'l Bk/omaha
Sep 30, 2004
$18,284,000
Conagra Foods INC
Omaha Real Estate Inv Ptshp
Grant Deed
—
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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