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Property profile & analytics
OFF-MARKET
Estimated value
$7,260,000
Medical Office Space
8901 Indian Hls Dr Omaha, NE 68114-4029
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US57-1163395
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
39,456 SF
Lot
1.44 ac (62,726 SF)
Zoning code
GO
APN
130890013
UPID
US57-1163395
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.22M
Comparable Approach
Comparable
$8.74M
Blend (final)
Blend
$7.26M
Owner & transaction history
Spence Accomdation Xviii LLC · 19 yrs held
Spence Accomdation Xviii LLC
since 2007
1 recorded transaction
Zoning & alternative use
GO · Omaha, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.4M
+23.7%
Retail stores
$6.2M
+3.5%
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%
$8,900,000
6.5%
$8,215,000
7%
$7,630,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,960,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,370,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$6,165,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,855,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,525,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$7.26M
Range $6.53M – $7.99M · ±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
$184 / 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
$211,369
Tax year 2023
Assessed value
$10,363,600
Assessed 2023
Previous assessed
$10,363,600
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$626,800
Assessed improvement
$9,736,800
Land market value
$626,800
Improvement market value
$9,736,800
Total market value
$10,363,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Units
4
Total area
39,456 SF
Lot
1.44 ac (62,726 SF)
Zoning code
GO
APN
130890013
UPID
US57-1163395
Jurisdiction
DOUGLAS
Zoning & alternative use
GO · Omaha, NE
Zoning GO · permitted uses
GO · Omaha, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Omaha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
RETAIL STORES
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.5M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1980
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
4
Lot
1.44 ac
Current owner
From public records · entity-resolved
Spence Accomdation Xviii LLC
Entity
Mailing address
12500 I ST STE #160, OMAHA, NE 68137-1254
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2007
$4,700,000
Spence Accomdation Xviii LLC
Continental General Ins
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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