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Property profile & analytics
FOR LEASE
Office buildings
950 S 10Th St Omaha, NE 68108
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US57-1020164
For Lease
1 / 16
$23 SF/Yr
950 S 10Th St, Omaha, NE 68108
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Property summary
AI-generated overview
The Rail & Commerce Building, a beautifully renovated historic property (1890, renovated 2015) located at 950 S 10th St, Omaha, NE 68108, offers flexible office space ideal for creative businesses and coworking environments. This four-story building in Douglas County boasts 81,935 total square feet, with 23,176 square feet currently vacant and immediately available. Spaces are divisible to a minimum of 2,000 square feet, allowing for customization to suit various business needs, with a maximum contiguous space of 23,176 square feet. The building is equipped with elevators for convenient access to all floors. Committed to sustainability, the Rail & Commerce Building utilizes rooftop solar panels and renewable energy credits to achieve carbon neutrality. A comprehensive composting and recycling program contributes to its zero-waste initiative. An additional 46,000 square feet of space can be made available upon request, providing significant expansion opportunities for growing businesses. This unique property blends historic charm with modern amenities, offering a distinctive and environmentally conscious workspace in the heart of Omaha.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1890
Total area
84,173 SF
Lot
1.52 ac (66,211 SF)
APN
730174047
UPID
US57-1020164
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
-
Highline Warren Industrial Manufacturer Production Facility
-
Verdis Group Environmental Consultant Professional Services
-
Infinite 8 Institute Consultant
-
xtDirect LLC Telecommunications Service Tech Support Center
-
Commerce Village Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.89M
Comparable Approach
Comparable
$18.03M
Blend (final)
Blend
$20.02M
Owner & transaction history
Rail & Commerce Landlord LLC · 10 yrs held
Rail & Commerce Landlord LLC
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.6M
+125.0%
Neighborhood: shopping center
$15.7M
+28.0%
Retail stores
$13.2M
+7.1%
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%
$20,460,000
6.5%
$18,885,000
7%
$17,535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,285,000
Current use
RESTAURANT
$27,635,000
Change: +125% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$15,725,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$13,150,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$12,710,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,490,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$20.02M
Range $18.02M – $22.02M · ±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
$238 / 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
$322,534
Tax year 2023
Assessed value
$15,287,500
Assessed 2023
Previous assessed
$15,287,500
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$2,113,900
Assessed improvement
$13,173,600
Land market value
$2,113,900
Improvement market value
$13,173,600
Total market value
$15,287,500
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
For Lease
Year built
1890
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
4
Units
1
Total area
84,173 SF
Lot
1.52 ac (66,211 SF)
APN
730174047
UPID
US57-1020164
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
$12.3M
RESTAURANT
Est. value
$27.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.7M
RETAIL STORES
Est. value
$13.2M
MEDICAL BUILDING
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$12.5M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1890
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
2
Units
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Rail & Commerce Landlord LLC
Entity
Mailing address
950 S 10TH ST STE #100, OMAHA, NE 68108-3296
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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 17, 2016
—
Rail & Commerce Landlord LLC
Resumo LLC
Grant Deed
related
$19,860,000 · Ntcic-rail & Commerce LLC
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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