Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
9839 168th Ave Ste 2e Omaha, NE 68136-1190
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US57-1065623
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Total area
2,320 SF
Lot
4.68 ac (203,774 SF)
APN
11598226
UPID
US57-1065623
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
-
Elevate Health Clinics - Omaha NE Medical Clinic
-
Regenerative Medicine & Anti-aging Institute of Omaha Medical Clinic
-
Mrs. Claire Cunningham Marriage Or Relationship Counselor Counselor
-
Melanie Dresden, APRN Registered General Nurse
-
Realty ONE Group Authentic Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$339k
Blend (final)
Blend
$535k
Owner & transaction history
Mlk Holdings LLC · 4 yrs held
Mlk Holdings LLC
since 2022
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$435,000
+28.0%
Retail stores
$365,000
+7.1%
Medical building
$350,000
+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
$570,000
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$340,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$435,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$365,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$350,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$345,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$325,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $550k (Feb 17 2022)
Last sale anchor
$550k
Feb 17 2022
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
$231 / 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
$11,045
Tax year 2023
Assessed value
$477,997
Assessed 2023
Previous assessed
$477,997
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$58,200
Assessed improvement
$419,797
Land market value
$58,200
Improvement market value
$419,797
Total market value
$477,997
Applied tax rate
37,040.0000
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
2016
Heating
NONE
Stories
1
Total area
2,320 SF
Lot
4.68 ac (203,774 SF)
APN
11598226
UPID
US57-1065623
Jurisdiction
SARPY
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
$340,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$435,000
RETAIL STORES
Est. value
$365,000
MEDICAL BUILDING
Est. value
$350,000
AUTO REPAIR, GARAGE
Est. value
$345,000
COMMERCIAL (GENERAL)
Est. value
$325,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
2016
Heating
NONE
Stories
1
Lot
4.68 ac
Current owner
From public records · entity-resolved
Mlk Holdings LLC
Entity
Mailing address
1815 N 169TH PLZ, OMAHA, NE 68118-2802
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
—
Mlk Holdings LLC
—
Deed
related
$987,744 · Bankfirst
Jan 4, 2023
—
Mlk Holdings LLC
—
Deed
related
$200,769 · Bankfirst
Feb 17, 2022
$463,000
Mlk Holdings LLC
Cashelmore Bruckheim LLC
Warranty Deed
$395,250 · Commercial State Bank (andrews Tx
Dec 31, 2018
$283,000
Olsen Rental Group LLC
Outland Crossing LLC
Warranty Deed
$500,000 · Core Bk
Jun 28, 2017
—
Outland Crossing LLC
—
Grant Deed
related
$1,980,000 · Equitable Bk
Nov 3, 2016
—
Outland Crossing LLC
—
Deed Of Trust
related
$1,980,000 · Equitable Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9839 168th Ave Ste 2e?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
