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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Retail space
9858 111th St, Omaha, NE 68142-1520
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US57-0212917
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Total area
6,000 SF
Lot
2.18 ac (94,961 SF)
APN
2037236002
UPID
US57-0212917
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
-
Yard Market Garden Center Garden Center
-
Yard Market Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.17M
Owner & transaction history
Applied Underwriters INC · 5 yrs held
Applied Underwriters INC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+19.6%
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%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
RETAIL STORES
$940,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,120,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$905,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$890,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$840,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$194 / 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
$19,657
Tax year 2023
Assessed value
$866,400
Assessed 2023
Previous assessed
$866,400
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$344,200
Assessed improvement
$522,200
Land market value
$344,200
Improvement market value
$522,200
Total market value
$866,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Stories
1
Units
1
Total area
6,000 SF
Lot
2.18 ac (94,961 SF)
APN
2037236002
UPID
US57-0212917
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
RETAIL STORES Current
Est. value
$940,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$890,000
OFFICE BUILDING
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$840,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2022
Heating
FORCED AIR
Stories
1
Units
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
Applied Underwriters INC
Entity
Free & Clear · 5 yrs held
Mailing address
7116 IRVINGTON RD, OMAHA, NE 68122-1227
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2020
$1,499,000
Applied Underwriters INC
Rainwood Pointe LLC
Grant Deed
—
Oct 11, 2018
—
Rainwood Pointe LLC
—
Deed
related
$750,000 · Core Bk
Aug 25, 2017
—
Rainwood Pointe LLC
—
Grant Deed
related
$1,222,597 · Core Bk
May 22, 2013
—
Rainwood One LLC
Rainwood Pointe LLC
Quit Claim Deed
related
—
Dec 12, 2011
$630,000
Rainwood Three LLC
Rainwood Pointe LLC
Grant Deed
related
$4,826,271 · Bankers Trust Co
Apr 1, 2011
—
Rainwood Pointe LLC
—
Deed Of Trust
related
$2,555,502 · Mutual Of Omaha Bank
Nov 17, 2010
—
Rainwood Pointe LLC
—
Deed Of Trust
related
$3,328,829 · Mutual Of Omaha Bank
Mar 9, 2009
—
Rainwood Pointe LLC
—
Deed Of Trust
related
$3,328,289 · Mutual Of Omaha Bank
—
—
Rainwood Pointe LLC
—
Deed Of Trust
related
$750,000 · Core Bk
—
—
Rainwood Two LLC
—
Deed Of Trust
related
$227,000 · Mutual Of Omaha Bank
—
—
Rainwood Pointe LLC
—
Loan Modification
related
$1,894,976 · Mutual/omaha 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.
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