Large Location Icon

123 S 40th St; Omaha, NE Property Details

123 S 40th St, Omaha, NE is a Medical Bldg that was built in 1949. This property is currently a cash purchase and is not for sale. Our records show that 123 S 40th St has a total of 11,095 square feet. The lot size of 123 S 40th St is 26,543 square feet.

Off market
123 S 40th St Omaha, NE 68131
$1,841,700 Estimated Value
11,095 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1949
  • Purchase Price: $250,000
  • APN: 2321-0008-14
  • Situs County: Douglas
  • Length Of Ownership: 1 year, 6 months

Structure

  • Stories: 2
  • Building Condition: Good
  • Building Quality: B
  • Roof Type: Irr / Cathedral

Measurements

  • Total: 11,095/SqFt
  • Lot: 26,543/SqFt
  • Gross: 11,095/SqFt
  • Living: 11,095/SqFt
  • Building: 11,095/SqFt
  • Price Per Square Foot: $22.53

Legal Description

  • Description: JEROME PARK LOT 12 BLOCK 2 LOT 8 BLK 7 & LOTS 10,11,12 BLK 2
Building Insights

Land Information

  • Property Type: Medical Bldg
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Omaha Public Schools
  • Lat / Lon: 41.258553 / -95.972946
  • Subdivision: Jerome Park
  • Property Class: Office
  • Zoning: GC
  • County Use Code: 341

Amenities

  • Cooling: Packaged Unit
  • Heating: Yes

Ownership Info

123 S 40th St has no associated ownership info
123 S 40th St has no associated ownership info.

Taxes

123 S 40th St has 10 associated Taxes items

123 S 40th St, Omaha, NE pays taxes in Douglas County, NE. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $1,841,700. The APN we've located for 123 S 40th St is 2321-0008-14.

Unlock the full report
Taxes
  • Assessed Value:  $1,841,700
  • Assessed Year:  2025
  • Assessed County:  Douglas
  • APN:  2321-0008-14
  • Assessed Land Value:  167000
  • Market Land Value:  167000
  • Tax Amount:  30794.78
  • Tax Year:  2025
  • Market Value:  1841700
  • Market Year:  2025

Tax History

123 S 40th St has 8 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $1,841,700 Land Value $167,000 Improvement Value $1,674,700 Tax Amount $30,794.78 Change Rate Assessed CR Tax Rate +0.016721%
Year 2024 Assessed Value $1,785,600 Land Value $222,500 Improvement Value $1,563,100 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $1,627,000 Land Value $424,600 Improvement Value $1,202,400 Tax Amount $34,326.3 Change Rate -0.011632% Assessed CR Tax Rate +0.021098%
Year 2022 Assessed Value $1,627,000 Land Value $424,600 Improvement Value $1,202,400 Tax Amount $34,730.28 Change Rate +0.008528% Assessed CR Tax Rate +0.021346%
Year 2021 Assessed Value $1,627,000 Land Value $424,600 Improvement Value $1,202,400 Tax Amount $34,436.6 Change Rate -0.011374% Assessed CR Tax Rate +0.021166%
Year 2020 Assessed Value $1,627,000 Land Value $424,600 Improvement Value $1,202,400 Tax Amount $34,832.78 Change Rate +0.249664% Assessed CR Tax Rate +0.021409%
Year 2019 Assessed Value $1,298,100 Land Value $424,600 Improvement Value $873,500 Tax Amount $27,873.72 Change Rate +0.112053% Assessed CR Tax Rate +0.021473%
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $25,065.1 Change Rate Assessed CR Tax Rate