Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    137th & Elbow Bnd Rd Bellevue, NE 68005

    Sponsored
    For Sale
    $765,000

    Farms/Ranches - Bellevue, NE

    Type:Farm
    Lot size:
    130.12 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 17 at 11:06 am

    Property Features for 137th & Elbow Bnd Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    APN
    010629513,011592193,011592216,011592215,011040424
    Lot size
    130.12 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Staci Mueller
    Staci Mueller

    BHHS Ambassador Real Estate (402) 493-4663

    Listing agent Staci Mueller (402) 493-4663 License #20080312

    Listing date Feb 12, 2026

    MLS# 22602037 Listing URL

    Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Bellevue Farm and Recreation Land

    This 130.12-acre property, situated between the Missouri River and Bellevue Loup Trail, offers both income-generating farmland and recreational opportunities near Omaha. The land can be accessed from the south side, off Elbow Bend Road. The property includes 85.73 acres of cropland, 10.96 acres of non-crop area, and 33.43 acres of grass and timber. Located in the floodway, the property does not allow for permanent buildings, but allows parking a trailer for up to 180 days. The property is suitable for hunting, fishing, trail riding, exploring, and farming.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Bellevue
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.8956
    Latitude
    41.1369

    Nearby Similar for Sale

    • $650,000

      Bellevue Fourplex with Rental Income

      Cash-flowing fourplex in Bellevue, ideal for owner-occupants.
      6918 S 39Th St, Bellevue, NE 68147
      View Details
    • $1,795,000
      60.34 Acres

      60.34 Acres with Gun Range

      60.34 acres of farmland with a six-position firing range.
      3545 Harlan Lewis Rd, Bellevue, NE 68005
      View Details
    • Contact for pricing
      23,989 SF

      Office Space Near Air Base

      Office suites available near Offutt Air Force Base.
      11515 S 39Th St, Bellevue, NE 68123
      View Details
    • Contact for pricing

      Warehouse/Distribution Space in Bellevue, Nebraska

      New warehouse/distribution space with easy Interstate access.
      13854 Fort Crook Rd S, Bellevue, NE 68123
      View Details
    • Contact for pricing

      Charming Condo with Bonus Room

      Two-bedroom condo with bonus and recreation rooms in Bellevue.
      2529 Mose Ave, Bellevue, NE 68147
      View Details
    • $9,700,000
      97,389 SF

      Bellevue, NE Data Center Investment

      97,389 SF TierPoint Data Center; 6% Cap Rate
      1001 Fort Crook Rd, Bellevue, NE 68005
      View Details
    • $680,000
      7,260 SF

      Bellevue Industrial Property

      9.15-acre manufacturing/cold storage facility.
      1000 Cunningham Rd, Bellevue, NE 68005
      View Details
    • $1,900,000
      600 SF

      Bellevue Industrial Portfolio

      Five buildings, 23,540 SF, 6 acres
      3002 Mechanic Dr, Bellevue, NE 68005
      View Details

    FAQs

    What type of property is this?
    Farm - 130.12 acres of farm and recreational land near Omaha.
    Where is this farm located?
    The property is located at 137th & Elbow Bnd Rd Bellevue, NE.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: - 130.12 acres of farm and recreational land close to Omaha.; - Income-generating farm opportunity with 85.73 acres of cropland.; - Excellent hunting and recreational playground.
    (402) 699-0067
    Request Owner's contact information
    137th & Elbow Bnd Rd Bellevue, NE 68005
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    137th & Elbow Bnd Rd
    Bellevue, NE 68005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    137th & Elbow Bnd Rd Bellevue, NE 68005
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Staci Mueller
    Staci Mueller
    Real Estate License ID: 20080312
    (402) 699-0067 (402) 493-4663 (402) 657-5002
    Learn more
    Google sign-in failed. Please try again or use another login method.