Add Listing
    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

    405 W P Street Weeping Water, NE 68463

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $90,000

    Residential - Weeping Water, NE

    Lot size:
    0.97 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 22 at 3:06 am

    Property Features for 405 W P Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    130063215, 130063134, and 130065730
    Lot size
    0.97 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1057.11

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jocelyn Sheldon

    Listing agent Jocelyn Sheldon License #20171162

    Listing office Better Homes and Gardens R.E. 4949 Underwood Ave, Omaha, NE

    Listing date Apr 20, 2026

    MLS# 22610733 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.

    Overview

    Large Residential Lot in Town

    This property is a 0.97-acre tract at the intersection of West P and Commercial Street in Weeping Water, Nebraska. It offers a high-visibility opportunity across three lots. The property is suitable for a private estate with room for a shop and garden. It provides fast highway access to both Omaha and Lincoln and is minutes from historic downtown, local parks, and schools.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weeping Water
    County
    Cass
    State
    Nebraska
    Longitude
    -96.1444865
    Latitude
    40.8640125

    Nearby Similar for Sale

    • $60,000

      Residential Lots in Vogler Development

      Diverse building sites in Weeping Water, utilities in place.
      Lot 3, Blk 1 N East Park Street, Weeping Water, NE 68463
      View Details
    • $45,000

      Residential Lots in Vogler Development

      Residential lots available in Weeping Water, Nebraska.
      Lots 3-4, Blk 2 N East Park Street, Weeping Water, NE 68463
      View Details
    • $45,000

      Residential Lots in Vogler Development

      Diverse building sites in Weeping Water, NE, with utilities.
      Lots 1-2, Blk 2 N East Park Street, Weeping Water, NE 68463
      View Details
    • $45,000

      Residential Lots in Vogler Development

      Diverse building sites with utilities in Weeping Water, Nebraska.
      Lot 7, Blk 2 N East Park Street, Weeping Water, NE 68463
      View Details
    • $45,000

      Residential Lots in Vogler Development

      Diverse building sites in Weeping Water, utilities in place.
      Lots 5-6, Blk 2 N East Park Street, Weeping Water, NE 68463
      View Details
    • $80,000

      Acreage Building Sites in Weeping Water

      Acreage building sites with utilities in city limits.
      Lot 2, Blk 3 Indian Drive, Weeping Water, NE 68463
      View Details
    • $95,000

      Acreage Building Site in City

      Acreage building site with utilities in Weeping Water, Nebraska.
      Lot 1, Blk 3 Indian Drive, Weeping Water, NE 68463
      View Details
    • $80,000

      Acreage Building Sites Available

      Acreage building sites with utilities in Weeping Water, Nebraska.
      Lot 3, Blk 3 Indian Drive, Weeping Water, NE 68463
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nearly one acre lot with highway access to Omaha and Lincoln.
    Where is this residential land & home lot located?
    The property is located at 405 W P Street Weeping Water, NE.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: Nearly one full acre in town (.97 acres); High‑visibility location at the intersection of West P and Commercial Street; Blank canvas opportunity across three massive lots
    (402) 677-8816
    We can help!
    Listing Contact
    Jocelyn Sheldon
    Real Estate License ID: 20171162
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!