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

    4812 N 215th Street Elkhorn, NE 68022

    View on Map
    Claim this Listing
    For Sale
    $111,000

    Residential - Elkhorn, NE

    Lot size:
    0.25 Acres
    Added:
    Sep 26, 2025
    Days on Market:
    215
    Last Refresh:
    Apr 28 at 7:06 am

    Property Features for 4812 N 215th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1709824020
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    243.76

    Building Details

    Architectural style
    Other
    BuilderName
    Timeless Custom Homes

    We can help!

    Listing Contact
    Kara Bellino
    Kara Bellino

    Listing agent Kara Bellino License #20150342

    Listing office BHHS Ambassador Real Estate 331 Village Pointe Plz, Omaha, NE

    Listing date Sep 26, 2025

    MLS# 22527920 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

    Residential Lot in Elkhorn, NE

    This residential lot, situated in Elkhorn, Nebraska, offers an opportunity to design and build a custom home. The lot spans 0.246 acres and is designated as a walk-out lot. Prospective buyers can collaborate with Timeless Custom Homes to create a residence tailored to their lifestyle, with floor plans starting at $550,000. The property is located at 4812 N 215th Street, Elkhorn, NE 68022, in Douglas County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Spa & Massage Center Hotel & Motel Gym & Fitness Center Department Store Kitchen & Bath Showroom Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhorn
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.2519182
    Latitude
    41.2138598

    Nearby Similar for Sale

    • $2,600,000

      Elkhorn Land Opportunity

      9.98 acres in a sought-after, growing Omaha location.
      21313 W Q Road, Elkhorn, NE 68022
      View Details
    • $235,000

      Premium Lot in Exclusive Community

      Last available half-acre lot in desirable Elkhorn community.
      21062 Valley Circle, Elkhorn, NE 68022
      View Details
    • $225,000

      Residential Land in Legend Trails

      Over an acre to build your dream home!
      22426 N Plaza Circle, Elkhorn, NE 68022
      View Details
    • $260,000

      Residential Lot in Legend Trails

      Premier 1.298-acre corner lot in Elkhorn's Legend Trails.
      22322 O Plaza, Elkhorn, NE 68022
      View Details
    • $180,000

      Residential Lot in Elkhorn, NE

      Residential lot available in the Privada neighborhood, Elkhorn, NE.
      3311 S 207th Street, Elkhorn, NE 68022
      View Details
    • $595,000

      Elkhorn Acreage Lot For Sale

      2.78-acre builder-attached lot in gated Elkhorn acreage community.
      2225 N 216th Court Circle, Elkhorn, NE 68022
      View Details
    • $575,000

      Elkhorn Acreage Lot For Sale

      3.24-acre builder-attached lot in gated Elkhorn acreage community.
      2113 N 216th Court Circle, Elkhorn, NE 68022
      View Details
    • $795,000

      Elkhorn Acreage Lot For Sale

      2.02-acre builder-attached lot in gated acreage community.
      2349 N 216th Court Circle, Elkhorn, NE 68022
      View Details
    • $545,000

      Elkhorn Acreage Lot For Sale

      3.29-acre lot in gated acreage community, near Dodge Street.
      2224 N 216th Court Circle, Elkhorn, NE 68022
      View Details
    • $535,000

      Elkhorn Acreage Lot For Sale

      3.71-acre lot in gated Elkhorn acreage community.
      2001 N 216th Court Circle, Elkhorn, NE 68022
      View Details
    • $114,000

      Residential Lot Backing Future Lake

      Exceptional walkout lot backing to the future NRD lake!
      4816 N 215th Street, Elkhorn, NE 68022
      View Details
    • $535,000

      Elkhorn Acreage Lot for Dream Home

      3-acre lot in gated community near Dodge Street.
      2336 N 216th Court Circle, Elkhorn, NE 68022
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot available for custom home construction in Elkhorn, Nebraska.
    Where is this residential land & home lot located?
    The property is located at 4812 N 215th Street Elkhorn, NE.
    What is the asking price?
    The asking price for this property is $111,000.
    What are key features of this property?
    This property features: Walk‑out lot provides desirable outdoor living options.; Opportunity to design and build a custom home.; Timeless Custom Homes offers design and construction services.
    (402) 968-7756
    We can help!
    Listing Contact
    Kara Bellino
    Kara Bellino
    Real Estate License ID: 20150342
    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!