Multi-Tenant Medical Office
For Sale
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10701 South 72nd Street, Papillion, NE 68046
Built in 2004, the property offers shared common areas and established occupants in a professional office setting.
Property Size10,000 SF
Price / SF$175
Days on Market58
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Property Features for 10701 South 72nd Street
General Information
Standard status
Active
Size
10,000 SF
Class
B
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
Campbell Dana LLC
Listed By:
Seth Campbell · License #NE 20240218
(402) 518-9823
Source:
Crexi
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 14 at 9:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Campbell Dana LLC
Investment Insights
Based on property information with market context.
This office building was completed in 2004 and is configured for multiple medical and office occupants. The property includes maintained shared areas and supports a professional environment for users across its tenant spaces.
The building is located at 10701 South 72nd Street in Papillion, Nebraska, within Papillion Professional Park and north of Highway 370. Established, long-term tenants currently occupy the property, providing an existing multi-occupant configuration for a new owner.
The building is located at 10701 South 72nd Street in Papillion, Nebraska, within Papillion Professional Park and north of Highway 370. Established, long-term tenants currently occupy the property, providing an existing multi-occupant configuration for a new owner.
Key Highlights
- Multi‑tenant office building serving medical and office users
- 10,000 property size
- Completed in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,219
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,824,380
$2.8M
Cap Rate 7%
$2,017,414
$2.0M
Cap Rate 9%
$1,569,100
$1.6M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$204.0K $20.40/SF
− Vacancy
−$15.7K −$1.57/SF
EGI
$188.3K $18.83/SF
− OpEx
−$47.1K −$4.71/SF
NOI
$141.2K $14.12/SF
Area
Sarpy County, NE
Vacancy
7.70%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,824,380
Cap Rate 7%
$2,017,414
Cap Rate 9%
$1,569,100
Alternative Uses
Best Use
Office B
$2.02M
$1.77M – $2.35M
NOI $141,219 @ 7.0% cap · market cap 8.07%
Second Best
Healthcare Medical
$1.68M
$1.47M – $1.95M
NOI $117,288 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,849 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 68046, NE
32,242
Population
12,849
Households
2.5
Avg Household Size
36
Median Age
50%
College-Educated
97%
High-School Grad
28.0 sq mi
ZIP Area
1,152
Density / Sq Mi
$113,708
Median Household Income
$57,767
Median Earnings
$1,252
Median Rent
$331,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Built in 2004, the property offers shared common areas and established occupants in a professional office setting.
Where is this office building located?
The property is located at 10701 South 72nd Street Papillion, NE.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Multi‑tenant office building serving medical and office users; 10,000 property size; Completed in 2004
