Highway Frontage Commercial
713 Olson Dr, Papillion, NE 68046
For Sale
Contact for pricing
Commercial property on Highway 370 with two access points.
Property Size3,802 SF
Price / SF$263.02
Days on Market1599
Property Features for 713 Olson Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Building Details
Year Built
Buildings
Stories
Listing Agency:
Aulner Home Team
Listed By:
Aaron Aulner · License NE #20110166
(402) 657-1229
Source:
Crexi
Added: Jun 29, 2022
Changed: Nov 3
Last Checked: Nov 12 at 5:00AM
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 Aulner Home Team
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is located on Highway 370 and features two entrances to the access road. The existing structure, with a size of 3802 square feet, currently houses a self-service car wash. However, the property is grandfathered in such a way that it cannot continue to operate as a car wash under new ownership. The current structure could be repurposed as a shell for the build-out of office space.
Key Highlights
- Prime commercial property on HWY 370
- Two entrances to access road
- Existing structure suitable as a shell for office space buildout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,841
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,820
$996.8K
Cap Rate 7%
$712,014
$712.0K
Cap Rate 9%
$553,789
$553.8K
Market Conditions
NOI Build-Up for 3,802 SF
Gross rent
$69.8K $18.36/SF
− Vacancy
−$3.4K −$0.88/SF
EGI
$66.5K $17.48/SF
− OpEx
−$16.6K −$4.37/SF
NOI
$49.8K $13.11/SF
Area
Sarpy County, NE
Vacancy
4.80%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,820
Cap Rate 7%
$712,014
Cap Rate 9%
$553,789
Alternative Uses
Best Use
Specialty Retail
$712.0K
$623.0K – $830.7K
NOI $49,841 @ 7.0% cap · market cap 4.98%
Second Best
Retail
$667.3K
$583.9K – $778.6K
NOI $46,713 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.02M
$892.8K – $1.19M
NOI $71,420 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
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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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Self service car wash - Commercial property on Highway 370 with two access points.
Where is this self service car wash located?
The property is located at 713 Olson Dr Papillion, NE.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime commercial property on HWY 370; Two entrances to access road; Existing structure suitable as a shell for office space buildout
