Property profile

767 Olson Dr Papillion, NE 68046

FOR SALE
Commercial land
Property ID
US57-0543299
1.34 ac lot
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.34-acre commercial land parcel presents a prime investment opportunity in Papillion, Nebraska. Located at 767 Olson Drive, this property boasts unparalleled visibility along Highway 370, offering excellent exposure for retail or office development. Situated on a hilltop, the site provides impressive views for passing traffic, enhancing its appeal and potential for attracting customers. The property is conveniently located just west of Shadow Lake Towne Center, benefiting from the high traffic volume and established commercial presence in the area. Access is easily facilitated by a four-way intersection at Towne Center Parkway and Highway 370, ensuring convenient ingress and egress. The site is zoned GC, allowing for a variety of commercial uses. This location offers significant advantages, capitalizing on Sarpy County's consistent growth as Nebraska's fastest-growing county for over a decade. The asking price is $1,100,000. An additional approximately 4.5 acres is available for purchase to the south of this property. This property offers a unique chance to establish a strong commercial presence in a thriving Nebraska market. The fully lit intersection ensures high visibility even at night.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.34 ac (58,370 SF)
APN 11594877
UPID US57-0543299

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

767 Olson Dr Papillion, NE 68046
Papillion metro Census 10620 OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
2015
$600,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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