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    Property profile & analytics

    1712 Charleston Dr Papillion, NE 68133-2907

    • Retail space
    • 9,101 SF
    • 2.14 lot acres
    OFF-MARKET
    Value Estimations
    $470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0043802
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1712 Charleston Dr

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    2.14 lot acres
    Property size
    9,101 SF
    Property type
    Retail space
    APN
    11119381
    APU
    11119381

    Description

    This exceptional freestanding retail building, located at 1712 Charleston Drive in Papillion, Nebraska, presents a unique owner-user opportunity. Boasting 9,101 square feet of space, this single-story, 2006-constructed building sits on a generous 2.14-acre lot, providing ample parking and significant expansion potential. The property enjoys excellent visibility along Cornhusker Road, ensuring high traffic and customer exposure. The building has been meticulously maintained and is zoned for limited commercial use. The asking price is $1,900,000, translating to a land value of $208 per square foot. This represents a compelling investment in a thriving Nebraska market. The property's size, location, and existing infrastructure make it ideal for a variety of retail businesses seeking a prominent presence in Papillion. With its substantial lot size and strategic placement, this property offers significant long-term growth potential. The address is 1712 Charleston Drive, Papillion, NE 68133. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0154
    Latitude
    41.1609
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,476
    $606,125
    $268,875
    $875,000
    -
    $606,125
    $268,875
    $875,000

    Comparable in this City

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    • Value Estimation
      $410,000
      5,040 SF

      8450 71st Plz

      FINANCIAL BUILDING • 5,040 SF
      8450 71st Plz, Papillion, NE 68133-2138
      View Details
    • Value Estimation
      $395,000
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      9550 71st Plz

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      9550 71st Plz, Bellevue, NE 68133
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    • Value Estimation by Request
      253,903 SF

      72nd St & Giles Rd

      Individual retail properties • 253,903 SF
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      View Details
    • Value Estimation
      $415,000
      5,488 SF

      10324 71st Ter

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      10324 71st Ter, Papillion, NE 68133-2661
      View Details
    • Value Estimation
      $445,000
      4,738 SF

      9911 71st Ave

      CONVENIENCE STORE • 4,738 SF
      9911 71st Ave, Bellevue, NE 68133-2295
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      6,295 SF

      Retail Space in Papillion, Nebraska

      6,295 SF retail space available for lease in Papillion.
      8810 S 71St Plz, Papillion, NE 68133
      View Details
    • $24 SF/Yr
      2,250 SF

      Retail Space with Signage Opportunity

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      4,000 SF

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      Up to 4,000 SF available in growing Papillion area.
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    • $25 SF/Yr
      253,903 SF

      Shoppes at Market Pointe Retail Space

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    • $24 SF/Yr
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      Papillion Retail Space For Lease

      High-traffic retail space, 2,546 sq ft available.
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      View Details
    • $16 SF/Yr
      742 SF

      Class A Office Space Available

      Office building near amenities with highway exposure and ample parking.
      4502-4530 Maass Rd, Papillion, NE 68133
      View Details
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    1712 Charleston Dr
    Papillion, NE 68133-2907
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    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
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