Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    72nd St & Schram Rd Papillion, NE 68133

    Sponsored
    For Sale
    Contact for pricing

    Prime Papillion land, assumable debt.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering in Papillion, Nebraska, presents a unique investment opportunity. Located at the highly desirable intersection of 72nd Street and Schram Road, near the bustling Shadow Lake Towne Center (home to 71 tenants), this property boasts a prime location in Douglas County, zip code 68133. The lot size ranges from 2.83 to 6.65 acres, offering flexibility for various multifamily development projects. A significant advantage is the inclusion of assumable non-recourse debt at a favorable 6.50% interest rate, significantly reducing upfront capital requirements. The land value is priced at $4.03 per square foot, which includes $2.16 per square foot of assumable debt. Lot 8 presents an additional opportunity to develop a silt basin. The 72nd and Highway 370 intersection, where this property is situated, is ranked the 40th most popular intersection in the Omaha/Council Bluffs metro area, ensuring high visibility and accessibility. This strategic location, combined with the attractive financing terms, makes this a compelling investment for developers seeking a high-potential multifamily project in a thriving Nebraska market. The property's coordinates are 41.130583 latitude and -96.019871 longitude.

    Property Features for 72nd St & Schram Rd

    General Information

    Property type
    Land
    Lot Size
    123,275 SF

    HighLights

    • 2.83 to 6.65 acres of commercial land available in Omaha, Nebraska.
    • Land priced at $4.03 per square foot, including $2.16 per square foot of assumable debt.
    • Assumable non‑recourse debt with a 6.50% interest rate.
    • Opportunity to develop Lot 8, including filling a silt basin.
    • Adjacent to Shadow Lake Towne Center, a shopping center with 71 tenants.
    • Located at the highly trafficked intersection of 72nd Street and Highway 370, ranked #40 in Omaha/Council Bluffs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Papillion
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.019871
    Latitude
    41.130583

    Nearby Comparable

    • $2,200,000
      2.56 Acres

      Shadow Lake Towne Center PAD 13

      Prime Papillion development land, mixed-use.
      73 73Rd St, Papillion, NE 68046
      View Details
    • Contact for pricing

      Shadow Lake Towne Center Lot

      Prime Papillion retail/office land.
      11707 73Rd St, Papillion, NE 68046
      View Details
    • $988,810
      4.54 Acres

      Shadow Lake Development Land

      4.54 Acres, Papillion, Nebraska
      785 Olson Dr, Papillion, NE 68046
      View Details
    • $988,810

      Development Site Near Shadow Lake

      Commercial land available in rapidly expanding Papillion area.
      785 Olson Dr, Papillion, NE 68046
      View Details
    • $1,100,000
      1.34 Acres

      Papillion Commercial Land - $1.1M

      1.34 Acres, Highway 370 Visibility
      767 Olson Dr, Papillion, NE 68046
      View Details
    • $1,000,000
      3,802 SF

      Papillion Commercial Lot - Huge Potential

      Prime Hwy 370 location, 3802 sq ft, high-growth area.
      713 Olson Dr, Papillion, NE 68046
      View Details
    • Contact for pricing
      800,000 SF

      Oak Leaf Development: Papillion, NE

      Prime Mixed-Use Land, 12 Pads Available
      72nd St And Capehart Rd, Papillion, NE 68046
      View Details
    • $2,011,491
      1.19 Acres

      Midlands Place Commercial Land

      Papillion, NE commercial lots, Hwy 370
      84th St & Hwy 370 -, Papillion, NE 68046
      View Details
    • $757,500
      6.06 Acres

      6.06 Acres Near Recreational Complexes

      Land parcel near Giles Road primed for visionary development.
      7610 S 66 St, Papillion, NE 68133
      View Details
    • Contact for pricing
      48.70 Acres

      Papillion Commercial Land - 48.7 Acres

      Prime Nebraska development land, high-traffic location.
      84th Highway 370, Papillion, NE 68046
      View Details
    • Contact for pricing
      0.50 Acres

      Hwy 370 Commercial Land Papillion, NE

      Prime Commercial Lots, Hwy 370 Frontage
      54th Papillion Nebraska, Papillion, NE 68133
      View Details
    • $3,599,800

      Highway 370 Commercial Land

      10.33 acres of commercial land with highway access.
      138th Highway 370, Papillion, NE 68133
      View Details

    Nearby Similar for Sale

    • $3,507,000
      2,400 SF

      New Panera Bread with Drive-Thru

      New construction Panera Bread with drive-thru in growing suburb.
      1298 S Washington St, Papillion, NE 68107
      View Details
    • $1,000,000
      3,802 SF

      Papillion Commercial Lot - Huge Potential

      Prime Hwy 370 location, 3802 sq ft, high-growth area.
      713 Olson Dr, Papillion, NE 68046
      View Details

    FAQs

    What type of property is this?
    Land - Prime Papillion land, assumable debt.
    Where is this land located?
    The property is located at 72nd St & Schram Rd Papillion, NE.
    What are key features of this property?
    This property features: 2.83 to 6.65 acres of commercial land available in Omaha, Nebraska.; Land priced at $4.03 per square foot, including $2.16 per square foot of assumable debt.; Assumable non-recourse debt with a 6.50% interest rate.
    (402) 702-2709
    Request Owner's contact information
    72nd St & Schram Rd Papillion, NE 68133
    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.
    72nd St & Schram Rd
    Papillion, NE 68133
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    72nd St & Schram Rd Papillion, NE 68133
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.