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    168th St & Platteview Rd Springfield, NE 68059

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    For Sale
    Contact for pricing

    294 Acres, Prime Development Potential

    Property Features for 168th St & Platteview Rd

    General Information

    Property type
    Farms
    Lot Size
    12,814,916 SF

    We can help!

    Listing Contact
    Ryan Zabrowski
    Ryan Zabrowski

    Listing Agency: Investors Realty Inc Listing Agent: Ryan Zabrowski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This expansive 294.19-acre agricultural property, located at the Northwest corner of 168th Street and Platteview Road in Gretna, Nebraska, presents a unique investment opportunity. Currently zoned AG - Agricultural, this land offers significant potential for a variety of future uses. Its strategic location between Sarpy County's Data Center Corridor and Gretna's Good Life District positions it ideally within a dynamic area experiencing a transition from agricultural land to residential development. The property's size and prime location make it an attractive holding for investors seeking long-term growth and development opportunities. This versatile parcel offers expansive possibilities for those seeking to capitalize on the thriving Gretna market and its proximity to key infrastructure and amenities. The property is situated in Sarpy County, Nebraska, with a 68059 zip code. Its latitude and longitude coordinates are 41.0890115 and -96.1768251 respectively. This is a rare opportunity to acquire a significant land parcel in a rapidly developing area, offering substantial potential for future returns. Don't miss this chance to secure a valuable asset in this sought-after location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springfield
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.1768251
    Latitude
    41.0890115

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    FAQs

    What type of property is this?
    Farm - 294 Acres, Prime Development Potential
    Where is this farm located?
    The property is located at 168th St & Platteview Rd Springfield, NE.
    What are key features of this property?
    This property features: 294.19-acre agricultural property in Gretna, NE, zoned AG.; High potential for diverse future uses due to prime location.; Strategic location near Sarpy County's Data Center Corridor and Gretna's Good Life District.
    (402) 778-7557 Call to check price and availability
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    168th St & Platteview Rd Springfield, NE 68059
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    Springfield, NE 68059
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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
    168th St & Platteview Rd Springfield, NE 68059
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Zabrowski
    Ryan Zabrowski
    Real Estate License ID: 20010075
    (402) 778-7557 (402) 659-3496
    Learn more
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