Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9831 96 St Papillion, NE 68046

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Papillion, NE retail space available. Prime location, multiple tenants.

    Lot size:
    190,000 SF

    Property Features for 9831 96 St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    190,000 SF
    Class
    B
    Total Rate
    395833.33

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    4

    Spaces For Lease

    at 9831 96 St, Papillion, NE 68046 Contact us
    Unit Suite 112

    $25 /Mo

    Size
    2,326 SF
    Contact us

    We can help!

    Listing Contact
    Trey Macknight
    Trey Macknight

    Listing Agency: Cushman & Wakefield The Lund Company Listing Agent: Trey Macknight

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

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity is located at 9831 S 96th St, Papillion, NE 68046, at the intersection of 96th & Harrison Street. The Shoppes at Lux 96 is a Class B, four-story building totaling 190,000 square feet, constructed in 2017. The property sits on a 14.76-acre lot and offers a mixed-use zoning designation. Currently, there is 2,326 square feet of vacant retail space available, with a minimum divisible space of 4,533 square feet. The building features elevators and is conveniently located within a thriving community, adjacent to a 400-unit multi-family apartment complex. This ensures a built-in customer base for your business. Established tenants include Lux American Grill, Café Diem, Just Pop’d, Cat Cow Yoga, and First State Bank, creating a vibrant and diverse retail environment. A generous tenant improvement allowance package is available to assist new tenants in establishing their businesses. This is a fantastic ground-level multi-tenant retail opportunity in a rapidly growing area. Don't miss this chance to become part of a successful and established retail center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Auto Repair Shop Electronics & Wireless Store Car Rental Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.061900348445
    Latitude
    41.164393705253

    Nearby Similar for Lease

    • $25 SF/Yr
      2,326 SF

      Retail Space in Papillion, NE

      Retail space available for lease in Papillion, Nebraska.
      9831 S 96 St, Papillion, NE
      View Details
    • $11 SF/Yr
      25,000 SF

      Highway 370 Industrial/Flex Building

      Industrial/flex building for lease with highway visibility and accessibility.
      13770 Highway 370, Papillion, NE 68138
      View Details
    • Contact for pricing
      4,000 SF

      Papillion Retail/Office/Medical Space Available

      Up to 4,000 SF available in growing Papillion area.
      10130 S 71St Plz, Papillion, NE 68133
      View Details
    • Contact for pricing
      2,250 SF

      Retail Space with Signage Opportunity

      Endcap retail space with excellent visibility and front door parking.
      9910 S 71St Avenue Cir, Papillion, NE 68133
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      3,223 SF

      Office Space in Prime Location

      Office suites available with great views and convenient amenities.
      1413 S Washington St, Papillion, NE 68107
      View Details
    • Contact for pricing
      1,859 SF

      Retail Space in Papillion, NE

      Retail space available for lease in Papillion, Nebraska.
      760 Gold Coast Dr, Papillion, NE
      View Details
    • Contact for pricing
      1,303 SF

      Retail Space in Papillion

      Retail space available for lease in Papillion, Nebraska.
      7305 Towne Center Pkwy, Papillion, NE 68046
      View Details
    • Contact for pricing
      3,823 SF

      Retail Space in Papillion, NE

      Retail space available for lease in Papillion, Nebraska.
      754 Gold Coast Dr, Papillion, NE
      View Details
    • Contact for pricing
      6,350 SF

      Retail Space in Papillion, NE

      6,350 SF retail space available for lease.
      7403 Towne Center Pkwy, Papillion, NE 68046
      View Details
    • 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
    • Contact for pricing
      11,561 SF

      Midland's Place: Papillion Office Space

      Retail & Office Suites Available in Papillion, NE
      465 Olson Dr, Papillion, NE 68046
      View Details

    FAQs

    What type of property is this?
    Retail property - Papillion, NE retail space available. Prime location, multiple tenants.
    Where is this retail property located?
    The property is located at 9831 96 St Papillion, NE.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Lease Rate: $25 per square foot, NNN.; 2,326 square feet of space available.; 190,000-square-foot building.
    (402) 393-8811 Call to check price and availability
    Request Owner's contact information
    9831 96 St Papillion, NE 68046
    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.
    9831 96 St
    Papillion, NE 68046
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    9831 96 St Papillion, NE 68046
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Trey Macknight
    Trey Macknight
    Real Estate License ID: 20180979
    (402) 393-8811 (402) 548-4079 (402) 419-0607
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!