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    138Th St Springfield, NE 68059

    Sponsored
    For Sale
    $2,689,830

    9.5 Acres, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9.5-acre parcel presents a remarkable opportunity for residential development in the thriving Springfield, Nebraska area. Located in Sarpy County, near the intersection of Highway 50 and Pflug Road, this property offers convenient access to major transportation routes. Just a short, 5-10 minute drive from the Omaha Metro Area and seven miles from I-80 access, this land boasts an enviable location. The asking price is $2,689,830, translating to a land value of $6.50 per square foot. The property's strategic position near multiple data centers adds to its investment appeal. Furthermore, this parcel is designated for Phase 1A of the sewer expansion, streamlining the development process and reducing potential infrastructure hurdles. Zoned for medium-density or multifamily residential use, this site is perfectly suited for a variety of projects, offering significant potential for substantial returns. The address is S 138th St, Springfield, NE 68059. Directions: From Springfield, NE, travel south on Highway 50 for 0.5 miles, then turn left onto Pflug Road. Travel east on Pflug Road for 0.5 miles

    Property Features for 0 138Th St

    General Information

    Property type
    Land
    Lot Size
    413,820 SF

    HighLights

    • 9.5‑acre residential development site in Springfield, NE.
    • Prime location near Hwy 50 & Pflug Rd, minutes from Omaha Metro & I‑80.
    • $2,689,830 asking price; $6.50/sq ft land value.
    • Phase 1A sewer expansion designated, simplifying development.
    • Medium‑density/multifamily zoning; near data centers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springfield
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.128762131312
    Latitude
    41.074514483475

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    FAQs

    What type of property is this?
    Land - 9.5 Acres, Multifamily Potential
    Where is this land located?
    The property is located at 138Th St Springfield, NE.
    What is the asking price?
    The asking price for this property is $2,689,830.
    What are key features of this property?
    This property features: 9.5-acre residential development site in Springfield, NE.; Prime location near Hwy 50 & Pflug Rd, minutes from Omaha Metro & I-80.; $2,689,830 asking price; $6.50/sq ft land value.
    (402) 334-8877
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    138Th St Springfield, NE 68059
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    Springfield, NE 68059
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    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
    138Th St Springfield, NE 68059
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