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    8021 S 84th St La Vista, NE 68128

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    Rare site suitable for medical or retail use.

    Type:Retail, Office, Land
    Property size:
    5,688 SF
    Lot size:
    0.74 Acres
    Added:
    Mar 7, 2024
    Days on Market:
    773
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 8021 S 84th St

    General Information

    Standard status
    Active
    Size
    5,688 SF
    Lot size
    0.74 Acres
    Property subtype
    Retail, Office, Land

    Spaces For Lease

    at 8021 S 84th St Contact us

    $22 /Mo

    Size
    5,688 SF
    Type
    Retail, Office, Land
    Contact us

    We can help!

    Listing Contact
    Dan Dutton
    Dan Dutton

    Listing agent Dan Dutton License #NE 20030305

    Listing office Lee & Associates - Lincoln

    Listing date Mar 7, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Lincoln

    Overview

    Stand-Alone Site on 84th Street

    This stand-alone site on 84th Street is available for lease or ground lease as a pad site. Ideally suited for a medical user or retailer seeking frontage on 84th Street, the property offers dedicated monument signage. Situated just off the corner of 84th Street and Giles Road, the location is surrounded by national tenants and dense residential areas, and is adjacent to the La Vista Centre development. Traffic counts at the intersection reach 50,000 cars per day. The building encompasses 5,688 square feet with a lease rate of $22 per square foot, NNN. Alternatively, the 0.74-acre site is available for ground lease at $120,000 per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    La Vista
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.042377
    Latitude
    41.178301

    Nearby Similar for Lease

    • $3/mo

      Stand-Alone Building on 84th Street

      Stand-alone building suitable for medical or retail use on 84th.
      8021 South 84th Street, La Vista, NE 68128
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      Retail and Office Space Available

      Retail and office spaces ideal for small businesses.
      8146 S 96th St, La Vista, NE 68128
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    • $21/mo

      Retail Space Near Sports Complex

      Retail space available near Nebraska Multi-Sport Complex, Costco, and Cabela’s.
      12040 McDermott Plz, La Vista, NE
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      Flex Space with Warehouse

      Flex space with high-end office finishes and warehouse space.
      10711 Chandler Road, La Vista, NE, 68128
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    • $17/mo

      La Vista Retail Space Available

      Retail space for lease in strong neighborhood shopping center.
      9631 Giles Road, La Vista, NE 68128
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    • $14/mo

      Retail and Office Space Available

      Retail and office spaces for lease in La Vista, NE.
      7308 Harrison Street, La Vista, NE 68128
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    • $17/mo

      Retail Space with Drive-Thru Potential

      Retail space in a dense residential area with drive-thru potential.
      9727-9841 Giles Rd, La Vista, NE
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    • $16/mo

      Retail Space in High-Traffic Area

      Retail space available in high-traffic area near La Vista City Centre.
      8013 South 83rd Avenue, La Vista, NE 68128
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    • $11/mo

      Commercial Land Build-to-Suit Opportunity

      Prime commercial property for lease with build-to-suit options.
      14575 Chandler Road, La Vista, NE 68138
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    • $9/mo

      La Vista Retail/Office Opportunity

      Retail, office, and medical bays available in La Vista.
      8058 84th Street, La Vista, NE 68128
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    • $24/mo

      Retail Space in La Vista

      Retail space for lease in La Vista City Centre.
      8219 City Centre Drive, La Vista, NE 68128
      View Details
    • $21/mo

      Southport Retail or Office Space

      Retail or office space in booming Southport area for lease.
      12040 McDermott Plaza, La Vista, NE 68128
      View Details

    FAQs

    What type of property is this?
    Retail space - Rare site suitable for medical or retail use.
    Where is this retail space located?
    The property is located at 8021 S 84th St La Vista, NE.
    What are key features of this property?
    This property features: High traffic location: 50,000 cars per day at the intersection of 84th & Giles Rd.; Prime frontage on 84th Street.; Suitable for medical or retail use.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dan Dutton
    Dan Dutton
    Real Estate License ID: NE 20030305
    Learn More
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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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