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    1502 Washington St Papillion, NE 68046

    Sponsored
    For Lease
    $17 SF/Yr

    15,000 sq ft medical/office building, flexible suites.

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story, 15,000 square foot Class B medical office building in Papillion, Nebraska, offers multiple tenancy options. Suites range from 3,562 to 5,844 contiguous square feet, ideal for a variety of medical and traditional office users. The property sits on a 41,112 square foot lot and boasts a newly remodeled first-floor common area and new digital monument signage. Its prime location offers excellent proximity to CHI Midland's Hospital, providing convenient access for patients and staff. The building features convenient "park at your door" entrances. Current tenants include an oral surgeon and family medicine practice, creating a synergistic environment. A market tenant improvement package is available for medical tenants. The building is professionally managed and zoned CC. This is a unique opportunity to secure high-quality office space in a thriving Nebraska community. The property consists of one building with two stories.

    Property Features for 1502 Washington St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Class
    B
    Total Rate
    21875

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 201
    Size
    3,562 SF
    Rate per SF
    $20
    Space
    Suite 101-102
    Size
    5,844 SF
    Rate per SF
    $17
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.04290338027
    Latitude
    41.13733319578

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    FAQs

    What type of property is this?
    Medical office - 15,000 sq ft medical/office building, flexible suites.
    Where is this medical office located?
    The property is located at 1502 Washington St Papillion, NE.
    What is the lease rate?
    The lease rate is $17-$20 SF/Yr.
    Request Owner's contact information
    1502 Washington St Papillion, NE 68046
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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
    1502 Washington St Papillion, NE 68046
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