Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9614-9820 71St Plz Papillion, NE 68133
    Property profile & analytics

    9614-9820 71St Plz, Papillion, NE 68133

    View on Map
    • Retail properties & Spaces
    • 12,432 SF
    • 1.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 9614-9820 71St Plz

    Year built
    2015
    Lot size
    1.70 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 9614-9820 S 71st Plaza in Bellevue, Nebraska (zip code 68133), offers a compelling investment opportunity. Built in 2015, this 12,432-12,486 square foot center sits on a 1.7-1.86 acre lot and boasts a 7.25% cap rate with a Net Operating Income (NOI) of $678,519. Currently 100% occupied, the property benefits from strong lease structures with built-in annual increases. The center is strategically positioned in a high-traffic retail corridor serving Papillion, LaVista, and Ralston, with over 42,800 vehicles passing daily at the intersection of Cornhusker Road and South 72nd Street. Major anchors include Hobby Lobby, Sam's Club, and a newly opened (2024) ALDI. The property enjoys excellent access via two signalized, full-access intersections, plus additional ingress/egress. Its location offers proximity to numerous other national retailers within a one-mile radius, including Walmart, Lowe's, Kohl's, and popular restaurants. Furthermore, its proximity to Offutt Air Force Base, a major employer, adds to its long-term value and potential. This is a stable, high-performing asset with significant upside potential for the discerning investor. The asking price is $9,358,883.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0228
    Latitude
    41.1629

    Comparable in this City

    • Value Estimation by Request
      7,000 SF

      8420 71St Plz

      Retail properties & Spaces
      8420 71St Plz, Papillion, NE 68133
      View Details
    • Value Estimation by Request
      1,786 SF

      9908 71St St

      Retail properties & Spaces
      9908 71St St, Papillion, NE 68133
      View Details
    • Value Estimation by Request
      253,903 SF

      72nd St & Giles Rd

      Individual retail properties
      72nd St & Giles Rd, Papillion, NE 68133
      View Details
    • Value Estimation by Request
      1,804 SF

      9974 71st Ave

      AUTO REPAIR, GARAGE
      9974 71st Ave, Bellevue, NE 68133-2155
      View Details
    • Value Estimation
      $510,000
      3,313 SF

      8510 71st Plz

      TAKE-OUT RESTAURANT
      8510 71st Plz, Papillion, NE 68133-2140
      View Details
    • Value Estimation
      $13,630,000
      139,009 SF

      8707 71st Plz

      WHOLESALE OUTLET, DISCOUNT STORE
      8707 71st Plz, Bellevue, NE 68133-2135
      View Details

    Similar Nearby for Sale

    • $75,000

      Bellevue Homesite with Lake View

      Luxurious homesite in Bellevue overlooking a private lake.
      13065 S 42Nd Ave, Bellevue, NE 68133
      View Details
    • Contact for pricing
      1,229 SF

      Papillion Office Condo For Sale

      Office condo in high visibility Papillion location near Highway 370.
      10791 S 72 St, Papillion, NE 68133
      View Details
    • Contact for pricing

      Land Adjacent to Shadow Lake

      Commercial land near popular intersection, opportunity to fill silt basin.
      370 & 72nd Hwy, Papillion, NE 68133
      View Details
    • $75,000

      Bellevue Residential Homesite Opportunity

      Luxurious homesite in Bellevue, overlooking a private lake.
      13061 S 42Nd Ave, Bellevue, NE 68133
      View Details
    • $75,000

      Bellevue Homesite with Lake View

      Luxurious homesite in Bellevue overlooking a private lake.
      13069 S 42Nd Ave, Bellevue, NE 68133
      View Details
    • Contact for pricing

      98 Acres Land in Papillion

      98 acres of land for sale in Papillion, Nebraska.
      5401 Highway 370, Papillion, NE 68133
      View Details

    Similar Nearby for Lease

    • 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

      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

      Retail Space Available For Rent

      Retail space available for rent in Papillion, Nebraska.
      11425 S 72 St, Papillion, NE 68133
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space on 72nd Street

      End-cap retail space available on 72nd and Cornhusker.
      9614 S 71St Plz, Papillion, NE 68133
      View Details
    • Contact for pricing

      Retail Space in Settler’s Creek

      Retail space available for lease in Settler’s Creek.
      9614 S 71St Plz, Papillion, NE 68133
      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
    Request Owner's contact information
    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.
    9614-9820 71St Plz
    Papillion, NE 68133
    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
    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

    Thank You for Inquiry
    9614-9820 71St Plz, Papillion, NE, 68133
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!