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    Property profile & analytics

    11206 114Th Ave Papillion, NE 68046

    • Land
    • 14.71 lot acres
    For Sale
    View listing
    $2,191,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 11206 114Th Ave

    Lot size
    14.71 lot acres
    Property type
    Land

    Description

    This exceptional 14.71-acre parcel, located at the southwest corner of 114th Street and Highway 370 in Papillion, Nebraska (68046), presents a unique mixed-use development opportunity. Zoned for Mixed-Use Type 1, this property allows for a diverse range of uses, including civic, office, commercial, and residential components, fostering an integrated and vibrant community. The site boasts a highly visible location at a fully-lighted intersection experiencing 24,000 vehicles daily, ensuring excellent exposure and accessibility. All utilities are available on-site, simplifying development. Its strategic location offers convenient access to major thoroughfares, placing it just 3.3 miles from Shadow Lake Towne Center (Highway 370 & 72nd Street) and 2.8 miles from the intersection of Highway 50 and Interstate 80, providing strong connectivity to regional amenities and transportation networks. The asking price is $2,191,500, translating to approximately $3.42 per square foot. This prime location and flexible zoning make this an ideal investment for developers seeking to create a dynamic and multifaceted project. The district encourages diverse transportation systems, including pedestrian and bicycle access, seamlessly integrating with the surrounding environment.

    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
    -96.0905
    Latitude
    41.1466

    Comparable in this City

    • Value Estimation by Request
      34.88 Acres

      114th St And Capehart Rd

      Land • 34.88 Acres
      114th St And Capehart Rd, Papillion, NE 68046
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    • Value Estimation by Request
      16.79 Acres

      114 114Th St

      Land • 16.79 Acres
      114 114Th St, Papillion, NE 68046
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    • Value Estimation by Request
      2.56 Acres

      73 73Rd St

      Mixed-use properties • 2.56 Acres
      73 73Rd St, Papillion, NE 68046
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    • Value Estimation by Request
      48.70 Acres

      84th Highway 370

      Land • 48.70 Acres
      84th Highway 370, Papillion, NE 68046
      View Details
    • Value Estimation by Request
      800,000 SF

      72nd St And Capehart Rd

      Restaurants • 800,000 SF
      72nd St And Capehart Rd, Papillion, NE 68046
      View Details
    • Value Estimation by Request
      1.00 Acre

      126tth St &

      Land • 1.00 Acre
      126tth St &, Omaha, NE 68046
      View Details

    Similar Nearby for Sale

    • $2,191,500
      14.71 Acres

      Prairie Hills Development Land

      ±14.71 acres, Mixed-Use Potential
      11206 114Th Ave, Papillion, NE 68046
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    • $2,200,000
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      Shadow Lake Towne Center PAD 13

      Prime Papillion development land, mixed-use.
      73 73Rd St, Papillion, NE 68046
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      Papillion Commercial Land - 48.7 Acres

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    • $1,762,950
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      Papillion Land: 16.79 Acres

      Prime Papillion development land, mixed-use zoning.
      114 114Th Ave, Papillion, NE 68046
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    • $988,810
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      Shadow Lake Development Land

      4.54 Acres, Papillion, Nebraska
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    • $1,569,000
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      Papillion Land: 34.88 Acres

      Prime Papillion development land, AG zoning.
      114th St And Capehart Rd, Papillion, NE 68046
      View Details

    Similar Nearby for Lease

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      Land for Lease

      Land available for lease in Papillion, Nebraska.
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      654,666 SF

      Shadow Lake Towne Center Office Space

      Papillion, NE Executive Office Suites Available
      7775 Olson Dr, Papillion, NE 68046
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    • $2 SF/Yr
      24,858 SF

      Shadow Lake Towne Center Pad

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    • $25 SF/Yr

      Retail Space in Apartment Complex

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      32,027 SF

      Midlands Two Medical Office Suites

      Papillion medical office space available.
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      Shoppes at Lux 96 Retail Space

      Papillion, NE retail space available. Prime location, multiple tenants.
      9831 96 St, Papillion, NE 68046
      View Details
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    11206 114Th Ave
    Papillion, NE 68046
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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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