84th Highway 370 Papillion, NE 68046
This exceptional 48.7-acre commercial and residential land parcel presents a unique investment opportunity in Papillion, Nebraska. Situated at the northwest corner of 84th Street and Highway 370, this high-visibility location boasts significant traffic volume and proximity to downtown Papillion (approximately one mile south). The property features rolling hills and includes the recognizable Papillion Water Tower, offering unparalleled visibility. This site is part of The Tower District, a planned development envisioned as a walkable, vibrant urban neighborhood, fostering a "city within a city" atmosphere where residents can live, work, and play. The project enjoys strong support from city and community leaders, making it an attractive proposition for various development types. Potential uses include multi-family developments, senior living residences, residential homes, office spaces, and street-level or free-standing retail establishments. The land value ranges from $7 to $24 per square foot. The property's location in Sarpy County, the fastest-growing county in Nebraska, ensures strong future growth potential. This is an exceptional opportunity to capitalize on a thriving market and create a landmark development. The property is located at 84th & Highway 370, Papillion, NE 68046.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.