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    108th & Giles Commercial Nec La Vista, NE 68128
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    Property profile & analytics

    108th & Giles Commercial Nec, La Vista, NE 68128

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    • Retail properties & Spaces
    • 50,097 SF
    • 16.08 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 108th & Giles Commercial Nec

    Lot size
    16.08 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial land offering in La Vista, Nebraska, presents a unique investment opportunity. Located at the northeast corner of 108th and Giles, this 16.08-acre site is zoned C-2, allowing for a variety of commercial uses. The property boasts a highly desirable location with a strong mix of nearby residential and multi-family properties, ensuring a robust customer base. Its proximity to some of the nation's largest employers further enhances its appeal. Development options are flexible, with available parcels ranging from 1.1 to 10 contiguous acres, ideal for large office users or retail developments. The site offers significant square footage potential, ranging from 50,097 to 277,041 square feet, with land value priced between $6 and $8 per square foot. Convenient access to I-80 provides excellent regional connectivity. This property represents a compelling investment opportunity in a thriving Nebraska market, offering significant potential for growth and return. The Sarpy County location, with zip code 68128, ensures easy access to amenities and a strong workforce. This is a rare chance to acquire a substantial commercial land parcel in a prime location with excellent development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Vista
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0812
    Latitude
    41.1762

    Comparable in this City

    • Value Estimation by Request
      0.74 Acres

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      120.00 Acres

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      1.52 Acres

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      41,844 SF

      10717 Virginia Plz

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      3.00 Acres

      12529 Giles Rd

      Land
      12529 Giles Rd, La Vista, NE 68128
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    • Value Estimation by Request
      0.83 Acres

      120 120Th St

      Land
      120 120Th St, La Vista, NE 68128
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    Similar Nearby for Sale

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      1.64 Acre Outparcel For Sale

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      8,000 SF

      La Vista Retail Opportunity

      Retail property for sale in La Vista, Nebraska.
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      Land Suitable for Flex Project

      Land with convenient I-80 access, ideal for flex project.
      108 108Th St, La Vista, NE 68128
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      Land Available in La Vista

      Land for sale at 10940 Harry Watanabe Pkwy, La Vista.
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      Land For Sale La Vista

      Land available for sale in La Vista, Nebraska.
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      LaVista Land For Sale

      Approximately 1.45 acres of land in growing LaVista, Nebraska.
      11535 Virginia Plz, La Vista, NE 68128
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    Similar Nearby for Lease

    • $3 SF/Yr

      Stand-Alone Building on 84th Street

      Stand-alone building suitable for medical or retail use on 84th.
      8021 South 84Th St, La Vista, NE 68128
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    • $24 SF/Yr
      11,840 SF

      Retail Space in La Vista

      Retail space for lease in La Vista City Centre.
      8219 City Center Dr, La Vista, NE 68128
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    • $19 SF/Yr
      1,200 SF

      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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    • $30 SF/Yr
      11,840 SF

      Retail Space in La Vista

      Retail space available in growing La Vista City Centre.
      84 & Bartmettler Dr, La Vista, NE 68128
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    • $17 SF/Yr

      La Vista Retail Space Available

      Retail space for lease in strong neighborhood shopping center.
      9631 Giles Rd, La Vista, NE 68128
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    La Vista, NE 68128
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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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