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    7511 204Th St Gretna, NE 68028

    • Commercial real estate
    • 56.00 lot acres
    For Sale
    View listing
    $4,620,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0407673
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7511 204Th St

    Lot size
    56.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 56-acre parcel presents a remarkable opportunity for residential development in the thriving Southwest Omaha area. Located in Gretna, Nebraska, at 7511 S 204th St, zip code 68028, this property is zoned AG (Agricultural) within Sarpy County's jurisdiction. The county's accommodating zoning significantly reduces park fees, offering substantial cost savings for developers. A conceptual site plan illustrates the potential for approximately 174 single-family lots, aligning with the high-quality homes in the neighboring Bellbrook Subdivision. This land is exclusively designated for single-family residential construction, ensuring consistency with the surrounding community. Situated in the desirable Gretna School District, this property represents the next logical step in the area's ongoing development trajectory. Due diligence materials are available for review, including a wetland delineation report and a preliminary geotechnical report from October 2021. The asking price is $4,620,000, translating to $82,500 per acre. This is a unique chance to acquire a substantial tract of land poised for significant growth and return on investment.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gretna
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.2337577
    Latitude
    41.1864889

    Comparable in this City

    • $5,880,600
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      Gretna, NE Development Land

      18 Acres, Mixed-Use Potential, $5.8M
      180th Highway 370, Gretna, NE 68028
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    • $189,400
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    • $158,500
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      Deer Hollow Estate Lot - Gretna, NE

      Build Your Dream Home on 0.74 Acres
      21605 Hackberry Dr, Gretna, NE 68028
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    • $210,000
      0.98 Acres

      Gretna, NE Estate Lot - $210K

      Build Your Dream Home in Deer Hollow
      12 Gruenther Rdg, Gretna, NE 68028
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    • $189,400
      0.82 Acres

      Deer Hollow Estate Lot - Gretna, NE

      Build Your Dream Home on 0.82 Acres
      22013 Hackberry Cir, Gretna, NE 68028
      View Details
    • $159,500
      0.96 Acres

      Deer Hollow Estate Lot 13

      Gretna, NE: Build Your Dream Home
      21909 Hackberry Dr, Gretna, NE 68028
      View Details

    Similar Nearby for Sale

    • $5,880,600
      18.00 Acres

      Gretna, NE Development Land

      18 Acres, Mixed-Use Potential, $5.8M
      180th Highway 370, Gretna, NE 68028
      View Details
    • $158,500
      0.74 Acres

      Deer Hollow Estate Lot - Gretna, NE

      Build Your Dream Home on 0.74 Acres
      21605 Hackberry Dr, Gretna, NE 68028
      View Details
    • $189,400
      0.78 Acres

      Deer Hollow Estate Lot - Gretna, NE

      Build Your Dream Home on 0.78 Acres
      22017 Hackberry Cir, Gretna, NE 68028
      View Details
    • $189,400
      0.82 Acres

      Deer Hollow Estate Lot - Gretna, NE

      Build Your Dream Home on 0.82 Acres
      22013 Hackberry Cir, Gretna, NE 68028
      View Details
    • $210,000
      0.98 Acres

      Gretna, NE Estate Lot - $210K

      Build Your Dream Home in Deer Hollow
      12 Gruenther Rdg, Gretna, NE 68028
      View Details
    • $159,500
      0.96 Acres

      Deer Hollow Estate Lot 13

      Gretna, NE: Build Your Dream Home
      21909 Hackberry Dr, Gretna, NE 68028
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Gretna

      Land available for rent in Gretna, Nebraska.
      11012 S 192Nd Ave, Gretna, NE 68028
      View Details
    • Contact for pricing
      1,655,280 SF

      Gretna, NE Commercial Land Opportunity

      38 acres, prime Omaha location, high growth.
      0 192Nd St, Gretna, NE 68028
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    • Contact for pricing

      Land For Rent Gretna

      Land available for rent in Gretna, Nebraska.
      192nd Highway 370, Gretna, NE 68028
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    • $11 SF/Yr
      7,680 SF

      New Warehouse Bays For Sublease

      Warehouse bays with drive-in doors, centrally located near interstate.
      22010 Platteview Rd, Gretna, NE 68028
      View Details
    • $14 SF/Yr
      13 SF

      Flex Space with Outdoor Storage

      Move-in-ready flex space featuring fenced outdoor storage and office area.
      20332 Husker Dr, Gretna, NE 68028
      View Details
    • $24 SF/Yr
      1,625 SF

      Retail Space in Growing Community

      Retail space available for lease in Gretna, Nebraska.
      11922 Standing Stone Dr, Gretna, NE 68028
      View Details
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    7511 204Th St
    Gretna, NE 68028
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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.

    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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