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    370 & 72nd Hwy Papillion, NE 68046
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    Property profile & analytics

    370 & 72nd Hwy, Papillion, NE 68046

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    • Lifestyle centers
    • 7,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 370 & 72nd Hwy

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 7,000 square foot retail opportunity is situated on a 0.82-acre lot at the highly visible intersection of Highway 370 and 72nd Street in Papillion, Nebraska. Located in Sarpy County, this property offers a single, contiguous space ideal for a variety of retail uses. The entire 7,000 square feet is currently vacant and available for lease, providing a blank canvas for a new tenant to customize. The minimum leasable space is 5,000 square feet, allowing for flexibility depending on individual business needs. The property is classified as a shopping center and offers multiple tenancy options, making it suitable for a range of retail concepts. Its strategic location provides excellent visibility and accessibility, ensuring high traffic volume and potential customer reach. The property's size and location make it an attractive investment for businesses seeking a prominent presence in a thriving Papillion community. The zip code is 68046. This is a rare opportunity to secure a substantial retail space in a prime location. Contact us today to learn more about this exceptional property.

    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
    -96.0635
    Latitude
    41.1447

    Comparable in this City

    • Value Estimation by Request
      0.82 Acres

      370 & 72nd Hwy

      Lifestyle centers
      370 & 72nd Hwy, Papillion, NE 68046
      View Details
    • Value Estimation by Request
      1.00 Acre

      607 Pinnacle Dr

      Individual retail properties
      607 Pinnacle Dr, Papillion, NE 68046
      View Details
    • Value Estimation by Request
      0.76 Acres

      126th Highway 370

      Land
      126th Highway 370, Omaha, NE 68046
      View Details
    • Value Estimation by Request
      800,000 SF

      72nd St And Capehart Rd

      Restaurants
      72nd St And Capehart Rd, Papillion, NE 68046
      View Details
    • Value Estimation
      $640,000
      11,400 SF

      102 Cedardale Rd

      SHOPPING CENTER, STRIP CENTER
      102 Cedardale Rd, Papillion, NE 68046-2817
      View Details
    • Value Estimation
      $1,570,000
      10,000 SF

      10601 72nd St Ste, Unit 101

      SHOPPING CENTER, STRIP CENTER
      10601 72nd St Ste, Papillion, NE 68046-3408
      View Details

    Similar Nearby for Sale

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      2,400 SF

      New Panera Bread with Drive-Thru

      New construction Panera Bread with drive-thru in growing suburb.
      1298 S Washington St, Papillion, NE 68046
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    • $105,000

      Papillion Land Lot For Sale

      Corner walkout lot backing to green space in Tower District.
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    • $85,000

      Lot in Tower District

      Walkout lot in a walkable mixed-use community.
      37 Vlg Of Monrovia, Papillion, NE 68046
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    • $90,000

      Corner Lot in Tower District

      Corner walkout lot in a walkable mixed-use community.
      20 Vlg Of Monrovia, Papillion, NE 68046
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    • $78,000

      Corner Lot in Tower District

      Corner daylight lot in walkable mixed-use community.
      34 Vlg Of Monrovia, Papillion, NE 68046
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    Similar Nearby for Lease

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      Regional Shopping Center in Papillion

      654,666 SF shopping center at 72nd and Highway 370.
      7775 Olson Dr, Papillion, NE 68046
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      7,501 SF

      Retail Space in Mixed-Use Development

      Retail space available in a mixed-use development.
      84th St & NE-370, Papillion, NE 68046
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    • Contact for pricing
      1,471 SF

      Retail Space in Papillion, Nebraska

      Retail space with high visibility and strong demographics.
      304 Olson Dr, Papillion, NE 68046
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    • $2 SF/Yr
      24,858 SF

      Shadow Lake Towne Center Pad

      Prime Sarpy County commercial land
      11707 73Rd St, Papillion, NE 68046
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease in Papillion, Nebraska.
      7751 Towne Center Pkwy, Papillion, NE 68046
      View Details
    • Contact for pricing
      1,303 SF

      Retail Space in Papillion

      Retail space available for lease in Papillion, Nebraska.
      7305 Towne Center Pkwy, Papillion, NE 68046
      View Details
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    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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