Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    114 114Th Ave Papillion, NE 68046

    • Land
    • 16.79 lot acres
    For Sale
    View listing
    $1,762,950
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 114 114Th Ave

    Lot size
    16.79 lot acres
    Property type
    Land

    Description

    This exceptional 16.79-acre parcel presents a remarkable investment opportunity in Papillion, Nebraska, a rapidly growing community. Situated at the northwest corner of 114th Street and Cornhusker Road, this property enjoys unparalleled access, less than five minutes from Interstate 80. The location is strategically positioned along the 114th Street corridor, the last major north-south thoroughfare between Giles Road and Highway 370, making it ideally suited for both residential and commercial development. The property comprises two parcels and is zoned for mixed-use development, allowing for a diverse range of possibilities. Future land use plans indicate high-density residential development, significantly enhancing the property's long-term value. Further increasing its desirability, the land is adjacent to a Natural Resources District data site and is already annexed by Papillion, with utilities, storm sewers, and sanitary sewers readily available. The asking price is $1,762,950, translating to $105,000 per acre. This represents a compelling opportunity to capitalize on Papillion's robust growth trajectory and secure a prime position in this thriving market. The property's location and zoning make it an exceptional choice for developers seeking to create a vibrant and successful project.

    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
    -96.0909
    Latitude
    41.1617

    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
      View Details
    • Value Estimation by Request
      2.56 Acres

      73 73Rd St

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

      11206 114Th St

      Land • 14.71 Acres
      11206 114Th St, Papillion, NE 68046
      View Details
    • 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
      1.19 Acres

      84th St & Hwy 370 -

      Land • 1.19 Acres
      84th St & Hwy 370 -, Papillion, NE 68046
      View Details

    Similar Nearby for Sale

    • $2,200,000
      2.56 Acres

      Shadow Lake Towne Center PAD 13

      Prime Papillion development land, mixed-use.
      73 73Rd St, Papillion, NE 68046
      View Details
    • $2,191,500
      14.71 Acres

      Prairie Hills Development Land

      ±14.71 acres, Mixed-Use Potential
      11206 114Th Ave, Papillion, NE 68046
      View Details
    • $1,569,000
      34.88 Acres

      Papillion Land: 34.88 Acres

      Prime Papillion development land, AG zoning.
      114th St And Capehart Rd, Papillion, NE 68046
      View Details
    • Contact for pricing
      48.70 Acres

      Papillion Commercial Land - 48.7 Acres

      Prime Nebraska development land, high-traffic location.
      84th Highway 370, Papillion, NE 68046
      View Details
    • $1,762,950
      16.79 Acres

      Papillion Land: 16.79 Acres

      Prime Papillion development land, mixed-use zoning.
      114 114Th Ave, Papillion, NE 68046
      View Details
    • $988,810
      4.54 Acres

      Shadow Lake Development Land

      4.54 Acres, Papillion, Nebraska
      785 Olson Dr, Papillion, NE 68046
      View Details

    Similar Nearby for Lease

    • 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
      654,666 SF

      Shadow Lake Towne Center Office Space

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

      Shadow Lake Towne Center Pad

      Prime Sarpy County commercial land
      11707 73Rd St, Papillion, NE 68046
      View Details
    • $25 SF/Yr

      Retail Space in Apartment Complex

      Retail space available within a newly built apartment complex.
      9831 South 96Th St, Omaha, NE 68046
      View Details
    • Contact for pricing
      32,027 SF

      Midlands Two Medical Office Suites

      Papillion medical office space available.
      401 Gold Coast Rd, Papillion, NE 68046
      View Details
    • $25 SF/Yr
      190,000 SF

      Shoppes at Lux 96 Retail Space

      Papillion, NE retail space available. Prime location, multiple tenants.
      9831 96 St, Papillion, NE 68046
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    114 114Th Ave
    Papillion, NE 68046
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.