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    Property profile & analytics

    54th Papillion Nebraska Papillion, NE 68133

    • Land
    • 2,000 SF
    • 0.50 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 54th Papillion Nebraska

    Lot size
    0.50 lot acres
    Property size
    2,000 SF
    Property type
    Land

    Description

    Exceptional commercial land opportunity in Papillion, Nebraska, boasting prime Highway 370 frontage. These Class A lots, ranging from 0.5 to 3 acres (2,000 to 15,000 square feet), are zoned for mixed-use development. Situated within a thriving 200-acre mixed-use development, the property benefits from a strategic location on a major growth corridor between Papillion and Bellevue. The development includes 300 single-family homes, a 500-unit luxury multi-family complex, and six acres of commercial lots. This location offers unparalleled visibility and accessibility, enhanced by a new, fully lighted intersection providing full access. The property is served by the Papillion School District. APN is 011613652. Ownership is fee simple. This presents a unique chance to establish a business in a rapidly expanding area with excellent infrastructure and a strong residential base. Lots are available in sizes from one to five acres. Don't miss this chance to secure your place in this dynamic commercial development.

    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
    -95.9953
    Latitude
    41.1398

    Comparable in this City

    • Value Estimation by Request
      90.00 Acres

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      Land • 90.00 Acres
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    • Value Estimation by Request
      2.83 Acres

      72nd St & Schram Rd

      Land • 2.83 Acres
      72nd St & Schram Rd, Papillion, NE 68133
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      253,903 SF

      72nd St & Giles Rd

      Individual retail properties • 253,903 SF
      72nd St & Giles Rd, Papillion, NE 68133
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      8.17 Acres

      54th And Hwy

      Farms • 8.17 Acres
      54th And Hwy, Papillion, NE 68133
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    • Value Estimation by Request
      1.42 Acres

      10325 71st Ter

      COMMERCIAL (GENERAL) • 1.42 Acres
      10325 71st Ter, Papillion, NE 68133-2664
      View Details
    • Value Estimation by Request
      0.65 Acres

      9868 71st Plz

      COMMERCIAL (GENERAL) • 0.65 Acres
      9868 71st Plz, Bellevue, NE 68133
      View Details

    Similar Nearby for Sale

    • $5,850,000
      90.00 Acres

      Prime Papillion Development Land

      ±90-248 Acres, Mixed-Use Potential
      42nd St & Platteview Rd, Papillion, NE 68133
      View Details
    • Contact for pricing
      2.83 Acres

      Omaha Multifamily Land Opportunity

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    • $5,556,825
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      Papillion Land Development Opportunity

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      0.50 Acres

      Hwy 370 Commercial Land Papillion, NE

      Prime Commercial Lots, Hwy 370 Frontage
      54th Papillion Nebraska, Papillion, NE 68133
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    • $75,000

      Bellevue Homesite with Lake View

      Luxurious homesite in Bellevue overlooking a private lake.
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    • $75,000

      Bellevue Residential Homesite Opportunity

      Luxurious homesite in Bellevue, overlooking a private lake.
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    Similar Nearby for Lease

    • $25 SF/Yr
      253,903 SF

      Shoppes at Market Pointe Retail Space

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    • $24 SF/Yr
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      Papillion Retail Space For Lease

      High-traffic retail space, 2,546 sq ft available.
      8420 71St Plz, Papillion, NE 68133
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      742 SF

      Class A Office Space Available

      Office building near amenities with highway exposure and ample parking.
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      6,295 SF

      Retail Space in Papillion, Nebraska

      6,295 SF retail space available for lease in Papillion.
      8810 S 71St Plz, Papillion, NE 68133
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      2,250 SF

      Retail Space with Signage Opportunity

      Endcap retail space with excellent visibility and front door parking.
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    • Contact for pricing
      4,000 SF

      Papillion Retail/Office/Medical Space Available

      Up to 4,000 SF available in growing Papillion area.
      10130 S 71St Plz, Papillion, NE 68133
      View Details
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    54th Papillion Nebraska
    Papillion, NE 68133
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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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