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    126th Highway 370 Omaha, NE 68046
    Property profile & analytics

    126th Highway 370, Omaha, NE 68046

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    • Retail properties & Spaces
    • 33,106 SF
    • 0.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 126th Highway 370

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

    Description

    This exceptional 0.76-acre commercial land parcel, located at the intersection of 126th and Highway 370 in Papillion, Nebraska (zip code 68046), presents a unique investment opportunity. Boasting a substantial 33,106 square feet, this pad-ready site is priced competitively at $20 per square foot, totaling $662,120. The property benefits from excellent visibility and high traffic counts due to its prominent Highway 370 frontage. Its MU zoning permits a variety of uses, making it ideal for a range of commercial developments. The site's strategic location offers easy access to Interstate 80, placing it within minutes of major transportation arteries. Furthermore, this location is experiencing significant residential growth, creating a strong demand for commercial services. The immediate area includes established businesses such as Pinnacle Bank, and is adjacent to the Generations and Werner Park Stadium, ensuring high foot traffic and visibility. This property is perfectly suited for businesses such as daycare centers, medical offices, or dance studios, among other possibilities. Don't miss this chance to capitalize on the thriving Papillion market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.1098
    Latitude
    41.1474

    Comparable in this City

    • Value Estimation by Request
      7,000 SF

      370 & 72nd Hwy

      Lifestyle centers
      370 & 72nd Hwy, Papillion, NE 68046
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    • 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
      0.82 Acres

      370 & 72nd Hwy

      Lifestyle centers
      370 & 72nd Hwy, Papillion, 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 by Request
      18,339 SF

      754 Gold Coast Rd

      Restaurants
      754 Gold Coast Rd, Papillion, NE 68046
      View Details
    • Value Estimation by Request
      34.88 Acres

      114th St And Capehart Rd

      Land
      114th St And Capehart Rd, Papillion, NE 68046
      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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    • $75,000

      Land in Tower District

      Large, flat lot in walkable mixed-use community near Highway 370.
      47 Vlg Of Monrovia, Papillion, NE 68046
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    • $75,000

      Lot in Tower District

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

      Land in Tower District

      Daylight lot in walkable mixed-use community near Highway 370.
      24 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

    • Contact for pricing

      Land for Lease

      Land available for lease in Papillion, Nebraska.
      7751 Towne Center Pkwy, 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
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    • Contact for pricing

      Regional Shopping Center in Papillion

      654,666 SF shopping center at 72nd and Highway 370.
      7775 Olson Dr, Papillion, NE 68046
      View Details
    • Contact for pricing
      2,190 SF

      Retail Space in Growing Community

      Retail space in a rapidly expanding Nebraska community.
      2063 Creek Side Dr, Gretna, NE 68046
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      1,303 SF

      Retail Space in Papillion

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

      Retail Space in Apartment Complex

      Retail space available within a 400-unit apartment complex.
      9831 S 96 St, Papillion, NE 68046
      View Details
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    126th Highway 370
    Omaha, 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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