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    8219 City Ctr Dr La Vista, NE 68128
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    8219 City Ctr Dr, La Vista, NE 68128

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    • Power centers
    • 50,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Power centers

    Property Details for 8219 City Ctr Dr

    Property type
    Power centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional power center, La Vista City Centre, offers 50,000 square feet of retail space for lease in the vibrant heart of Sarpy County, Nebraska. Located at 8219 City Centre Dr, La Vista, NE 68128 (84th & Giles), this dynamic development is a true community hub, boasting a diverse mix of tenants and a thriving atmosphere. Ten individual spaces are currently available, ranging from a minimum of 1,333 square feet to a maximum contiguous space of 30,100 square feet, providing flexibility for businesses of various sizes. The property is part of a larger mixed-use development, including 384 luxury apartment units, neighborhood services, and office space, ensuring a high volume of foot traffic and a strong customer base. La Vista City Centre is more than just a shopping center

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Vista
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0404
    Latitude
    41.1826

    Comparable in this City

    • Value Estimation by Request
      19,320 SF

      7500 84Th St

      Lifestyle centers
      7500 84Th St, La Vista, NE 68128
      View Details
    • Value Estimation by Request
      47,505 SF

      9631 Giles Rd

      Neighborhood centers
      9631 Giles Rd, La Vista, NE 68128
      View Details
    • Value Estimation by Request
      0.74 Acres

      8021 84Th St

      Medical Office Space
      8021 84Th St, La Vista, NE 68128
      View Details
    • Value Estimation by Request
      120.00 Acres

      I-80 And Harrison St

      Land
      I-80 And Harrison St, La Vista, NE 68128
      View Details
    • Value Estimation by Request

      12040 Mcdermott Plz

      Office Spaces
      12040 Mcdermott Plz, La Vista, NE 68128
      View Details
    • Value Estimation by Request
      16.08 Acres

      108th & Giles Commercial Nec

      Retail properties & Spaces
      108th & Giles Commercial Nec, La Vista, NE 68128
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      1.64 Acre Outparcel For Sale

      1.64 acre outparcel suitable for retail, restaurant, or office.
      9460 Giles Rd, La Vista, NE 68128
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    • Contact for pricing
      8,000 SF

      La Vista Retail Opportunity

      Retail property for sale in La Vista, Nebraska.
      7828 S 123Rd Plz, La Vista, NE 68128
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    • Contact for pricing
      12,100 SF

      12,100 SQFT Industrial Building

      Industrial building with retail visibility and office finish.
      12012 Roberts Rd, La Vista, NE 68128
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    • Contact for pricing
      12,100 SF

      Industrial Building with Retail Visibility

      12,100 SF industrial building with retail access and office finish.
      12012 Roberts Rd, La Vista, NE 68128
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    • Contact for pricing

      Land For Sale La Vista

      Land available for sale in La Vista, Nebraska.
      7120 S 114Th St, La Vista, NE 68128
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      1,200 SF

      Retail and Office Space Available

      Retail and office spaces ideal for small businesses.
      8146 S 96Th St, La Vista, NE 68128
      View Details
    • $30 SF/Yr
      11,840 SF

      Retail Space in La Vista

      Retail space available in growing La Vista City Centre.
      84 & Bartmettler Dr, La Vista, NE 68128
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    • $24 SF/Yr
      11,840 SF

      Retail Space in La Vista

      Retail space for lease in La Vista City Centre.
      8219 City Center Dr, La Vista, NE 68128
      View Details
    • $17 SF/Yr

      La Vista Retail Space Available

      Retail space for lease in strong neighborhood shopping center.
      9631 Giles Rd, La Vista, NE 68128
      View Details
    • Contact for pricing

      Retail Space in La Vista

      Retail space available in La Vista, Nebraska shopping center.
      8013 S 83Rd Ave, La Vista, NE 68128
      View Details
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    La Vista, NE 68128
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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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