Property profile

132nd Highway 370 Omaha, NE 68138

OFF-MARKET
Land
74.25 ac lot
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Property summary

AI-generated overview

This exceptional 74.25-acre commercial land parcel presents a rare development opportunity in Sarpy County, Nebraska's fastest-growing county. Strategically located at the intersection of South 132nd Street and Highway 370, this property boasts exceptional visibility and accessibility, with a daily traffic count of 19,850 vehicles. Currently zoned AG, the land is designated as MU1 on the City of Papillion's future land use map, allowing for high-density residential, office, and commercial development. This is one of the last remaining non-developer-owned parcels east of I-80 and directly fronting Highway 370, offering unparalleled potential for significant return on investment. Its prime location is adjacent to the popular Prairie Queen Recreation Area and Werner Park, providing added value and attracting a desirable demographic. The expansive lot size provides ample space for a variety of development projects, catering to diverse needs and maximizing potential revenue streams. This unique opportunity combines prime location, high visibility, and future zoning potential, making it an ideal investment for discerning developers seeking a substantial land holding in a thriving market. The property's address is S 132nd & Hwy 370, Omaha, NE 68138.

Property profile

Verified
Property type Land
Lot 74.25 ac (3,234,330 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

132nd Highway 370 Omaha, NE 68138
Omaha metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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