Add Listing
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

    10501 21st St Bellevue, NE 68123-3500

    • Outlet malls
    • 42,900 SF
    • 16.25 lot acres
    OFF-MARKET
    Value Estimations
    $7,945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1069360
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Menards / Building Supply / Hardware & Home Improvement
    • Blue Rhino / Propane Supplier
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store

    Property Details for 10501 21st St

    Year built
    1995
    Lot size
    16.25 lot acres
    Property size
    42,900 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    11599039
    APU
    11599039

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,785,000
      6.5%
      $8,110,000
      7%
      $7,530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,996,000
      Market price range: $2.99M - $9.00M
      AI Estimate
      $6,728,000
      Market price range: $2.01M - $6.73M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,775,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $10,340,000
      Change: +79% Conversion: Moderate
      OFFICE BUILDING
      $8,130,000
      Change: +41% Conversion: Easy
      WAREHOUSE, STORAGE
      $5,490,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.9415
    Latitude
    41.1562
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $238,520
    $3,362,720
    $7,933,070
    $11,295,790
    -
    $3,362,720
    $7,933,070
    $11,295,790

    Comparable in this City

    • Value Estimation
      $2,100,000
      12,276 SF

      2012 Cornhusker Rd

      SHOPPING CENTER, STRIP CENTER • 12,276 SF
      2012 Cornhusker Rd, Bellevue, NE 68123-4423
      View Details
    • Value Estimation
      $1,490,000
      9,756 SF

      2403 Towne Ctr Dr

      SHOPPING CENTER, STRIP CENTER • 9,756 SF
      2403 Towne Ctr Dr, Bellevue, NE 68123-6402
      View Details
    • Value Estimation
      $1,330,000
      7,644 SF

      3811 Twin Crk Dr

      SHOPPING CENTER, STRIP CENTER • 7,644 SF
      3811 Twin Crk Dr, Bellevue, NE 68123-4000
      View Details
    • Value Estimation
      $1,620,000
      10,025 SF

      2851 Capehart Rd

      SHOPPING CENTER, STRIP CENTER • 10,025 SF
      2851 Capehart Rd, Bellevue, NE 68123-1770
      View Details
    • Value Estimation
      $1,105,000
      6,250 SF

      3504 Samson Way

      SHOPPING CENTER, STRIP CENTER • 6,250 SF
      3504 Samson Way, Bellevue, NE 68123-4317
      View Details
    • Value Estimation
      $3,985,000
      28,905 SF

      3503 Samson Way

      SHOPPING CENTER, STRIP CENTER • 28,905 SF
      3503 Samson Way, Bellevue, NE 68123-4318
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      9,500 SF

      Bellevue Commercial Space For Sale

      High-traffic location suitable for medical, corporate, or retail use.
      3704 Summit Plaza Dr, Bellevue, NE 68123
      View Details
    • Contact for pricing
      35,938 SF

      Prime Lot in Developing Area

      35,938 SF lot in Bellevue, NE, great visibility.
      48th St & Hwy 370, Bellevue, NE 68123
      View Details
    • Contact for pricing
      4,506 SF

      Bellevue Freestanding Retail Building For Sale

      Vacant freestanding retail building in Bellevue, Nebraska available for sale.
      3809 Twin Creek Dr, Bellevue, NE 68123
      View Details
    • $666,552

      Commercial Land in Daniell Crossing

      1.275 acre commercial lot in Sarpy County, Nebraska.
      2904 Samson Way, Bellevue, NE 68123
      View Details
    • New
      $88,000

      Residential Land in Bellevue, NE

      Residential land available in Bellevue, Nebraska, subject to subdivision.
      1806 Park Cir, Bellevue, NE 68123
      View Details
    • Contact for pricing

      Industrial Land Ready For Development

      10.08 acre industrial parcel with Highway 75 access.
      13055 S 13Th St, Bellevue, NE 68123
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wolf Creek Shopping Center Space

      Retail space available in dominant Bellevue neighborhood shopping center.
      10503 S 15Th St, Bellevue, NE 68123
      View Details
    • $21 SF/Yr
      3,254 SF

      High-Visibility Retail Space Available

      Retail space with high visibility and excellent location in Bellevue.
      2903 Samson Way, Bellevue, NE 68123
      View Details
    • Contact for pricing

      Retail Space in Bellevue

      Retail space available in Bellevue's growing market.
      2903 Samson Way, Bellevue, NE 68123
      View Details
    • Contact for pricing

      Bellevue Retail/Office Property For Rent

      Multi-tenant retail/office property with high visibility and easy access.
      2219 Capehart Rd, Bellevue, NE 68123
      View Details
    • Contact for pricing
      370,000 SF

      Bellevue Warehouse Space Available

      370,000 square foot warehouse space for lease in Bellevue.
      10601 S 15Th St, Bellevue, NE 68123
      View Details
    • Contact for pricing
      234,360 SF

      Bellevue Warehouse/Distribution Space Available

      New warehouse/distribution space in Bellevue, NE, near Highway 75.
      13940 Fort Crook Rd S, Bellevue, NE 68123
      View Details

    Property Visit Statistics

    • Visits by month
      87.6k
    • Visitors by month
      55.3k
    • Avg Time on site
      27 min
    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.
    10501 21st St
    Bellevue, NE 68123-3500
    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.
    Sign Up Successful!
    You now have access to more from Realmo!