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Property profile & analytics
OFF-MARKET
Estimated value
$6,625,000
Office buildings
1102 1st St Papillion, NE 68046-7641
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US57-0051887
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Total area
36,487 SF
Lot
5.58 ac (243,152 SF)
APN
11592200
UPID
US57-0051887
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.15M
CAP Approach
CAP
$8.19M
Comparable Approach
Comparable
$4.32M
Blend (final)
Blend
$6.63M
Owner & transaction history
Sarpy County Nebraska · 5 yrs held
Sarpy County Nebraska
since 2020
Last sale
$6.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.8M
+28.0%
Retail stores
$5.7M
+7.1%
Medical building
$5.5M
+3.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Papillion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Papillion submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$8,145,000
CAP Approach
CAP Return
Estimation
6%
$8,870,000
6.5%
$8,185,000
7%
$7,600,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,325,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,815,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$5,700,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$5,510,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,415,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,110,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$6.63M
Range $5.96M – $7.29M · ±10% · vs last sale $6.00M (Aug 28 2020)
Last sale anchor
$6.00M
Aug 28 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$182 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Assessed value
$4,140,000
Assessed 2023
Previous assessed
$4,140,000
+0.0% YoY
Assessed land
$1,094,229
Assessed improvement
$3,045,771
Land market value
$1,094,229
Improvement market value
$3,045,771
Total market value
$4,140,000
Applied tax rate
27,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Stories
1
Units
1
Total area
36,487 SF
Lot
5.58 ac (243,152 SF)
APN
11592200
UPID
US57-0051887
Jurisdiction
SARPY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
RETAIL STORES
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Stories
1
Units
1
Lot
5.58 ac
Current owner
From public records · entity-resolved
Sarpy County Nebraska
Entity
Mailing address
1210 GOLDEN GATE DR, PAPILLION, NE 68046-2839
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2020
—
Sarpy County Nebraska
Black Hills Service Company LLC
Warranty Deed
$5,100,000 · Core Bank
Apr 21, 2011
$5,967,000
Hills Utility Holdings I Black
Royce Rogers LLC
Grant Deed
related
—
Sep 15, 2010
—
Royce Rogers LLC
—
Deed Of Trust
related
$5,257,752 · American Interstate Bank
Jul 28, 2010
—
Royce Rogers LLC
City Of Papillion
Warranty Deed
$964,275 · American Interstate Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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