Sign Up Successful!
You now have access to more from Realmo!
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

    11702 216th St Gretna, NE 68028-4730

    • Warehouses
    • 38,040 SF
    • 3.34 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2020
    $3,550,000
    Value Estimations
    $4,400,000
    Show details
    Cap Rate Potential
    5.7%
    Warehouses
    Location Intelligence
    Property ID
    US57-0008013
    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

    • Community Self Storage / Self-Storage Facility

    Property Details for 11702 216th St

    Year built
    2015
    Lot size
    3.34 lot acres
    Property size
    38,040 SF
    Zone code
    1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    11592183
    APU
    11592183

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,790,000
      ML approach
      $5,490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,505,000
      6.5%
      $5,085,000
      7%
      $4,720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,460,000
      Market price range: $3.03M - $7.52M
      AI Estimate
      $2,862,000
      Market price range: $1.49M - $5.70M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,865,000
      Current use
      OFFICE BUILDING
      $7,210,000
      Change: +48% Conversion: Difficult
      RETAIL STORES
      $5,120,000
      Change: +5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Gretna
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.2546
    Latitude
    41.1341
    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
    $74,339
    $473,415
    $2,985,221
    $3,458,636
    -
    $473,415
    $2,985,221
    $3,458,636

    Comparable in this City

    • Value Estimation
      $2,375,000
      4,800 SF

      11821 216th St

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      11821 216th St, Gretna, NE 68028-4770
      View Details
    • Value Estimation
      $4,810,000
      30,000 SF

      Cornhusker Rd

      MINI-WAREHOUSE, STORAGE • 30,000 SF
      Cornhusker Rd, Gretna, NE 68028
      View Details
    • Value Estimation
      $845,000
      9,360 SF

      22096 R R Rd

      MINI-WAREHOUSE, STORAGE • 9,360 SF
      22096 R R Rd, Gretna, NE 68028
      View Details
    • Value Estimation by Request
      768 SF

      109 Mc Kenna Ave

      MINI-WAREHOUSE, STORAGE • 768 SF
      109 Mc Kenna Ave, Gretna, NE 68028
      View Details
    • Value Estimation
      $590,000
      8,100 SF

      11686 216th St

      MINI-WAREHOUSE, STORAGE • 8,100 SF
      11686 216th St, Gretna, NE 68028
      View Details
    • Value Estimation
      $580,000
      4,200 SF

      21923 Fowler Dr

      MINI-WAREHOUSE, STORAGE • 4,200 SF
      21923 Fowler Dr, Gretna, NE 68028
      View Details

    Similar Nearby for Sale

    • $1,322,580
      5,628 SF

      Well-Maintained Industrial Property with Storage

      Industrial property featuring leased and vacant spaces with outdoor storage.
      13597-13611 S 217Th St, Gretna, NE 68028
      View Details
    • $1,322,580
      5,628 SF

      Highway 6 Industrial Property

      Well-maintained industrial property near Highway 6 with fenced storage.
      13597 S 217Th St, Gretna, NE 68028
      View Details
    • $1,200,000
      7,120 SF

      Gretna Industrial

      Flex space • 7,120 SF
      11617 216Th St, Gretna, NE 68028
      View Details
    • Contact for pricing
      10.05 Acres

      I-80 Crossing Industrial Land

      Gretna, NE: Premier Industrial Site
      I-80 204Th St, Gretna, NE 68028
      View Details
    • $4,482,324
      6.86 Acres

      Gretna Industrial Land for Sale

      Prime 13.72-acre industrial site
      204 204 Ave, Gretna, NE 68028
      View Details
    • Contact for pricing
      3.00 Acres

      Gretna Industrial Land for Sale

      Prime Nebraska industrial lots, 3-5 acres.
      192nd And Platteview Rd, Gretna, NE 68028
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      7,680 SF

      New Warehouse Bays For Sublease

      Warehouse bays with drive-in doors, centrally located near interstate.
      22010 Platteview Rd, Gretna, NE 68028
      View Details
    • $14 SF/Yr
      13 SF

      Flex Space with Outdoor Storage

      Move-in-ready flex space featuring fenced outdoor storage and office area.
      20332 Husker Dr, Gretna, NE 68028
      View Details
    • $11 SF/Yr
      23,400 SF

      New Flex Building For Lease

      Flex/industrial space under construction, delivery anticipated Spring 2026.
      20013 Husker Dr, Gretna, NE 68028
      View Details
    • $24 SF/Yr
      1,625 SF

      Retail Space in Growing Community

      Retail space available for lease in Gretna, Nebraska.
      11922 Standing Stone Dr, Gretna, NE 68028
      View Details
    • Contact for pricing
      1,655,280 SF

      Gretna, NE Commercial Land Opportunity

      38 acres, prime Omaha location, high growth.
      0 192Nd St, Gretna, NE 68028
      View Details
    • $32 SF/Yr
      1,625 SF

      Retail Space Near Hy-Vee

      Retail space available in fast-growing Gretna corridor.
      S 192Nd St, Gretna, NE 68028
      View Details
    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.
    11702 216th St
    Gretna, NE 68028-4730
    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.