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    Property profile & analytics

    11707 73Rd St Papillion, NE 68046

    • Banks
    • 3,295 SF
    • 1.61 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0436946
    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

    • Banks

    Property Details for 11707 73Rd St

    Year built
    2022
    Lot size
    1.61 lot acres
    Property size
    3,295 SF
    Property type
    Banks
    APN
    11592677
    APU
    11592677

    Description

    This exceptional 0.57-acre commercial land parcel, totaling 24,858 square feet, presents a rare opportunity within the thriving Shadow Lake Towne Center in Sarpy County, Nebraska. Boasting excellent visibility and frontage on 72nd Street, this single-tenancy lot is ideally situated adjacent to a new Chase Bank branch. The property is zoned MU and benefits from its location within a dynamic 650,000+ square foot power center, anchored by prominent national retailers such as Hy-Vee, Dick's Sporting Goods, and JCPenney. This strategic location places the property at the heart of Sarpy County's robust retail corridor, less than a mile from the new Tower District and Midlands Place. The surrounding area showcases significant ongoing development, including over 350 apartment units and 180 single-family home lots either recently completed or currently under construction within a one-mile radius. Sarpy County's consistent growth, recognized as Nebraska's fastest-growing county for over a decade, ensures a strong and expanding market for this prime commercial land. The property is available for both sale and lease. Specific sale terms and any exclusions will be provided upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $414,000
      Market price range: $234k - $414k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $310,000
      Current use
      OFFICE BUILDING
      $440,000
      Change: +42% Conversion: Difficult
      RETAIL STORES
      $375,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $315,000
      Change: +1% Conversion: Difficult
      MEDICAL BUILDING
      $255,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0244
    Latitude
    41.1343
    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
    $27,710
    $1,049,850
    $421,764
    $1,471,614
    -
    $1,049,850
    $421,764
    $1,471,614

    Comparable in this City

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      $470,000
      5,885 SF

      1200 Golden Gate Dr

      FINANCIAL BUILDING • 5,885 SF
      1200 Golden Gate Dr, Papillion, NE 68046-2838
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    • Value Estimation by Request
      1.00 Acre

      607 Pinnacle Dr

      Individual retail properties • 5,760 SF
      607 Pinnacle Dr, Papillion, NE 68046
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    • Value Estimation
      $435,000
      3,548 SF

      11305 Cumberland Dr

      FINANCIAL BUILDING • 3,548 SF
      11305 Cumberland Dr, Papillion, NE 68046-3912
      View Details
    • Value Estimation
      $255,000
      3,032 SF

      102 Cary St

      FINANCIAL BUILDING • 3,032 SF
      102 Cary St, Papillion, NE 68046-2061
      View Details
    • Value Estimation
      $1,085,000
      8,218 SF

      7960 Towne Ctr Pkwy

      FINANCIAL BUILDING • 8,218 SF
      7960 Towne Ctr Pkwy, Papillion, NE 68046-2137
      View Details
    • Value Estimation
      $525,000
      5,816 SF

      7404 Olson Dr

      FINANCIAL BUILDING • 5,816 SF
      7404 Olson Dr, Papillion, NE 68046-4802
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      800,000 SF

      Oak Leaf Development: Papillion, NE

      Prime Mixed-Use Land, 12 Pads Available
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    • Contact for pricing
      0.82 Acres

      Shadow Lake Pad 4: Prime Retail Outparcel

      7,000 SF Retail Pad, Build-to-Suit Available
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      Prime Papillion Retail Land

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      Portal Plaza South: Papillion Land

      Commercial Land, Papillion, NE. Excellent development opportunity.
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      Papillion Commercial Land - 48.7 Acres

      Prime Nebraska development land, high-traffic location.
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      50,529 SF

      Highway 370 Mixed-Use Development

      Mixed-use development land for sale or build-to-suit.
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    Similar Nearby for Lease

    • Contact for pricing
      654,666 SF

      Shadow Lake Towne Center Office Space

      Papillion, NE Executive Office Suites Available
      7775 Olson Dr, Papillion, NE 68046
      View Details
    • Contact for pricing
      1,303 SF

      Retail Space in Papillion

      Retail space available for lease in Papillion, Nebraska.
      7305 Towne Center Pkwy, Papillion, NE 68046
      View Details
    • Contact for pricing
      6,350 SF

      Retail Space in Papillion, NE

      6,350 SF retail space available for lease.
      7403 Towne Center Pkwy, Papillion, NE 68046
      View Details
    • $25 SF/Yr

      Retail Space in Apartment Complex

      Retail space available within a newly built apartment complex.
      9831 South 96Th St, Omaha, NE 68046
      View Details
    • $25 SF/Yr
      190,000 SF

      Shoppes at Lux 96 Retail Space

      Papillion, NE retail space available. Prime location, multiple tenants.
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      View Details
    • $20 SF/Yr
      18,339 SF

      Barrington Place Retail Center

      Papillion, NE retail space available.
      754 Gold Coast Rd, Papillion, NE 68046
      View Details
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    11707 73Rd St
    Papillion, NE 68046
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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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