Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1205 Royal Dr Papillion, NE 68046

    • Warehouses
    • 3,000 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0141280
    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

    • Warehouses

    Property Details for 1205 Royal Dr

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.23 lot acres
    Property size
    3,000 SF
    Property type
    Warehouses
    APN
    11156503
    APU
    11156503

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $199,000
      Market price range: $200k - $430k

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

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0413
    Latitude
    41.1737
    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
    $3,578
    $37,639
    $152,361
    $190,000
    -
    $37,639
    $152,361
    $190,000

    Comparable in this City

    • Value Estimation
      $540,000
      12,000 SF

      12239 Vly Rdg Dr

      WAREHOUSE, STORAGE • 12,000 SF
      12239 Vly Rdg Dr, Papillion, NE 68046-6254
      View Details
    • Value Estimation
      $330,000
      4,140 SF

      501 6th St

      WAREHOUSE, STORAGE • 4,140 SF
      501 6th St, Papillion, NE 68046-3030
      View Details
    • Value Estimation
      $280,000
      3,939 SF

      203 Lincoln St

      WAREHOUSE, STORAGE • 3,939 SF
      203 Lincoln St, Papillion, NE 68046
      View Details
    • Value Estimation
      $310,000
      2,340 SF

      1213 Royal Dr

      WAREHOUSE, STORAGE • 2,340 SF
      1213 Royal Dr, Papillion, NE 68046
      View Details
    • Value Estimation
      $320,000
      2,000 SF

      301 1st St

      WAREHOUSE, STORAGE • 2,000 SF
      301 1st St, Papillion, NE 68046-2454
      View Details
    • Value Estimation
      $280,000
      3,930 SF

      1209 Applewood Dr

      WAREHOUSE, STORAGE • 3,930 SF
      1209 Applewood Dr, Papillion, NE 68046-5776
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.07 Acres

      Portal Plaza South: Papillion Land

      Commercial Land, Papillion, NE. Excellent development opportunity.
      107 107Th Ave, Papillion, NE 68046
      View Details
    • Contact for pricing
      48.70 Acres

      Papillion Commercial Land - 48.7 Acres

      Prime Nebraska development land, high-traffic location.
      84th Highway 370, Papillion, NE 68046
      View Details
    • Contact for pricing
      50,529 SF

      Highway 370 Mixed-Use Development

      Mixed-use development land for sale or build-to-suit.
      114th St & Hwy, Papillion, NE 68046
      View Details
    • $98,500
      0.46 Acres

      Residential Land in Papillion, Nebraska

      Residential land available in Papillion, Nebraska.
      9801 Overland Trl, Papillion, NE 68046
      View Details
    • $82,108

      Residential Land in Papillion, NE

      Residential land near shopping, recreation, and healthcare in Papillion, NE.
      8804 Reed St, Papillion, NE 68046
      View Details
    • $81,068

      Residential Land in Papillion, NE

      Residential land near shopping, recreation, and healthcare in Papillion, NE.
      12358 S Avenue Plz, Omaha, NE 68046
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      42,698 SF

      Hillside Flex: Prime Sarpy County Space

      Modern flex space, I-80 access, immediate occupancy.
      11446 Valley Ridge Dr, Papillion, 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.
      9831 96 St, Papillion, NE 68046
      View Details
    • $2 SF/Yr
      24,858 SF

      Shadow Lake Towne Center Pad

      Prime Sarpy County commercial land
      11707 73Rd St, 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
      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
      32,027 SF

      Midlands Two Medical Office Suites

      Papillion medical office space available.
      401 Gold Coast Rd, Papillion, NE 68046
      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.
    1205 Royal Dr
    Papillion, NE 68046
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.