Property profile

1218 Royal Dr Papillion, NE 68046

OFF-MARKET
Commercial land
Property ID
US57-0053237
0.77 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,400-square-foot industrial building, completed in 2024, offers a prime location at the intersection of Royal Drive and 84th Street in Papillion. The single-story structure features six individual suites, each measuring 1,400 square feet (28' x 50'), providing flexibility for various business needs. These suites can be combined to accommodate larger tenants requiring up to the full 8,400 square feet. The building boasts a generous 22-foot ceiling height, and convenient access is provided by six drive-in doors. Situated on one acre of land, the property is zoned for light industrial use, making it ideal for a wide range of businesses. Its strategic location along the busy 84th Street corridor ensures high visibility and easy accessibility. The surrounding area offers a wealth of amenities, including numerous restaurants and services, enhancing the convenience for employees and clients. This new construction presents a rare opportunity to secure modern, functional space in a thriving Papillion location. Minimum leasable space is 1,400 square feet.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.77 ac (33,459 SF)
APN 11167823
UPID US57-0053237

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1218 Royal Dr Papillion, NE 68046-2080
Papillion metro Census 10617 OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2021
Last sale
$195,000
3 recorded transactions
2021
$195,000
2017
Price N/A
2005
$155,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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