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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Retail space
1220 Washington St Papillion, NE 68046-3064
Entity Owned
Free & Clear
Property ID
US57-0148706
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
CONCRETE
Total area
6,784 SF
Lot
0.74 ac (32,234 SF)
APN
11351888
UPID
US57-0148706
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
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.09M
Owner & transaction history
Midwest Papillion Auto LLC
Midwest Papillion Auto LLC
since 2025
Last sale
$910,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+19.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,370,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,060,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,265,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$1,025,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,005,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$990,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$950,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $910k (Dec 18 2025)
Last sale anchor
$910k
Dec 18 2025
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
$161 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,135
Tax year 2023
Assessed value
$910,000
Assessed 2023
Previous assessed
$910,000
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$257,872
Assessed improvement
$652,128
Land market value
$257,872
Improvement market value
$652,128
Total market value
$910,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
6,784 SF
Lot
0.74 ac (32,234 SF)
APN
11351888
UPID
US57-0148706
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
RETAIL STORES Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$990,000
COMMERCIAL (GENERAL)
Est. value
$950,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2007
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Midwest Papillion Auto LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 3666, OAK BROOK, IL 60522-3666
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
$910,000
Midwest Papillion Auto LLC
National Net Lease Portfolio III Ex
Quitclaim Deed
related
—
May 8, 2013
$1,537,000
National Net Lease Portfolio I Trust
Papillion Auto LLC
Grant Deed
—
Jun 26, 2012
$1,537,000
Papillion Auto LLC
Arciterra Aa Papillion Ne LLC
Grant Deed
$1,001,000 · Bank Of The Ozarks
Dec 6, 2007
$1,345,050
Arciterra Aa Papillion Ne LLC
Cornerstone Coml Development
Grant Deed
—
May 30, 2007
$355,000
Cornerstone Coml Dev-omaha Ll
Hogan,michael J
Warranty Deed
$1,076,000 · Tcf National 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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