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Property profile & analytics
OFF-MARKET
Estimated value
$17,205,000
Office buildings
12325 Prt Grace Blvd Papillion, NE 68128-8204
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0121069
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
STEEL & CONCRETE
Total area
85,632 SF
Lot
5.69 ac (247,856 SF)
APN
11590263
UPID
US57-0121069
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
$19.21M
Comparable Approach
Comparable
$18.35M
Blend (final)
Blend
$17.21M
Owner & transaction history
Lund Southport 14 LLC · 19 yrs held
Lund Southport 14 LLC
since 2007
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$28.1M
+125.0%
Neighborhood: shopping center
$16.0M
+28.0%
Retail stores
$13.4M
+7.1%
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%
$20,810,000
6.5%
$19,210,000
7%
$17,840,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,495,000
Current use
RESTAURANT
$28,110,000
Change: +125% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$16,000,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$13,380,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$12,930,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,710,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,995,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$17.21M
Range $15.48M – $18.93M · ±10%
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
$201 / 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
$349,368
Tax year 2023
Assessed value
$17,282,432
Assessed 2023
Previous assessed
$17,282,432
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,239,280
Assessed improvement
$16,043,152
Land market value
$1,239,280
Improvement market value
$16,043,152
Total market value
$17,282,432
Applied tax rate
27,142.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL & CONCRETE
Heating
NONE
Buildings
2
Stories
3
Total area
85,632 SF
Lot
5.69 ac (247,856 SF)
APN
11590263
UPID
US57-0121069
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
OFFICE BUILDING Current
Est. value
$12.5M
RESTAURANT
Est. value
$28.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.0M
RETAIL STORES
Est. value
$13.4M
MEDICAL BUILDING
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$12.7M
COMMERCIAL (GENERAL)
Est. value
$12.0M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
STEEL & CONCRETE
Heating
NONE
Stories
3
Buildings
2
Lot
5.69 ac
Current owner
From public records · entity-resolved
Lund Southport 14 LLC
Entity
Mailing address
1080 JORDAN CRK PKWY, WEST DES MOINES, IA 50266-6004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2007
—
Lund Southport 14 LLC
—
Trustees Deed
related
$11,400,000 · Great Western Bank
—
—
Lund Southport 14 LLC
—
Deed Of Trust
related
$11,300,000 · Genworth Life Insurance Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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