1401 S Washington St Papillion, NE 68046
For Lease
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This exceptional commercial property in Papillion, Nebraska, presents a lucrative investment opportunity. Located at 1401 S Washington St, this 8,160 square foot building sits on a 1.19-acre lot and boasts a prime location at the intersection of Highway 370 and 84th Street, ensuring high traffic visibility. The property features an all-brick exterior, 42 parking spaces, and beautifully landscaped grounds. Built in phases (1979 and 2005), with renovations completed in 2012, the single-story building is zoned for Community Commercial District use. Currently housing two tenants, including First Interstate Bank, this multi-tenant property offers four units, making it ideal for owner-users or investors seeking diverse income streams. The property is offered at $2,500,000 with a NNN lease type. Its convenient through parking lot and location in a thriving, well-developed area make this a truly standout investment. The property's utilities are readily available. This is a rare opportunity to acquire a well-maintained, high-traffic commercial property in a rapidly growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.