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Property profile & analytics
FOR LEASE
Banks

1401 S Washington St Papillion, NE 68046

2,175 SF 1.13 ac lot Built 1979
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US57-0131213
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1979
Construction WOOD FRAME
Total area 2,175 SF
Lot 1.13 ac (49,100 SF)
APN 10959963
UPID US57-0131213
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
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
F & M Bank · 1 yrs held
F & M Bank
since 2024
Last sale
$1.6M
2 recorded transactions
2024
$1.6M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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