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    Property profile & analytics

    1413 Washington St Papillion, NE 68046-4165

    • Office buildings
    • 12,342 SF
    • 2.18 lot acres
    OFF-MARKET
    Value Estimation
    $3,040,000
    Last Sale
    Jan 05, 2022
    $3,300,000
    Location Intelligence
    Property ID
    US57-0162035
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1413 Washington St

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    2.18 lot acres
    Property size
    12,342 SF
    Zone code
    1
    Property type
    Office buildings
    APN
    11592917
    APU
    11592917

    Description

    This exceptional three-story, 36,000 square foot building, situated at 1413 S Washington St, Papillion, NE 68046, presents a unique investment opportunity. Built in 1998, the Midlands Professional Centre boasts a prime location at the intersection of 84th & Highway 370, enjoying high visibility to an estimated 43,350 vehicles daily. The property is zoned CC and features three individual suites ranging from 1,760 to 3,223 square feet, currently available for lease. The building offers ample parking with 146 spaces and convenient elevator access. Property taxes are $15 per square foot. The building's classification includes both retail and executive office space, making it suitable for a variety of businesses. With its strategic location, substantial size, and modern amenities, the Midlands Professional Centre provides an excellent opportunity for businesses seeking a prominent presence in the thriving Papillion market. The property consists of one building with three suites, offering flexibility for various business needs. This is a multi-tenant building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,945,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,025,000
      6.5%
      $3,410,000
      7%
      $3,195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,730,000
      Geo Method
      $2,745,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,905,000
      Retail
      $3,440,000
      Mixed-Use
      $3,760,000
      Hospitality
      $3,845,000
      Educational
      $3,745,000
      Residential Income
      $3,760,000
      Energy
      $3,685,000
      Income-Based Land
      $3,650,000
      Food Service
      $3,425,000

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0422
    Latitude
    41.1381
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,482
    $853,938
    $2,517,482
    $3,371,420
    -
    $853,938
    $2,517,482
    $3,371,420

    Comparable in this City

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      774 Olson Dr

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    • Value Estimation by Request
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      OFFICE BUILDING • 6,570 SF
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      1410 Gold Coast Rd

      OFFICE BUILDING • 11,209 SF
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      OFFICE BUILDING • 8,067 SF
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    • Value Estimation by Request
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      955 Adams St

      OFFICE BUILDING • 10,677 SF
      955 Adams St, Papillion, NE 68046-3063
      View Details

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    Similar Nearby for Lease

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    • $17 SF/Yr
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      Papillion Medical Office Space

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    Papillion, NE 68046-4165
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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