1502 Washington St Papillion, NE 68046
- Medical offices
- 7,500 SF
- 0.94 lot acres
Current Use by Public Records
- Medical offices
Property Details for 1502 Washington St
- Year built
- 2002
- Construction
- WOOD FRAME
- Lot size
- 0.94 lot acres
- Property size
- 7,500 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 11028963
- APU
- 11028963
Description
This exceptional two-story, 15,000 square foot Class B medical office building in Papillion, Nebraska, offers multiple tenancy options. Suites range from 3,562 to 5,844 contiguous square feet, ideal for a variety of medical and traditional office users. The property sits on a 41,112 square foot lot and boasts a newly remodeled first-floor common area and new digital monument signage. Its prime location offers excellent proximity to CHI Midland's Hospital, providing convenient access for patients and staff. The building features convenient "park at your door" entrances. Current tenants include an oral surgeon and family medicine practice, creating a synergistic environment. A market tenant improvement package is available for medical tenants. The building is professionally managed and zoned CC. This is a unique opportunity to secure high-quality office space in a thriving Nebraska community. The property consists of one building with two stories.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,665,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,070,000
- 6.5%
- $1,990,000
- 7%
- $1,890,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,070,000
- Geo Method
- $2,075,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,010,000
- Retail
- $1,815,000
- Mixed-Use
- $2,195,000
- Hospitality
- $1,780,000
- Educational
- $1,745,000
- Residential Income
- $2,155,000
- Energy
- $1,735,000
- Income-Based Land
- $1,770,000
- Food Service
- $2,150,000
Location Insight
- Map
- Local Demand
- City
- Papillion
- County
- Sarpy
- State
- Nebraska
- Longitude
- -96.0435
- Latitude
- 41.1372
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
