1502 S Washington St, Papillion, NE 68046
- Medical Office Space
- 7,500 SF
- 0.94 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 1502 S Washington St
- Year built
- 2002
- Construction
- WOOD FRAME
- Lot size
- 0.94 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 11028963
- APU
- 11028963
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 23, 2023 | — | Jjcb LLC | — | Deed · related | $275k · First Westroads Bank INC |
| Jan 28, 2022 | $1,865,000 | Jjcb LLC | Theodore E Vasko | Warranty Deed | $1.5M · First Westroads Bank INC |
| Jan 28, 2022 | — | Theoodre E Vasko | Ricky J Beaudin | Correction Deed · related | — |
| Mar 31, 2016 | $345,000 | Theodore E Vasko | Beaudin,ricky J & Jeanine | Warranty Deed | — |
| Jun 12, 2006 | — | Theodore E Vasko | Papillion Medical Building LLC | Warranty Deed | — |
| — | — | Papillion Medical Building LLC | — | Deed Of Trust · related | $124k · First National Bank |
| — | — | Papillion Medical Building LLC | — | Deed Of Trust · related | $279k · First National Bank |
| — | — | Papillion Medical Building | — | Deed Of Trust · related | $1.3M · First National Bank |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,665,000
- ML approach
- $1,510,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,690,000
- 6.5%
- $1,560,000
- 7%
- $1,450,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,660,000
Market price range: $908k - $1.66M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,135,000 Current use
- RESTAURANT
- $2,460,000 Change: +117% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,400,000 Change: +24% Conversion: Difficult
- RETAIL STORES
- $1,170,000 Change: +3% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,115,000 Change: -2% Conversion: Difficult
- OFFICE BUILDING
- $1,095,000 Change: -3% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,050,000 Change: -7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
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
