Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1712 Charleston Dr Papillion, NE 68133-2907

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1712 Charleston Dr Papillion, NE 68133-2907

    View on Map
    • Retail space
    • 9,101 SF
    • 2.14 lot acres
    Off-Market
    Property ID
    US57-0043802
    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.
    Value Estimations
    $1,360,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1712 Charleston Dr

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    2.14 lot acres
    Property size
    9,101 SF
    Property type
    Retail space
    APN
    11119381
    APU
    11119381

    Description

    This exceptional freestanding retail building, located at 1712 Charleston Drive in Papillion, Nebraska, presents a unique owner-user opportunity. Boasting 9,101 square feet of space, this single-story, 2006-constructed building sits on a generous 2.14-acre lot, providing ample parking and significant expansion potential. The property enjoys excellent visibility along Cornhusker Road, ensuring high traffic and customer exposure. The building has been meticulously maintained and is zoned for limited commercial use. The asking price is $1,900,000, translating to a land value of $208 per square foot. This represents a compelling investment in a thriving Nebraska market. The property's size, location, and existing infrastructure make it ideal for a variety of retail businesses seeking a prominent presence in Papillion. With its substantial lot size and strategic placement, this property offers significant long-term growth potential. The address is 1712 Charleston Drive, Papillion, NE 68133. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,865,000
      6.5%
      $1,720,000
      7%
      $1,595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,328,000
      Market price range: $634k - $1.91M
      AI Estimate
      $1,029,000
      Market price range: $417k - $1.53M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,225,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,195,000
      Change: +79% Conversion: Moderate
      OFFICE BUILDING
      $1,725,000
      Change: +41% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,165,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0154
    Latitude
    41.1609
    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
    $16,476
    $606,125
    $268,875
    $875,000
    -
    $606,125
    $268,875
    $875,000

    Comparable in this City

    • Value Estimation
      $6,395,000
      56,256 SF

      9515 71st Plz

      RETAIL STORES (PERSONAL SERVICES) • 56,256 SF
      9515 71st Plz, Papillion, NE 68133-2154
      View Details
    • Value Estimation by Request
      4,046 SF

      9550 71st Plz

      FINANCIAL BUILDING • 4,046 SF
      9550 71st Plz, Bellevue, NE 68133
      View Details
    • Value Estimation by Request
      5,040 SF

      8450 71st Plz

      FINANCIAL BUILDING • 5,040 SF
      8450 71st Plz, Papillion, NE 68133-2138
      View Details
    • Value Estimation by Request
      253,903 SF

      72nd St & Giles Rd

      Individual retail properties • 253,903 SF
      72nd St & Giles Rd, Papillion, NE 68133
      View Details
    • Value Estimation
      $515,000
      5,488 SF

      10324 71st Ter

      FINANCIAL BUILDING • 5,488 SF
      10324 71st Ter, Papillion, NE 68133-2661
      View Details
    • Value Estimation
      $1,035,000
      4,738 SF

      9911 71st Ave

      CONVENIENCE STORE • 4,738 SF
      9911 71st Ave, Bellevue, NE 68133-2295
      View Details

    Similar Nearby for Sale

    • $75,000

      Bellevue Homesite with Lake View

      Luxurious homesite in Bellevue overlooking a private lake.
      13065 S 42Nd Ave, Bellevue, NE 68133
      View Details
    • Contact for pricing
      1,229 SF

      Papillion Office Condo For Sale

      Office condo in high visibility Papillion location near Highway 370.
      10791 S 72 St, Papillion, NE 68133
      View Details
    • $75,000

      Bellevue Residential Homesite Opportunity

      Luxurious homesite in Bellevue, overlooking a private lake.
      13061 S 42Nd Ave, Bellevue, NE 68133
      View Details
    • Contact for pricing

      Land for Retail/Office/Industrial Development

      Five lots available for retail, office, or industrial development.
      54th And Hwy 370, Papillion, NE 68133
      View Details
    • $75,000

      Bellevue Homesite with Lake View

      Luxurious homesite in Bellevue overlooking a private lake.
      13069 S 42Nd Ave, Bellevue, NE 68133
      View Details
    • $757,500
      6.06 Acres

      6.06 Acres Near Recreational Complexes

      Land parcel near Giles Road primed for visionary development.
      7610 S 66 St, Papillion, NE 68133
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,250 SF

      Retail Space with Signage Opportunity

      Endcap retail space with excellent visibility and front door parking.
      9910 S 71St Avenue Cir, Papillion, NE 68133
      View Details
    • Contact for pricing
      6,295 SF

      Retail Space in Papillion, Nebraska

      6,295 SF retail space available for lease in Papillion.
      8810 S 71St Plz, Papillion, NE 68133
      View Details
    • Contact for pricing

      Papillion Retail/Office/Medical Space Available

      Up to 4,000 SF available in growing Papillion area.
      10130 S 71St Plz, Papillion, NE 68133
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent in Papillion, Nebraska.
      11425 S 72 St, Papillion, NE 68133
      View Details
    • Contact for pricing

      Retail Space in Shoppes

      Endcap retail space in high-traffic Papillion shopping center.
      8420 S 71St Plz, Papillion, NE 68133
      View Details
    • Contact for pricing

      Retail Space in Settler’s Creek

      Retail space available for lease in Settler’s Creek.
      9614 S 71St Plz, Papillion, NE 68133
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1712 Charleston Dr
    Papillion, NE 68133-2907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!