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Property profile & analytics
FOR LEASE
Grocery and convenience stores
2109 Towne Center Dr, Bellevue, NE 68123
Entity Owned
Free & Clear
Property ID
US57-0322606
For Lease
1 / 3
$6,520,000
2109 Towne Center Dr, Bellevue, NE 68123
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Property summary
AI-generated overview
This exceptional 0.87-acre commercial land parcel presents a unique investment opportunity in Bellevue, Nebraska. Strategically located at 2109 Towne Centre Drive, this property boasts unparalleled visibility and accessibility, situated as an outparcel to a Walmart Neighborhood Market. The high-traffic location ensures significant exposure to a large customer base. Its proximity to Offutt Air Force Base, base housing, and numerous apartment complexes guarantees a consistent flow of potential customers. This prime location offers the closest Walmart shopping option for communities to the south, further enhancing its desirability. The land is classified as commercial and is situated in Sarpy County, Nebraska, with a zip code of 68123. This property is ideal for a variety of commercial developments, capitalizing on the strong existing infrastructure and high-demand location. The site's size and location make it an attractive option for businesses seeking high visibility and convenient access to a substantial customer base. Don't miss this chance to acquire a highly sought-after commercial land parcel in a thriving Nebraska community.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2012
Total area
41,580 SF
Lot
6.66 ac (290,197 SF)
APN
11592807
UPID
US57-0322606
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
Current use
Occupant on record · Public records
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Walmart Patio & Garden Services Landscaping General Contractor
-
Walmart House Cleaning Services Hardware & Home Improvement
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Ria Money Transfer - Walmart Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.86M
Comparable Approach
Comparable
$6.53M
Blend (final)
Blend
$6.52M
Owner & transaction history
WAL MART REAL EST BUSINESS TRUST
WAL MART REAL EST BUSINESS TRUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.0M
+79.1%
Office building
$7.9M
+40.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,515,000
6.5%
$7,860,000
7%
$7,300,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,020,000
Change: +79% · Conversion: Moderate
OFFICE BUILDING
$7,880,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$5,320,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$6.52M
Range $5.87M – $7.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$157 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$78,129
Tax year 2023
Assessed value
$3,700,000
Assessed 2023
Previous assessed
$3,700,000
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,160,788
Assessed improvement
$2,539,212
Land market value
$1,160,788
Improvement market value
$2,539,212
Total market value
$3,700,000
Applied tax rate
10,002.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2012
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
41,580 SF
Lot
6.66 ac (290,197 SF)
APN
11592807
UPID
US57-0322606
Jurisdiction
SARPY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.0M
OFFICE BUILDING
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$5.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
6.66 ac
Current owner
From public records · entity-resolved
WAL MART REAL EST BUSINESS TRUST
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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