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Property profile & analytics
FOR LEASE
Strip malls

701 Galvin Rd S Bellevue, NE 68005

34,486 SF 1.9 ac lot Built 1985
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US57-0104768
Property summary
AI-generated overview

American Plaza, located at 701 Galvin Rd S, Bellevue, NE 68005, offers a prime retail investment opportunity in a bustling Nebraska community. This 164,848 square foot shopping center, built in 1985, boasts a strong tenant mix anchored by Bakers and Dollar Tree, ensuring consistent foot traffic. The property's strategic location at the intersection of Galvin Road and Harvell Drive provides excellent visibility and accessibility. Currently, there are multiple spaces available, ranging from a minimum of 3,642 square feet to a maximum contiguous space of 13,742 square feet. A significant 13,742 square feet of vacant space is immediately available, including a 3,642 square foot former physical therapy space and a large, open 10,100 square foot area. The center benefits from a substantial population base drawn from Offutt Air Force Base, Bellevue University, and the surrounding residential areas and schools. This presents a unique chance to establish or expand a retail or office presence in a thriving market. The property is offered at a triple net lease rate of $3.13 per square foot.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction CONCRETE
Total area 34,486 SF
Lot 1.9 ac (82,656 SF)
APN 11083662
UPID US57-0104768
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
  • Farmers Insurance - Andrew Neal Insurance Agency
  • American Plaza Shopping Center & Mall
  • Dollar Tree Discount Store
  • Danial Auto Glass Co. Auto Repair Shop
  • Jonathan Mcquistan Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.44M
Owner & transaction history
American Plaza LLC · 10 yrs held
American Plaza LLC
since 2016
4 recorded transactions
2016
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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