Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    701 Galvin Rd S Bellevue, NE 68005

    Property Lookup

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

    701 Galvin Rd S Bellevue, NE 68005

    View on Map
    • Strip malls
    • 34,486 SF
    • 1.90 lot acres
    For Lease
    $3,435,000
    View Listing →
    Retail and Office Space Available For Lease
    $3,435,000
    10,100 SF

    Retail and Office Space Available

    Retail and office spaces for lease in Bellevue, Nebraska.

    701 Galvin Rd S, Bellevue, NE 68005
    View Listing
    Property ID
    US57-0104768
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 701 Galvin Rd S

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    1.90 lot acres
    Property size
    34,486 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    11083662
    APU
    11083662

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    Sarpy
    State
    Nebraska
    Longitude
    -95.916
    Latitude
    41.1539
    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
    $33,362
    $247,968
    $1,332,006
    $1,579,974
    -
    $247,968
    $1,332,006
    $1,579,974

    Comparable in this City

    • Value Estimation
      $4,040,000
      24,168 SF

      1005 Galvin S Rd

      SHOPPING CENTER, STRIP CENTER • 24,168 SF
      1005 Galvin S Rd, Bellevue, NE 68005-3056
      View Details
    • Value Estimation
      $1,310,000
      8,264 SF

      2212 Avery E Rd

      SHOPPING CENTER, STRIP CENTER • 8,264 SF
      2212 Avery E Rd, Bellevue, NE 68005-4643
      View Details
    • Value Estimation
      $835,000
      7,087 SF

      435 Galvin N Rd

      SHOPPING CENTER, STRIP CENTER • 7,087 SF
      435 Galvin N Rd, Bellevue, NE 68005-4645
      View Details
    • Value Estimation by Request
      1,980 SF

      1503 Galvin S Rd

      SHOPPING CENTER, STRIP CENTER • 1,980 SF
      1503 Galvin S Rd, Bellevue, NE 68005-3673
      View Details
    • Value Estimation
      $1,940,000
      16,281 SF

      714 Ft Crook N Rd

      SHOPPING CENTER, STRIP CENTER • 16,281 SF
      714 Ft Crook N Rd, Bellevue, NE 68005-4558
      View Details
    • Value Estimation
      $1,380,000
      13,002 SF

      204 Galvin N Rd

      SHOPPING CENTER, STRIP CENTER • 13,002 SF
      204 Galvin N Rd, Bellevue, NE 68005-4899
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,619 SF

      Commercial Property with Parking

      Commercial property for sale with great parking and visibility.
      1010 Fort Crook Rd S, Bellevue, NE 68005
      View Details
    • $4,384,452
      13,331 SF

      CVS Bellevue Covered Land Investment

      Prime location with redevelopment potential and stable income stream.
      1701 Galvin Rd S, Bellevue, NE 68005
      View Details
    • Contact for pricing
      4,813 SF

      Bellevue Service Garage Opportunity

      4,813 SF service garage for sale in Bellevue, Nebraska.
      1003 Fort Crook Rd N, Bellevue, NE 68005
      View Details
    • $65,000

      Bellevue Commercial Lot Opportunity

      0.71-acre commercial lot in a thriving retail hub.
      913 Harvell Dr, Bellevue, NE 68005
      View Details
    • Contact for pricing
      7,260 SF

      Warehouse with Land Available

      7,260 SF warehouse with additional land for sale.
      1000 Cunningham Rd, Bellevue, NE 68005
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,407 SF

      Retail Space in Bellevue Center

      Retail space available in a Family Fare anchored shopping center.
      1404-1510 Harlan Dr, Bellevue, NE 68005
      View Details
    • $15 SF/Yr
      10,100 SF

      Retail Space in Bellevue, Nebraska

      Grocery-anchored retail space with prominent frontage and signage opportunities.
      601-801 Galvin Rd S, Bellevue, NE 68005
      View Details
    • $6 SF/Yr

      Retail Space in American Plaza

      Retail and office spaces available in busy Bellevue shopping center.
      701 Galvin Rd S, Bellevue, NE 68005
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease in Bellevue, Nebraska.
      701 Galvin Rd S, Bellevue, NE 68005
      View Details
    • Contact for pricing
      638 SF

      Bellevue Retail or Office Space

      Retail or office space in the heart of Bellevue, Nebraska.
      1315-1321 Galvin Rd S, Bellevue, NE 68005
      View Details
    • $7 SF/Yr
      114,851 SF

      Versatile Space in Southroads Tech Park

      Adaptable space suitable for office, retail, or institutional use.
      1001 Fort Crook Rd North, Bellevue, NE 68005
      View Details
    View Listing
    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.
    701 Galvin Rd S
    Bellevue, NE 68005
    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!