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Property profile & analytics
FOR SALE
Commercial real estate

713 Olson Dr Papillion, NE 68046

3,775 SF 1.02 ac lot Built 1981
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US57-0181411
Property summary
AI-generated overview

This exceptional 1.02-acre commercial lot in Papillion, Nebraska, presents a unique investment opportunity. Located on Highway 370, this property boasts excellent visibility and accessibility with two convenient entrances from the access road. Currently improved with a 3,802 square foot building, which functions as a self-service carwash, the property offers significant potential for redevelopment. The existing structure could be repurposed to create a variety of commercial spaces, including traditional or creative office spaces, making it an ideal canvas for a savvy investor. The zoning is designated 03-Commercial, allowing for a wide range of uses. The single-story building, constructed in 1981, provides a solid foundation for future development. Ample parking is available with 12 spaces on-site. This prime location in the thriving Sarpy County, with its zip code 68046, offers exceptional growth prospects and strong potential for a high return on investment. The property's strategic positioning along Highway 370 ensures high traffic volume and visibility, making it an attractive option for businesses seeking a prominent presence in the Papillion market. Don't miss this chance to acquire a versatile commercial property with immense upside.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1981
Construction CONCRETE BLOCKS
Total area 3,775 SF
Lot 1.02 ac (44,541 SF)
Zoning code 1
APN 11098201
UPID US57-0181411
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$598k
Blend (final) Blend
$505k
Owner & transaction history
Shadow Lake West LLC · 12 yrs held
Shadow Lake West LLC
since 2014
1 recorded transaction
2014
$700,000
Zoning & alternative use
1 · Papillion, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $705,000 +33.4%
Retail stores $590,000 +11.5%
Medical building $570,000 +7.8%
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More about this property
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