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    7403 Towne Center Pkwy Papillion, NE 68046

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    7403 Towne Center Pkwy Papillion, NE 68046

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    • Retail space
    • 50,654 SF
    • 4.17 lot acres
    For Lease
    $8,025,000
    View Listing →
    Retail Space in Papillion, NE For Lease
    $8,025,000
    6,350 SF

    Retail Space in Papillion, NE

    6,350 SF retail space available for lease.

    7403 Towne Ctr Pkwy, Papillion, NE
    View Listing
    Property ID
    US57-0130896
    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

    • Retail space

    Property Details for 7403 Towne Center Pkwy

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    4.17 lot acres
    Property size
    50,654 SF
    Property type
    Retail space
    APN
    11590993
    APU
    11590993

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,210,000
      6.5%
      $9,425,000
      7%
      $8,755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,498,000
      Market price range: $3.58M - $12.5M
      AI Estimate
      $6,156,000
      Market price range: $2.82M - $10.6M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,915,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $9,465,000
      Change: +20% Conversion: Moderate
      MEDICAL BUILDING
      $7,650,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,515,000
      Change: -5% Conversion: Difficult
      OFFICE BUILDING
      $7,390,000
      Change: -7% Conversion: Easy
      COMMERCIAL (GENERAL)
      $7,095,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0266
    Latitude
    41.1335
    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
    $105,997
    $1,634,850
    $3,994,500
    $5,629,350
    -
    $1,634,850
    $3,994,500
    $5,629,350

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      138 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      138 Washington St, Papillion, NE 68046-2435
      View Details
    • Value Estimation by Request
      951 SF

      107 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 951 SF
      107 Washington St, Papillion, NE 68046-2475
      View Details
    • Value Estimation by Request
      2,040 SF

      325 Adams St

      RETAIL STORES (PERSONAL SERVICES) • 2,040 SF
      325 Adams St, Papillion, NE 68046-2423
      View Details
    • Value Estimation
      $1,515,000
      7,361 SF

      1179 Joseph Plz

      RETAIL STORES (PERSONAL SERVICES) • 7,361 SF
      1179 Joseph Plz, Papillion, NE 68046-1508
      View Details
    • Value Estimation
      $1,100,000
      7,811 SF

      8505 Giles Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,811 SF
      8505 Giles Rd, Papillion, NE 68046-7061
      View Details
    • Value Estimation
      $1,090,000
      6,384 SF

      210 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 6,384 SF
      210 Washington St, Papillion, NE 68046-2353
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      800,000 SF

      Large Mixed-Use Development Opportunity

      230-acre mixed-use development with residential, commercial, and educational components.
      72nd St And Capehart Rd, Papillion, NE 68046
      View Details
    • Contact for pricing

      Prime Commercial Lots Available

      High-growth location near Shadow Lake Towne Center.
      72nd And Schram St, Papillion, NE 68046
      View Details
    • Contact for pricing

      Commercial Land Near I-80

      Commercial land available near I-80 interchange, ideal for retail.
      107 107Th Ave, Papillion, NE 68046
      View Details
    • Contact for pricing
      7,000 SF

      Land For Sale

      Commercial land available for sale.
      370 & 72nd Hwy, Papillion, NE 68046
      View Details
    • Contact for pricing
      3,802 SF

      Highway Frontage Commercial Property

      Commercial property on Highway 370 with two access points.
      713 Olson Dr, Papillion, NE 68046
      View Details
    • $85,000

      Residential Lot in Tower District

      Walkout lot in a walkable mixed-use community near Highway 370.
      42 Vlg Of Monrovia, Papillion, NE 68046
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,303 SF

      Retail Space in Papillion

      Retail space available for lease in Papillion, Nebraska.
      7305 Towne Center Pkwy, Papillion, NE 68046
      View Details
    • Contact for pricing
      6,350 SF

      Retail Space in Papillion, NE

      6,350 SF retail space available for lease.
      7403 Towne Center Pkwy, Papillion, NE 68046
      View Details
    • $18 SF/Yr
      2,520 SF

      Retail Space Available For Rent

      Retail space available for lease in Papillion, Nebraska.
      1401 South Washington St, Papillion, NE 68046
      View Details
    • Contact for pricing

      Retail Space in Apartment Complex

      Retail space available within a 400-unit apartment complex.
      9831 S 96 St, Papillion, NE 68046
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial space available for lease at 465 Olson Dr.
      465 Olson Dr, Papillion, NE 68046
      View Details
    • Contact for pricing

      Regional Shopping Center in Papillion

      654,666 SF shopping center at 72nd and Highway 370.
      7775 Olson Dr, Papillion, NE 68046
      View Details
    View Listing
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    Papillion, NE 68046
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    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
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