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

    8350 71st Plz Bellevue, NE 68133-2299

    • Strip malls
    • 7,124 SF
    • 1.41 lot acres
    OFF-MARKET
    Last Sale
    Nov 17, 2021
    $3,940,000
    Value Estimations
    $3,785,000
    Show details
    Cap Rate Potential
    2.7%
    Strip malls
    Location Intelligence
    Property ID
    US57-0542808
    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.

    Current Use by Public Records

    • Strip malls

    Property Details for 8350 71st Plz

    Year built
    2015
    Lot size
    1.41 lot acres
    Property size
    7,124 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    11595916
    APU
    11595916

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,685,000
      ML approach
      $3,570,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,340,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.0229
    Latitude
    41.1758
    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
    $32,038
    $798,460
    $903,042
    $1,701,502
    -
    $798,460
    $903,042
    $1,701,502

    Comparable in this City

    • Value Estimation
      $2,020,000
      12,410 SF

      8540 71st Plz

      SHOPPING CENTER, STRIP CENTER • 12,410 SF
      8540 71st Plz, Papillion, NE 68133-2102
      View Details
    • Value Estimation
      $975,000
      6,530 SF

      1449 Papillion Dr

      SHOPPING CENTER, STRIP CENTER • 6,530 SF
      1449 Papillion Dr, Papillion, NE 68133-2532
      View Details
    • Value Estimation
      $1,225,000
      8,233 SF

      9910 71st Ave

      SHOPPING CENTER, STRIP CENTER • 8,233 SF
      9910 71st Ave, Bellevue, NE 68133-2156
      View Details
    • Value Estimation
      $1,860,000
      12,600 SF

      9820 71st Plz

      SHOPPING CENTER, STRIP CENTER • 12,600 SF
      9820 71st Plz, Bellevue, NE 68133-2251
      View Details
    • Value Estimation
      $1,740,000
      11,773 SF

      8920 71st Plz

      SHOPPING CENTER, STRIP CENTER • 11,773 SF
      8920 71st Plz, Papillion, NE 68133-2179
      View Details
    • Value Estimation
      $1,810,000
      12,410 SF

      8650 71st Plz

      SHOPPING CENTER, STRIP CENTER • 12,410 SF
      8650 71st Plz, Papillion, NE 68133-2104
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.83 Acres

      Omaha Multifamily Land Opportunity

      Prime Papillion land, assumable debt.
      72nd St & Schram Rd, Papillion, NE 68133
      View Details
    • $75,000

      Bellevue Homesite with Lake View

      Luxurious homesite in Bellevue overlooking a private lake.
      13065 S 42Nd Ave, Bellevue, NE 68133
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    • $5,556,825
      8.17 Acres

      Papillion Land Development Opportunity

      8 Acres, Multi-Use Potential, Utilities 2024
      54th And Hwy 370, Papillion, NE 68133
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    • $75,000

      Bellevue Homesite with Lake View

      Luxurious homesite in Bellevue overlooking a private lake.
      13069 S 42Nd Ave, Bellevue, NE 68133
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    • $5,850,000
      90.00 Acres

      Prime Papillion Development Land

      ±90-248 Acres, Mixed-Use Potential
      42nd St & Platteview Rd, Papillion, NE 68133
      View Details
    • $75,000

      Bellevue Residential Homesite Opportunity

      Luxurious homesite in Bellevue, overlooking a private lake.
      13061 S 42Nd Ave, Bellevue, NE 68133
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    Similar Nearby for Lease

    • $24 SF/Yr
      7,000 SF

      Papillion Retail Space For Lease

      High-traffic retail space, 2,546 sq ft available.
      8420 71St Plz, Papillion, NE 68133
      View Details
    • $25 SF/Yr
      253,903 SF

      Shoppes at Market Pointe Retail Space

      Papillion, NE retail space for lease. Multiple suites available.
      72nd St & Giles Rd, Papillion, NE 68133
      View Details
    • $24 SF/Yr
      2,250 SF

      Retail Space with Signage Opportunity

      Endcap retail space with excellent visibility and front door parking.
      9910 S 71St Avenue Cir, Papillion, NE 68133
      View Details
    • Contact for pricing
      6,295 SF

      Retail Space in Papillion, Nebraska

      6,295 SF retail space available for lease in Papillion.
      8810 S 71St Plz, Papillion, NE 68133
      View Details
    • Contact for pricing
      4,000 SF

      Papillion Retail/Office/Medical Space Available

      Up to 4,000 SF available in growing Papillion area.
      10130 S 71St Plz, Papillion, NE 68133
      View Details
    • $16 SF/Yr
      742 SF

      Class A Office Space Available

      Office building near amenities with highway exposure and ample parking.
      4502-4530 Maass Rd, Papillion, NE 68133
      View Details
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    8350 71st Plz
    Bellevue, NE 68133-2299
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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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