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Property profile & analytics
OFF-MARKET
Estimated value
$13,630,000
Outlet malls
8707 71st Plz Bellevue, NE 68133-2135
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US57-1141010
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Construction
CONCRETE
Total area
139,009 SF
Lot
2.04 ac (88,701 SF)
APN
11583018
UPID
US57-1141010
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
$16.62M
Blend (final)
Blend
$13.63M
Owner & transaction history
Ireit Papillion Market Pointe · 11 yrs held
Ireit Papillion Market Pointe
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$21,720,000
Current use
MEDICAL BUILDING
$20,995,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,630,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$20,285,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$19,475,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$13.63M
Range $12.27M – $14.99M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$187,917
Tax year 2023
Assessed value
$9,980,000
Assessed 2023
Previous assessed
$9,980,000
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$3,203,306
Assessed improvement
$6,776,694
Land market value
$3,203,306
Improvement market value
$6,776,694
Total market value
$9,980,000
Applied tax rate
27,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
139,009 SF
Lot
2.04 ac (88,701 SF)
APN
11583018
UPID
US57-1141010
Jurisdiction
SARPY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$21.7M
MEDICAL BUILDING
Est. value
$21.0M
AUTO REPAIR, GARAGE
Est. value
$20.6M
OFFICE BUILDING
Est. value
$20.3M
COMMERCIAL (GENERAL)
Est. value
$19.5M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
Ireit Papillion Market Pointe
Individual
Mailing address
PO BOX 3666, OAK BROOK, IL 60522-3666
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2015
$27,400,000
Ireit Papillion Market Pointe
Spirit Mt Papillion Ne LLC
Grant Deed
—
Jun 30, 2008
$25,500,000
Cole Mt Papillion Ne LLC
Market Pointe LLC
Grant Deed
—
—
—
Cole Mt Papillion Ne LLC
—
Deed Of Trust
related
$41,000,000 · Jackson National Life Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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