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    Property profile & analytics

    9518 120th St Papillion, NE 68046-5649

    • Warehouses
    • 10,000 SF
    • 2.28 lot acres
    OFF-MARKET
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-1052739
    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

    • Warehouses

    Property Details for 9518 120th St

    Year built
    2020
    Lot size
    2.28 lot acres
    Property size
    10,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    11602679
    APU
    11602679

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,595,000
      6.5%
      $1,475,000
      7%
      $1,370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,433,000
      Market price range: $667k - $1.43M
      AI Estimate
      $843,000
      Market price range: $441k - $844k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $990,000
      Current use
      RETAIL STORES
      $1,565,000
      Change: +58% Conversion: Moderate
      MEDICAL BUILDING
      $1,510,000
      Change: +53% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,485,000
      Change: +50% Conversion: Easy
      OFFICE BUILDING
      $1,460,000
      Change: +48% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,400,000
      Change: +42% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.1013
    Latitude
    41.1657
    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
    $27,133
    $447,399
    $1,264,430
    $1,711,829
    -
    $447,399
    $1,264,430
    $1,711,829

    Comparable in this City

    • Value Estimation
      $615,000
      5,487 SF

      707 6th St

      MINI-WAREHOUSE, STORAGE • 5,487 SF
      707 6th St, Papillion, NE 68046-3079
      View Details
    • Value Estimation
      $1,075,000
      23,452 SF

      1201 Royal Dr

      MINI-WAREHOUSE, STORAGE • 23,452 SF
      1201 Royal Dr, Papillion, NE 68046-2081
      View Details
    • Value Estimation by Request
      4,000 SF

      206 Grant St

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      206 Grant St, Papillion, NE 68046-2641
      View Details
    • Value Estimation
      $1,115,000
      10,760 SF

      1502 Bristol St

      MINI-WAREHOUSE, STORAGE • 10,760 SF
      1502 Bristol St, Papillion, NE 68046-3100
      View Details
    • Value Estimation
      $7,485,000
      107,520 SF

      921 Cedardale Rd

      MINI-WAREHOUSE, STORAGE • 107,520 SF
      921 Cedardale Rd, Papillion, NE 68046-4768
      View Details
    • Value Estimation
      $780,000
      12,000 SF

      12239 Vly Rdg Dr

      WAREHOUSE, STORAGE • 12,000 SF
      12239 Vly Rdg Dr, Papillion, NE 68046-6254
      View Details

    Similar Nearby for Sale

    • $65,000
      0.28 Acres

      Residential Lot in Villa Community

      Residential lot in Papillion, HOA includes many services.
      11688 S 124Th St, Papillion, NE 68046
      View Details
    • $65,000
      0.22 Acres

      Residential Lot in Villa Community

      Residential lot with HOA amenities in Papillion, Nebraska.
      11659 S 124Th St, Papillion, NE 68046
      View Details
    • $2,200,000
      2.56 Acres

      Shadow Lake Towne Center PAD 13

      Prime Papillion development land, mixed-use.
      73 73Rd St, Papillion, NE 68046
      View Details
    • $48,000

      Residential Lots in Papillion, NE

      Non-builder lots with utilities in a desirable Papillion location.
      1015 Patricia Dr, Papillion, NE 68046
      View Details
    • $662,120
      0.76 Acres

      Prime Papillion Retail Land

      High-traffic Hwy 370 lot, 33,106 SF.
      126th Highway 370, Omaha, NE 68046
      View Details
    • Contact for pricing

      Omaha Land: Hwy 370 & 132nd

      Prime Sarpy County development land.
      0 132Nd St, Omaha, NE 68046
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      42,698 SF

      Hillside Flex: Prime Sarpy County Space

      Modern flex space, I-80 access, immediate occupancy.
      11446 Valley Ridge Dr, Papillion, NE 68046
      View Details
    • Contact for pricing
      654,666 SF

      Shadow Lake Towne Center Office Space

      Papillion, NE Executive Office Suites Available
      7775 Olson Dr, Papillion, NE 68046
      View Details
    • 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
    • $2 SF/Yr
      24,858 SF

      Shadow Lake Towne Center Pad

      Prime Sarpy County commercial land
      11707 73Rd St, Papillion, NE 68046
      View Details
    • $25 SF/Yr
      190,000 SF

      Shoppes at Lux 96 Retail Space

      Papillion, NE retail space available. Prime location, multiple tenants.
      9831 96 St, Papillion, NE 68046
      View Details
    • Contact for pricing

      Retail Space in Apartment Complex

      Retail space available within a newly built apartment complex.
      9831 South 96Th St, Omaha, NE 68046
      View Details
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    Papillion, NE 68046-5649
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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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