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    Property profile & analytics

    Papillion, NE 68046

    • Manufacturing properties
    • 12,400 SF
    OFF-MARKET
    Value Estimations
    $1,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0448770
    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

    • Manufacturing properties

    Property Details

    Year built
    2011
    Property size
    12,400 SF
    Property type
    Manufacturing properties
    APN
    11592942
    APU
    11592942

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,592,000
      Market price range: $693k - $1.59M
      AI Estimate
      $703,000
      Market price range: $284k - $730k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,115,000
      Current use
      RETAIL STORES
      $1,940,000
      Change: +74% Conversion: Moderate
      MEDICAL BUILDING
      $1,875,000
      Change: +68% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,840,000
      Change: +65% Conversion: Easy
      OFFICE BUILDING
      $1,810,000
      Change: +62% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,735,000
      Change: +56% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Papillion
    County
    Sarpy
    State
    Nebraska
    Longitude
    -96.1588
    Latitude
    41.0975
    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
    $13,055
    $0.00
    $1,216,636
    $1,216,636
    -
    $0.00
    $1,216,636
    $1,216,636

    Comparable in this City

    • Value Estimation
      $720,000
      7,200 SF

      1210 Applewood Dr

      MANUFACTURING (LIGHT) • 7,200 SF
      1210 Applewood Dr, Papillion, NE 68046-4778
      View Details
    • Value Estimation
      $1,000,000
      10,103 SF

      9220 124th St

      MANUFACTURING (LIGHT) • 10,103 SF
      9220 124th St, Papillion, NE 68046-5013
      View Details
    • Value Estimation
      $2,705,000
      82,143 SF

      11050 Cornhusker Rd

      R&D FACILITY, LABS, PHARMA • 82,143 SF
      11050 Cornhusker Rd, Papillion, NE 68046-4000
      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
    • Value Estimation by Request
      4,230 SF

      217 Jefferson St

      MULTI-TENANT INDUSTRIAL BUILDING • 4,230 SF
      217 Jefferson St, Papillion, NE 68046-2339
      View Details
    • Value Estimation by Request
      12,000 SF

      1236 Royal Dr

      MULTI-TENANT INDUSTRIAL BUILDING • 12,000 SF
      1236 Royal Dr, Papillion, NE 68046-2080
      View Details

    Similar Nearby for Sale

    • $48,000

      Residential Lots in Papillion, NE

      Non-builder lots with utilities in desirable Papillion location.
      1007 Patricia Dr, Papillion, NE 68046
      View Details
    • Contact for pricing
      1.07 Acres

      Portal Plaza South: Papillion Land

      Commercial Land, Papillion, NE. Excellent development opportunity.
      107 107Th Ave, Papillion, NE 68046
      View Details
    • $98,500
      0.46 Acres

      Residential Land in Papillion, Nebraska

      Residential land available in Papillion, Nebraska.
      9801 Overland Trl, Papillion, NE 68046
      View Details
    • $82,108

      Residential Land in Papillion, NE

      Residential land near shopping, recreation, and healthcare in Papillion, NE.
      8906 Reed St, Papillion, NE 68046
      View Details
    • $81,068

      Residential Land in Papillion, NE

      Residential land near shopping, recreation, and healthcare in Papillion, NE.
      8717 Legacy St, Papillion, NE 68046
      View Details
    • $81,068

      Residential Land Near Shadow Creek

      Residential land near shopping, recreation, and healthcare in Papillion, Nebraska.
      12405 S 89Th Ave, 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
      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

      Land for Lease

      Land available for lease in Papillion, Nebraska.
      7751 Towne Center Pkwy, Papillion, NE 68046
      View Details
    • Contact for pricing
      32,027 SF

      Midlands Two Medical Office Suites

      Papillion medical office space available.
      401 Gold Coast Rd, Papillion, NE 68046
      View Details
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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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