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    000 North Nest Rd Fullerton, NE 68638

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    Claim this Listing
    For Sale
    $499,000

    Vacant Land - Fullerton, NE

    Lot size:
    77.30 Acres
    Added:
    Sep 2, 2025
    Days on Market:
    240
    Last Refresh:
    Apr 29 at 6:06 pm

    Property Features for 000 North Nest Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    0300070.00
    Lot size
    77.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Adam Spitz

    Listing agent Adam Spitz

    Listing office American Legacy Land Company 17117 Burt St., Omaha, NE

    Listing date Sep 2, 2025

    MLS# 11575349 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Nebraska Land with Hunting Potential

    This 77.30± acre farm in Nance County, Nebraska, offers a blend of income production and outdoor recreation. Located 15 minutes from Fullerton and 45 minutes from Columbus, the property is accessible via a county road on the southwest corner. The farm includes approximately 30± acres of tillable ground, historically used for alfalfa and recently transitioned to corn. The seller is open to leasing back the tillable acres after the sale. The remaining acres consist of bur oak and cedar timber, featuring wooded draws and north- and south-facing hillsides that provide habitat for wildlife. A newly constructed pond within the timber offers a year-round water source for wildlife. The property includes an oversized trail system, two newly established 1/4 acre food plots on the north side, and a new Hawk enclosed blind overlooking the food plots. The property is located in an area known for whitetails and turkey. Electric utilities are located at the property entrance. This farm combines row crop income, wildlife habitat, improvements, and access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fullerton
    County
    Nance
    State
    Nebraska
    Longitude
    -98.1218
    Latitude
    41.3889

    Nearby Similar for Sale

    • $825,000

      Productive Farm with Irrigation

      Pivot and gravity-irrigated land with Loup River water access.
      S 585th street, Fullerton, NE 68638
      View Details
    • $825,000

      Irrigated Farmland with Grazing Potential

      Productive farm with irrigated land and fenced pasture.
      58852 S 220 th Ave, Fullerton, NE 68638
      View Details

    FAQs

    What type of property is this?
    Hunting land - 77.30 acre farm with income potential and recreational opportunities.
    Where is this hunting land located?
    The property is located at 000 North Nest Rd Fullerton, NE.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Income‑producing potential with approximately 30± acres of tillable ground and seller open to leasing back the tillable acres.; **Excellent hunting property** with quality whitetails and turkey, enhanced by food plots, trail system, and a Hawk enclosed blind.; 77.30± acre farm featuring a mix of tillable land, timber, and a newly constructed pond, creating diverse wildlife habitat.
    (308) 991-9544
    We can help!
    Listing Contact
    Adam Spitz
    Learn More
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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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