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    Turnkey Business Opportunity in Crawford Title is generated by Realmo AI

    112 McPherson St., Crawford, NE 69339

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    For Sale
    $504,800

    Commercial Business - Crawford, NE

    Property size:
    1,624 SF
    Price / SF:
    $310/SF
    Added:
    May 8, 2026
    Days on Market:
    5
    Last Refresh:
    May 12 at 2:06 am

    Property Features for 112 McPherson St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Garage
    Standard status
    Active
    Size
    1,624 SF

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Year renovated
    1970
    Architectural style
    Other

    We can help!

    Listing Contact
    Leala Jimerson

    Listing agent Leala Jimerson

    Listing office Lashley Land and Recreational Brokers 2218 E. Walker Road, North Platte, NE

    Listing date May 8, 2026

    MLS# 11741604 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.

    HighLights

    • Turnkey business opportunity: Established and profitable Cs Drive‑In restaurant and a move‑in ready house.
    • Proven business growth: Cs Drive‑In has shown growth rates exceeding industry standards.
    • Recent upgrades and repairs: Significant investments in new equipment and repairs.
    • Additional revenue potential by extending the operating season.
    • Comfortable living: 1624 sq ft house with 3 bedrooms, 2 bathrooms, and a detached garage.
    • Prime location: Community staple since 1948, located in Crawford, NE.

    Overview

    This turnkey business opportunity features a drive-in restaurant and a single-level house. The drive-in, a community staple since 1948, operates seasonally for 8 months of the year (April-October) and offers soft serve ice cream, burgers, fries, hotdogs, and broasted chicken. There is potential for additional revenue by extending the operating months. The sellers have made numerous repairs and replaced essential equipment, including a Taylor soft serve ice cream machine, exhaust hood, fire suppression system, mini split units, and a camera system throughout the restaurant and surrounding grounds. New signs, marquis letter boards, and three new deep freezes have also been added. Smaller items like food storage tubs, buckets, and utensils have been replaced over the past 18 months. Repairs include a new secondary electrical panel, updated LED lighting, a new roof on the sheltered eating area, painting of the restaurant's exterior and interior, new LED strips for signage, decal window screen tint, and resurfaced parking areas. The 1,624 square foot house includes 3 bedrooms, 2 bathrooms, a large kitchen, a separate dining area, and a family room addition with backyard access. It has a separate driveway and a detached garage and is move-in ready. The property is located in Crawford, NE, Dawes County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    C's Drive-in Restaurant

    Suggested Use

    Law Firm Restaurant Dental Office Nail Salon Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Crawford
    County
    Dawes
    State
    Nebraska
    Longitude
    -103.413914
    Latitude
    42.678037

    FAQs

    What type of property is this?
    Drive through restaurant - Profitable drive-in restaurant and move-in ready house for sale.
    Where is this drive through restaurant located?
    The property is located at 112 McPherson St. Crawford, NE.
    What is the asking price?
    The asking price for this property is $504,800.
    What are key features of this property?
    This property features: Turnkey business opportunity: Established and profitable Cs Drive‑In restaurant and a move‑in ready house.; Proven business growth: Cs Drive‑In has shown growth rates exceeding industry standards.; Recent upgrades and repairs: Significant investments in new equipment and repairs.
    (308) 532-9300
    We can help!
    Listing Contact
    Leala Jimerson
    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.

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