Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1240 LOCKWOOD ROAD Gering, NE 69341

    View on Map
    For Sale
    $240,000

    WAREHOUSE - Gering, NE

    Type:Warehouse
    Added:
    Aug 8, 2025
    Days on Market:
    237
    Last Refresh:
    Apr 1 at 3:06 am

    Property Features for 1240 LOCKWOOD ROAD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Standard status
    Active
    APN
    010000221

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    378.22

    Building Details

    Floors in Building
    1
    Number of units
    2
    Flooring type
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    DONNA GARL

    Listing agent DONNA GARL

    Listing office NEBRASKA REALTY 2970 10th St. Ste. #6, Omaha, NE

    Listing date Aug 8, 2025

    MLS# 26630 Listing URL

    Copyright © 2026 Western Nebraska Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gering Warehouse with Highway Access

    Two commercial buildings, constructed in 1965 and 1980, offer storage space with highway access. The building constructed in 1965 has 1728 square feet, while the building constructed in 1980 has 2000 square feet. Situated on over half an acre, the property has undergone several upgrades. These include an upgraded overhead door on one building, a replaced entry door on the other, and a replaced 6-inch thick concrete pad in front of the south building. The owners are also painting the buildings and installing a privacy fence on the east side of the property. Electricity has been restored to the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

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

    Similar Places Nearby

    • West Plains LLC — 130829 Lockwood Rd, Gering, NE 69341
    • Checkered Flag Storage — 535 D St, Gering, NE 69341
    • D Street Storage — 305 D St, Gering, NE 69341
    • New Alliance Bean & Grain — 951 Rundell Rd, Gering, NE 69341
    • S&S Storage - M Street — 100 E M St, Gering, NE 69341

    Location Insight

    • Map
    • Local Demand
    City
    Gering
    County
    Scotts Bluff
    State
    Nebraska
    Longitude
    -103.636215
    Latitude
    41.818306

    Nearby Similar for Sale

    • $315,000
      764 SF

      Renovated Duplex with Income Potential

      Two homes on one lot, ideal for living or investment.
      1955 12TH STREET, Gering, NE 69341
      View Details
    • $459,000

      Gering Fourplex with Updated Units

      Income-producing fourplex in Gering, NE, with updated kitchens and baths.
      1425-55 SAGE ST, Gering, NE 69341
      View Details
    • $297,000

      Versatile Building with Large Elevator

      Well-maintained building with elevator, community room, and development potential.
      900 O STREET, Gering, NE 69341
      View Details
    • $215,000

      Gering Duplex with Rental History

      Duplex in Gering, NE with good rental history.
      53 CANYON DR, Gering, NE 69341
      View Details
    • $215,000

      Gering Duplex with Rental History

      Duplex in Gering, NE, with good rental history.
      54 CANYON DR, Gering, NE 69341
      View Details
    • $240,000

      Gering Duplex with Rental History

      Duplex in Gering, NE, with good rental history.
      55 CANYON DR, Gering, NE 69341
      View Details
    • $350,000
      3,654 SF

      Gering Fourplex with Alley Parking

      All-brick fourplex in Gering, NE with tenant-occupied units.
      2815 LANGLEY AVENUE, Gering, NE 69341
      View Details
    • $297,500
      3,672 SF

      Gering Mixed-Use Investment Opportunity

      Apartment building with storefronts, offering income potential in Gering, NE.
      1356 10TH STREET, Gering, NE 69341
      View Details
    • $297,500

      Gering Mixed-Use Investment Opportunity

      Remodeled residential units with vacant commercial spaces in downtown Gering.
      1356 10TH STREET, Gering, NE 69341
      View Details
    • $425,000
      10,998 SF

      Spacious Warehouse in Industrial Area

      Large warehouse with offices, storage, and ample parking.
      1150 Rundell Rd, Gering, NE 69341
      View Details
    • $375,000
      13,977 SF

      Single Tenant Dollar General Property

      Single tenant Dollar General property for sale in Gering, Nebraska.
      1645 10th St, Gering, NE
      View Details
    • $5,657,570
      330,000 SF

      Gering Industrial Property For Sale

      Industrial property in Gering, Nebraska, with strong submarket.
      220757 Hwy 92, Gering, NE
      View Details

    FAQs

    What type of property is this?
    Warehouse - Two commercial buildings on over half an acre.
    Where is this warehouse located?
    The property is located at 1240 LOCKWOOD ROAD Gering, NE.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Two commercial buildings (1728 sf and 2000 sf) on over 1/2 acre; Highway access; Recent electrical restoration
    (308) 631-1576
    We can help!
    Listing Contact
    DONNA GARL
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!