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    13421 Rd, Unit 117a Alliance, NE 69301

    Sponsored
    For Sale
    $5,995,000

    Farm/Estate, Other - Alliance, NE

    Type:Farm
    Property size:
    2,134 SF
    Lot size:
    4,043.18 Acres
    Days on Market:
    198
    Last Refresh:
    Jan 22 at 6:06 pm

    Property Features for 13421 Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    1
    Parking features
    Garage
    Fireplace
    1
    Appliances
    Dryer, Refrigerator
    Size
    2,134 SF
    Lot size
    4,043.18 Acres

    Utilities

    Heating system
    Fireplace(s), Propane (Heating), Wood (Heating), Wood Stove

    Building Details

    Year built
    1920
    Year renovated
    1920
    Floors in Building
    2
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Garrett

    #1 Properties Ranch and Recreation (307) 236-8299

    Listing agent Jeff Garrett (307) 236-8299

    Listing date Jul 9, 2025

    MLS# 11532772 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.

    Learn more

    Overview

    Nebraska Sandhills Ranching Investment Opportunity

    Sandersfeld Ranch, located 11 miles south of Alliance, Nebraska, presents a premier year-round cattle operation in the Sandhills. This 4,043.18±-acre property in Box Butte and Morrill Counties combines historical charm with modern efficiency. The ranch supports approximately 200± cow/calf pairs annually and features pivot-irrigated hay fields, native pastures, livestock facilities, and a robust infrastructure. The property includes two center pivots (one TL and one Zimmatic) irrigating approximately 247 acres, suitable for hay production or intensive summer grazing. The remaining 3,796± acres consist of native pasture with warm- and cool-season grasses. Key improvements include a hip-roof barn, a 2,700 sq. ft. Cleary building for equipment or vehicle storage, a 30' x 30' metal-framed shop, and several original outbuildings. The ranch headquarters is a 1920-built residence. Livestock handling is streamlined with an Arrowquip squeeze chute, Scott Manufacturing alley, and continuous fence corrals. The 247± pivot-irrigated acres can be used for hay production, with historic yields averaging 4-5 tons per acre, or summer grazing to increase carrying capacity. The ranch sits on top of the Ogallala Aquifer, providing a reliable water source for irrigation. The property offers operational flexibility for ranchers and revenue potential for investors.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Alliance
    County
    Box Butte
    State
    Nebraska
    Longitude
    -102.898574
    Latitude
    41.965827

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    FAQs

    What type of property is this?
    Ranch - Premier ranch with pivot irrigation and robust infrastructure in Nebraska.
    Where is this ranch located?
    The property is located at 13421 Rd, Unit 117a Alliance, NE.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: - 4,043± acre ranch in Nebraska's Sandhills, supporting approximately 200 cow/calf pairs annually.; - Located directly on top of the Ogallala Aquifer, providing reliable and sustainable water.; - Features **247± acres of pivot-irrigated land** suitable for hay production.
    (308) 672-6334
    Request Owner's contact information
    13421 Rd, Unit 117a Alliance, NE 69301
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    Alliance, NE 69301
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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
    13421 Rd, Unit 117a Alliance, NE 69301
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    Listing Contact
    Jeff Garrett
    (308) 672-6334
    Learn more
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