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

    1451 N Webb Road Grand Island, NE 68803

    View on Map
    For Sale
    Contact for pricing

    Commercial - Grand Island, NE

    Property size:
    3,631 SF
    Added:
    Oct 16, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 1451 N Webb Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CD
    Standard status
    Active
    APN
    400292793
    Size
    3,631 SF

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Tracy Babcock
    Tracy Babcock

    Listing agent Tracy Babcock

    Listing office Babcock Real Estate 703 W 3rd Street, Grand Island, NE

    Listing date Oct 16, 2025

    MLS# 20250719 Listing URL

    Copyright © 2026 Grand Island 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

    Grand Island Office Space Available

    This 3,631 square-foot office space is located in Grand Island, Nebraska. The property features a reception area and a large conference room. It includes four private offices and two large open areas suitable for cubicle space. There is a bathroom with two stalls, two sinks, and two showers, as well as a separate half bath. Many of the offices have sinks, making the space suitable for a medical office or other business requiring multiple water sources. The property is located in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Owens and Associates, Inc. Charitable Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Island
    County
    Hall
    State
    Nebraska
    Longitude
    -98.378228
    Latitude
    40.933446

    Nearby Similar for Sale

    • $990,000
      5,531 SF

      Medical Office Building For Sale

      Standalone medical office building on corner lot with parking.
      620 N Alpha, Grand Island, NE 68803
      View Details
    • $359,900
      2,534 SF

      Versatile Commercial Building with Income

      Mixed-use property with rental income potential in Grand Island.
      1504-12 N Eddy St, Grand Island, NE 68801
      View Details
    • $2,000
      14,480 SF

      Grand Island Office Space Available

      Three office spaces available, can be leased together or separately.
      820 N Webb Road, Grand Island, NE 68803
      View Details
    • $895,000
      18,530 SF

      Railside District Mixed-Use Building

      Revitalized downtown building with retail, office, and venue potential.
      115 E South Front St, Grand Island, NE 68801
      View Details
    • $5,490
      3,561 SF

      Professional Office Space For Sale

      Well-appointed office space with drive-through in Grand Island, NE.
      3032 W Stolley Park Road, Grand Island, NE 68803
      View Details
    • $795,000
      9,952 SF

      Grand Island Retail Opportunity

      Retail space available in Grand Island, Nebraska.
      1203 W 2nd, Grand Island, NE 68801
      View Details
    • $2,300
      4,380 SF

      Railside District Retail/Office Opportunity

      Retail or office space in Railside Business District, available 2026.
      305 W 3rd Street, Grand Island, NE 68801
      View Details
    • $450,000
      10,880 SF

      Grand Island Warehouse For Sale

      Warehouse in Grand Island, NE, with recent upgrades.
      361 N Walnut St., Grand Island, NE 68801
      View Details
    • $425,000
      1,628 SF

      Railside Commercial Condo Unit

      Commercial condo unit available in Railside, Grand Island, Nebraska.
      118 W 2nd Street, 3A, Grand Island, NE 68801
      View Details
    • $425,000
      1,480 SF

      Railside Commercial Condo Unit

      Commercial condo unit available in Railside, Grand Island, Nebraska.
      118 W 2nd Street, 2A, Grand Island, NE 68801
      View Details
    • $5,400
      9,600 SF

      Grand Island Warehouse For Sale

      9,600 sqft warehouse with ample parking and overhead door.
      3220 W Schimmer Drive, Grand Island, NE 68801
      View Details
    • $2,736
      2,986 SF

      Grand Island Professional Office Space

      Professional office space with reception, break area, and basement.
      1433 N Webb Road, Grand Island, NE 68803
      View Details

    FAQs

    What type of property is this?
    Office units - 3,631 SF office space in prime Grand Island location.
    Where is this office units located?
    The property is located at 1451 N Webb Road Grand Island, NE.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location for your business.; 3,631 sq ft of office space.; Multiple sinks in offices, ideal for medical or similar businesses.
    (308) 390-5904
    We can help!
    Listing Contact
    Tracy Babcock
    Tracy Babcock
    Real Estate License ID: 20120066
    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!