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    150 W Kemp Dr Tryon, NE 69167

    Sponsored
    For Sale
    $600,000

    Farm/Estate - Tryon, NE

    Type:Farm
    Property size:
    2,719 SF
    Lot size:
    160.00 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 18 at 10:06 am

    Property Features for 150 W Kemp Dr

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    Parking features
    Garage
    Size
    2,719 SF
    Lot size
    160.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jon Farley

    Lashley Land and Recreational Brokers (308) 532-9300

    Listing agent Jon Farley (308) 532-9300

    Listing date Jan 15, 2026

    MLS# 11631274 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

    Property Insight Report

    Overview

    Sandhills Ranch and Recreation

    This 160-acre property, located in the Nebraska Sandhills, offers a farmstead with outbuildings and a wood barn with corrals. The residence spans 2,719 square feet and features 4 bedrooms and 2 bathrooms, with the master bedroom situated on the main floor. The interior includes a large open kitchen and a spacious living room. The exterior yard is equipped with underground sprinklers. Additional structures include a 30x36 detached 2-stall garage with a cement floor and a 40x72 metal shop with a cement floor. The property's well provides water to the home and a stock tank near the barn and corrals. This location is suitable for cattle grazing and offers opportunities for mule deer hunting. It could serve as a base camp for an outfitter or support a small cattle operation. The property is approximately one hour from Dismal River Golf Club and 30 minutes from Sandhills Golf Club. The nearest airport is in North Platte, approximately 45 miles away, offering daily United Airlines flights. North Platte also provides major city amenities such as fast food restaurants, shopping, and a hospital. Mullen, located about a 30-minute drive away, offers a grocery store and a rural health clinic. The property is situated in McPherson County, Tryon, NE 69167.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Tryon
    County
    McPherson
    State
    Nebraska
    Longitude
    -100.982066
    Latitude
    41.678039

    FAQs

    What type of property is this?
    Ranch - Nebraska Sandhills property with farmstead and outbuildings.
    Where is this ranch located?
    The property is located at 150 W Kemp Dr Tryon, NE.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - located in the heart of the nebraska sandhills, offering excellent cattle grazing and top-notch mule deer hunting opportunities.; - beautiful farmstead with a 2,719 sqft home featuring 4 bedrooms (master on main floor), 2 bathrooms, a large open kitchen, and spacious living room.; - extensive outbuildings including a 30x36 detached 2-stall garage with cement floor, a 40x72 metal shop with cement floor, and a wood barn with corrals.
    (308) 532-9300
    Request Owner's contact information
    150 W Kemp Dr Tryon, NE 69167
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    Tryon, NE 69167
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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
    150 W Kemp Dr Tryon, NE 69167
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    We can help!
    Listing Contact
    Jon Farley
    (308) 532-9300
    Learn more
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