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    1508 S HIGHWAY 71 Kimball, NE 69145

    View on Map
    For Sale
    $650,000

    FREE STANDING - KIMBAL, NE

    Added:
    Jun 16, 2025
    Days on Market:
    290
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 1508 S HIGHWAY 71

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Other, Paved or Surfaced
    Standard status
    Active
    APN
    530010356

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    3700

    Building Details

    Floors in Building
    1
    Number of units
    40
    Flooring type
    Concrete
    Building materials
    Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    JEANINE PERRY
    JEANINE PERRY

    Listing agent JEANINE PERRY

    Listing office RED DIAMOND REALTY PO BOX 337264, Greeley, NE

    Listing date Jun 16, 2025

    MLS# 26482 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

    Profitable RV Park with Storage

    This profitable RV park in KIMBAL, NE, features 28 RV sites with 15, 30, and 50 amp full hook-ups. WIFI is available for guests. The infrastructure is relatively new, with most of it being just a couple of years old. In addition to the RV sites, there are multiple tent sites available. On-site services and a laundry facility are provided. The parking areas are gravel, complemented by lawn spaces. A 4800 square foot storage building offers multiple inside storage spaces, and there is also outside storage available for RVs and boats. All spaces are easily accessible and offer great views. Discounts are available for weekly stays. An additional 4+ acres are available for purchase with the RV park, and the neighboring fuel station is also for sale, presenting a potential package deal opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Kimball
    County
    Kimball
    State
    Nebraska
    Longitude
    -103.664513
    Latitude
    41.220844

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    FAQs

    What type of property is this?
    Mobile home & RV park - RV park with storage, laundry, and expansion potential.
    Where is this mobile home & rv park located?
    The property is located at 1508 S HIGHWAY 71 Kimball, NE.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Profitable RV park with full hook‑up sites offering 15, 30, and 50 amp service.; Recently updated infrastructure, most only a couple years old.; Multiple revenue streams from RV sites, tent sites, and inside/outside storage.
    (970) 573-2814
    We can help!
    Listing Contact
    JEANINE PERRY
    JEANINE PERRY
    Real Estate License ID: 20170451
    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.

    More about this property
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