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    The Largest CRE Database in the US with Over 1 Million Listings

    1645 Highway 71 S Kimball, NE 69145

    Sponsored
    For Sale
    $449,500

    Farm/Estate - Kimb, NE

    Type:Farm
    Property size:
    1,556 SF
    Lot size:
    10.01 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 20 at 6:06 am

    Property Features for 1645 Highway 71 S

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    300
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    5
    Bathrooms
    2
    Parking features
    Garage
    Interior features
    Walk-in Closet
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    1,556 SF
    Lot size
    10.01 Acres

    Utilities

    Heating system
    Baseboard, Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Year renovated
    1910
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Stone
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Coy Fisher

    Whitetail Properties Real Estate, LLC (724) 237-6308

    Listing agent Coy Fisher (217) 285-9000

    Listing date Feb 17, 2026

    MLS# 11656227 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

    Farm/Estate with Historic Charm

    Welcome to Meyer's Country Homestead, built upon an overlooking hill providing a 360-degree perspective of Kimball County. The current owners have modernized this homestead, bringing every brick, stone, and board back to life. The property includes multiple dwellings, including a 1,556 sq ft main home. The restored hand-poured block home, originally built in 1910 and deeded in 1913, features vintage finishes throughout, along with long leaf pine wood floors. The two-story home has 5 bedrooms and 2 bathrooms. It includes new windows, a metal roof, a 9x9 addition mud room with washer/dryer hookups, updated modern bathrooms with an original claw foot bathtub, AC central air, and good electric/plumbing. The kitchen includes a refrigerator, stove, dishwasher, and microwave. There is an unfinished basement with an exterior entrance. The centerpiece of the property is the original 3016 sq ft horse and hay barn with elevated high beam ceilings. Exterior corrals are suitable for equestrian or 4H operations. The property also features the original wood water house and windmill, a built-in coal-forged blacksmith shop, a detached shop, corrals, a chicken barn/coop, a garden, RV hookups, a stone patio, and country views. The property sits on 10.01 acres and is located in Kimb, NE.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Kimball
    County
    Kimball
    State
    Nebraska
    Longitude
    -103.659014
    Latitude
    41.11196

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    FAQs

    What type of property is this?
    Horse & equestrian property - Modernized homestead with vintage finishes and multiple dwellings.
    Where is this horse & equestrian property located?
    The property is located at 1645 Highway 71 S Kimball, NE.
    What is the asking price?
    The asking price for this property is $449,500.
    What are key features of this property?
    This property features: - Restored 1910 homestead with vintage finishes, long leaf pine floors, and modern updates.; - Multiple dwellings including a 1,556 sq ft main home and restored hand-poured block home.; - Original 3,016 sq ft horse and hay barn with elevated high beam ceilings.
    (307) 630-1318
    Request Owner's contact information
    1645 Highway 71 S Kimball, NE 69145
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    Kimball, NE 69145
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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
    1645 Highway 71 S Kimball, NE 69145
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    We can help!
    Listing Contact
    Coy Fisher
    (307) 630-1318 (217) 285-9000
    Learn more
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