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    223 S Main Street Valentine, NE 69201

    View on Map
    For Sale
    $298,000

    Commercial Building - Valentine, NE

    Property size:
    810 SF
    Lot size:
    0.42 Acres
    Added:
    Sep 4, 2025
    Days on Market:
    215
    Last Refresh:
    Apr 6 at 1:06 pm

    Property Features for 223 S Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Garage
    Standard status
    Active
    Size
    810 SF
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Annual Amount
    571

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1960
    Year renovated
    1960
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Kay Lynn Collins

    Listing agent Kay Lynn Collins

    Listing office Stracke Land & Realty PO Box 4, Stuart, NE

    Listing date Sep 4, 2025

    MLS# 11569571 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.

    Overview

    Turn-Key Commercial Property on Main

    This updated commercial property is a turn-key business opportunity. The building has been restored and brought up to code, featuring a new heating and cooling system, re-sheeted and re-shingled roof, new fencing, newer POS system, fresh paint, new window tinting, a new equipment door, and a new sign holder. The business comes complete with new equipment, including 2 smokers, a three-door cooler, a 500 lb capacity ice machine, a chicken broaster, 2 warming cabinets, a two-door cooler, a one-door cooler, a make table, a steam table, 5 stainless steel tables, a meat grinder, and 4 insta pots. Also included are all of the dry goods currently in stock, tables and chairs, the paging system and speakers, the POS system, and miscellaneous pots, pans, dishes, and paper products. The sellers will also provide their recipes. The name and reviews can be transferred to the new owners. The property is located on Main Street with visibility from highway 20. The lot size is 0.42 acres and the property size is 810 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bulldogger's BBQ Restaurant Car Care Care ... Car Wash

    Map

    City
    Valentine
    County
    Cherry
    State
    Nebraska
    Longitude
    -100.55101
    Latitude
    42.869036

    Nearby Similar for Sale

    • $525,000
      9,450 SF

      Valentine Multi-Unit Investment Opportunity

      18-unit apartment building with value-add potential in Valentine, NE.
      114 N Main Street, Valentine, NE 69201
      View Details
    • $395,000

      Versatile Building on 8.94 Acres

      6,000 sq ft building suitable for residential or business.
      39748 Meadow Lake Road, Valentine, NE 69201
      View Details
    • $475,000
      3,750 SF

      Retail Building with Floral Coolers

      Retail property featuring floral coolers and delivery van.
      234 N Main St, Valentine, NE
      View Details

    FAQs

    What type of property is this?
    Restaurant - Updated commercial building with equipment included on Main Street.
    Where is this restaurant located?
    The property is located at 223 S Main Street Valentine, NE.
    What is the asking price?
    The asking price for this property is $298,000.
    What are key features of this property?
    This property features: Turn‑key commercial property with all equipment included such as smokers, coolers, ice machine, POS system, etc.; Fully updated and restored building, brought up to code with new HVAC, roof, and more.; Perfect Main Street location with **high visibility from Highway 20**.
    (308) 380-6803
    We can help!
    Listing Contact
    Kay Lynn Collins
    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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