Sign Up Successful!
You now have access to more from Realmo!
    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

    3020 Southern Hills Dr Blair, NE 68008

    Sponsored
    For Sale
    $65,000

    Residential - Blair, NE

    Days on Market:
    292
    Last Refresh:
    Feb 2 at 1:06 pm

    Property Features for 3020 Southern Hills Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    89008838

    Taxes and HOA fees

    Expense value
    215
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kristy Bruck

    Nebraska Realty (402) 491-0100

    Listing agent Kristy Bruck (402) 491-0100 License #20040823

    Listing date Apr 17, 2025

    MLS# 22510011 Listing URL

    Copyright © 2026 Great Plains Regional 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

    Residential Land in Blair, Nebraska

    This residential land is located in Blair, Nebraska, offering the opportunity to build a custom home. The property features views and rolling hills. It is situated within the community of Blair and allows for a walkout style home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Blair
    County
    Washington
    State
    Nebraska
    Longitude
    -96.159
    Latitude
    41.512168

    Nearby Similar for Sale

    • $145,000

      Blair Duplex with Detached Garage

      Vacant duplex in Blair with update potential and detached garage.
      1616 Grant St, Blair, NE 68008
      View Details
    • $199,000

      Blair Duplex Investment Opportunity

      Duplex in Blair, ideal for seasoned or new investors.
      1713 Lincoln St, Blair, NE 68008
      View Details
    • $199,000

      Cash Flowing Duplex in Blair

      Fully occupied duplex, ideal for new or seasoned investors.
      2123 Washington St, Blair, NE 68008
      View Details
    • $199,000

      Blair Duplex: Investment Opportunity

      Cash-flowing duplex in Blair, perfect for investment portfolio expansion.
      215 S 17Th St, Blair, NE 68008
      View Details
    • Contact for pricing
      30,000 SF

      Single-Tenant Cargill Office Building

      Single-tenant office building occupied by Cargill with long-term lease.
      1705 Kellie Dr, Blair, NE
      View Details
    • $1,750,000
      7,608 SF

      New Industrial Building in Blair

      New industrial building ideal for warehousing, manufacturing, or service operations.
      1145 S 10Th St, Blair, NE 68008
      View Details
    • $795,000
      6,000 SF

      Flex Warehouse in Blair, NE

      Flex warehouse with outside storage in Blair's Central Business District.
      1160 Lincoln St, Blair, NE 68008
      View Details
    • $649,900
      2 SF

      Retail/Office Building with Mezzanine

      Retail or office building featuring a mezzanine level.
      554 S 13Th St, Blair, NE 68008
      View Details
    • $661,500
      3,785 SF

      High Visibility Corner Lot

      Corner lot in Blair, Nebraska, with high traffic exposure.
      1865 Washington St, Blair, NE 68008
      View Details
    • $260,000

      Blair, NE 5-Plex Investment

      High-yield multifamily property; excellent ROI.
      1927 Colfax St, Blair, NE 68008
      View Details
    • $1,595,000
      27,068 SF

      138 N 16th Street

      Distribution properties • 27,068 SF
      138 16Th St, Blair, NE 68008
      View Details

    FAQs

    What type of property is this?
    Land - Land available for building a dream home with walkout potential.
    Where is this land located?
    The property is located at 3020 Southern Hills Dr Blair, NE.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - Unbelievable views; - Beautiful rolling hills; - Build your dream home on this amazing lot
    (402) 301-4880
    Request Owner's contact information
    3020 Southern Hills Dr Blair, NE 68008
    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.
    3020 Southern Hills Dr
    Blair, NE 68008
    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
    3020 Southern Hills Dr Blair, NE 68008
    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

    We can help!
    Listing Contact
    Kristy Bruck
    Real Estate License ID: 20040823
    (402) 301-4880
    Learn more
    Google sign-in failed. Please try again or use another login method.