Add Listing
    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

    3120 42nd Street Columbus, NE 68601

    View on Map
    For Sale
    $220,000

    COMMERCIAL - Columbus, NE

    Added:
    Aug 15, 2025
    Days on Market:
    232
    Last Refresh:
    Apr 3 at 4:06 pm

    Property Features for 3120 42nd Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    710159463

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1288.78

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    JACKLYN WIESE
    JACKLYN WIESE

    Listing agent JACKLYN WIESE

    Listing office BHHS AMBASSADOR REAL ESTATE 2412 23RD STREET, COLUMBUS, NE

    Listing date Aug 15, 2025

    MLS# 20250515 Listing URL

    Copyright © 2026 Columbus Board of Realtors MLS (NE). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in High-Traffic Area

    These highly visible commercial lots are located next to a convenience store with significant customer traffic. Situated in a high-traffic area of Columbus, Nebraska, the parcels are suitable for new development and are construction-ready.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Platte
    State
    Nebraska
    Longitude
    -97.380007
    Latitude
    41.44688

    Nearby Similar for Sale

    • $525,000

      Geno's Minnow Mart Real Estate

      Commercial property with highway frontage, suitable for retail or business.
      1771 33rd Avenue, Columbus, NE 68601
      View Details
    • $530,000

      Commercial Lot in Columbus, NE

      Commercial lot with high visibility near upcoming fuel center.
      4082 63rd Avenue, Columbus, NE 68601
      View Details
    • $450,000

      Established Business and Building For Sale

      Turnkey appliance and television business with real estate for sale.
      2962 33rd Avenue, Columbus, NE 68601
      View Details
    • $479,900

      High-Traffic Corner Commercial Opportunity

      Highly visible corner property on Highways 30 & 81.
      1861 33rd Avenue, Columbus, NE 68601
      View Details
    • $225,000

      Retail Space in Columbus, NE

      Retail property with ample square footage and storage.
      2513 11th Street, Columbus, NE 68601
      View Details
    • $990,000
      12,651 SF

      Office with Warehouse in Columbus

      Office with warehouse/storage space in downtown Columbus, Nebraska.
      1254 27th Avenue, Columbus, NE, 68601
      View Details
    • $200,000

      Commercial Lots in High-Traffic Area

      Commercial lots ideal for new development in Columbus, Nebraska.
      3119 42nd Street, Columbus, NE 68601
      View Details
    • $795,000

      Versatile Land with Lake Access

      Approximately 10 acres of land with lake access.
      4406 42nd Street, Columbus, NE 68601
      View Details
    • $215,000

      8.7 Acre Parcel with Improvements

      Spacious 8.7 acre parcel with sheds and well.
      15 17 1E PT SW NE of Canal, Columbus, NE 68601
      View Details
    • $269,000

      Lake Oconee Residential Lot

      Residential lot on Lake Oconee, gated community near Columbus, NE.
      91 Bayshore Drive, Columbus, NE 68601
      View Details
    • $389,205
      1 SF

      Commercial Land on Highway 30

      1.78 AC commercial land with highway visibility and access.
      922 23rd Street, Columbus, NE, 68601
      View Details
    • $599,900

      High-Traffic Office Space in Columbus

      Office space in high-traffic location with ample parking.
      2670 33RD AVENUE, COLUMBUS, NE 68601-1315
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lots ideal for new development in Columbus, Nebraska.
    Where is this commercial land located?
    The property is located at 3120 42nd Street Columbus, NE.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: High‑traffic location; Located next to a well‑trafficked convenience store; Highly visible commercial lots, **ideal for new development**
    (402) 657-9506
    We can help!
    Listing Contact
    JACKLYN WIESE
    JACKLYN WIESE
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!