Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Land Near Calamus Reservoir Title is generated by Realmo AI

    45741 West Dunes Rd, Burwell, NE 68823

    View on Map
    Claim this Listing
    For Sale
    $80,000

    Vacant Land - Burwell, NE

    Lot size:
    11.46 Acres
    Added:
    Feb 18, 2025
    Days on Market:
    454
    Last Refresh:
    May 18 at 4:06 pm

    Property Features for 45741 West Dunes Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Standard status
    Active
    Lot size
    11.46 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lindsy Roberts

    Listing agent Lindsy Roberts

    Listing office Gumb Auction & Realty, Inc 184 Grand Ave., PO Box 24, Burwell, NE

    Listing date Feb 18, 2025

    MLS# 11439581 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.

    HighLights

    • Minutes from Calamus Reservoir beaches.
    • Electric service available at or near property edge.
    • Rocked road access within Dave's Dunes 1st Subdivision.
    • Proximity to Nunda Shoals Boat Ramp & Campground.
    • Access to outdoor activities: golfing, hunting, fishing, and boating.
    • Scenic drive to Burwell amenities.

    Overview

    This 11.46-acre vacant land is located in Dave's Dunes Subdivision, just minutes from the sandy beaches of Calamus Reservoir and two miles northwest of Nunda Shoals Boat Ramp & Campground. The property has electric service (Custer Public Power District) at or near the property edge. A rocked road has been established for Dave's Dunes 1st Subdivision. The location provides convenient access to the amenities of Burwell, while the surrounding area offers opportunities for outdoor activities such as golfing, hunting, fishing, and boating. All of Dave's Dunes Subdivisions are subject to restrictive covenants; a copy of these covenants is available on the website.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Auto Repair Shop Building Supply Big Box & Wholesale Store Hair Salon Dental Office Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Burwell
    County
    Garfield
    State
    Nebraska
    Longitude
    -98.9816
    Latitude
    41.9224

    Nearby Similar for Sale

    • $115,000

      Calamus Reservoir Vacant Land Opportunity

      Exclusive 5.02-acre homesite with panoramic lake views and recreational access.
      0000 Audubon Lane, Burwell, NE 68823
      View Details
    • $178,000

      Improved Land with Lake Views

      Vacant land with utilities, lake views, ready for development.
      45745 Trails End Road, Burwell, NE 68823
      View Details
    • $75,000

      Burwell Vacant Land Near Calamus

      0.8-acre lot near Calamus Reservoir with utilities in place.
      TBD Calamus Drive, Burwell, NE 68823
      View Details
    • $55,000

      Burwell, NE Buildable Vacant Land

      A .52 acre buildable lot in Burwell, Nebraska.
      82815 East Calamus Drive, Burwell, NE 68823
      View Details
    • $89,000

      Vacant Land Near Calamus Reservoir

      Land near Calamus Reservoir, close to amenities and outdoor activities.
      Lot 5 Dave's Dunes, BURWELL, NE 68823
      View Details
    • $360,000
      2,306 SF

      Rebuilt Convenience Store Near Calamus Reservoir

      Fully rebuilt convenience store with hook-up sites near Calamus Reservoir.
      220 N 13th Ave, Burwell, NE 68823
      View Details
    • $72,000

      Land Near Calamus Reservoir

      Vacant land near Calamus Reservoir, suitable for recreation.
      Lot 6 Dave's Dunes 2nd, Burwell, NE 68823
      View Details
    • $76,500

      Vacant Land Near Calamus Reservoir

      Land near Calamus Reservoir, close to amenities in Burwell.
      Lot 1 Dave's Dunes 3rd, Burwell, NE 68823
      View Details
    • $98,000

      Vacant Land Near Calamus Reservoir

      Land near Calamus Reservoir, suitable for outdoor activities.
      Lot 2 Dave's Dunes 2nd, BURWELL, NE 68823
      View Details
    • $76,500

      Land Near Calamus Reservoir

      Vacant land near Calamus Reservoir, close to amenities.
      Lot 2 Dave's Dunes 3rd, Burwell, NE 68823
      View Details
    • $68,000

      Land Near Calamus Reservoir

      Vacant land near Calamus Reservoir, ideal for outdoor activities.
      Lot 5 Dave's Dunes 3rd, Burwell, NE 68823
      View Details
    • $72,000

      Vacant Land Near Calamus Reservoir

      7.09 acre lot near Calamus Reservoir, Burwell, NE.
      Lot 4 Dave's Dunes 3rd, Burwell, NE 68823
      View Details

    FAQs

    What type of property is this?
    Land - Land near Calamus Reservoir, suitable for outdoor activities and recreation.
    Where is this land located?
    The property is located at 45741 West Dunes Rd Burwell, NE.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: Minutes from Calamus Reservoir beaches.; Electric service available at or near property edge.; Rocked road access within Dave's Dunes 1st Subdivision.
    (308) 346-5034
    We can help!
    Listing Contact
    Lindsy Roberts
    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

    Thank You for Inquiry
    45741 West Dunes Rd, Burwell, NE 68823
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!