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    Nebraska Sandhills Development Opportunity Title is generated by Realmo AI

    - N Hwy 83 Thedford, Thedford, NE 69166

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    Vacant Land - Thedford, NE, NE

    Lot size:
    5.00 Acres
    Added:
    Dec 20, 2019
    Days on Market:
    2356
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for - N Hwy 83 Thedford

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    5ac tracts of land in S2 & 3-T23N-R28W
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    23

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tony Eggleston

    Listing agent Tony Eggleston

    Listing office Agri Affiliates, Inc. 401 Halligan Dr Box 116, North Platte, NE

    Listing date Dec 20, 2019

    MLS# 11154013 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

    • Eight spacious 5‑acre lots available for building a custom home, cabin, or retreat.
    • Prime location in the Nebraska Sandhills, offering scenic views and a rural lifestyle.
    • Potential for walk‑out basement construction on many lots, maximizing living space and views.
    • Convenient access to Highway 83 and nearby town of Thedford, Nebraska.
    • Close proximity to multiple top‑tier golf destinations, including Dismal River Club and GreyBull.
    • Minimal covenants, providing flexibility in building and land use.

    Overview

    Located off Highway 83 near Thedford, Nebraska, Thedford Heights presents a development opportunity in the Nebraska Sandhills. This subdivision features eight available lots, each approximately 5 acres. These spacious lots are suited for building a dream home, getaway cabin, or country retreat. Many sites offer potential for walk-out basement construction, taking advantage of the area's rolling topography and panoramic views. Thedford Heights is located minutes from local golf clubs and within easy reach of destinations like the Dismal River Club, GreyBull, and the Sand Hills Golf Club in Mullen. The Prairie Club in Valentine is also nearby. The land is fully subdivided with minimal covenants. Nearby attractions include a National Forest, Nebraska State Parks and Lakes, and hunting and fishing recreation.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Thedford
    County
    Thomas
    State
    Nebraska
    Longitude
    -100.539188
    Latitude
    41.987882

    FAQs

    What type of property is this?
    Land - 5-acre lots for dream home or retreat near golf.
    Where is this land located?
    The property is located at - N Hwy 83 Thedford Thedford, NE.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Eight spacious 5‑acre lots available for building a custom home, cabin, or retreat.; Prime location in the Nebraska Sandhills, offering scenic views and a rural lifestyle.; Potential for walk‑out basement construction on many lots, maximizing living space and views.
    (308) 534-9240
    We can help!
    Listing Contact
    Tony Eggleston
    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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