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

    921 Vandervoort Ave Grand Island, NE 68801

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 921 Vandervoort Ave, Grand Island, NE
    For Sale
    $75,000

    LAND - Grand Island, NE

    Lot size:
    0.77 Acres
    Added:
    Dec 16, 2025
    Days on Market:
    124
    Last Refresh:
    Apr 19 at 10:06 am

    Property Features for 921 Vandervoort Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R3
    Standard status
    Active
    APN
    400146206
    Lot size
    0.77 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 47 Nikodym Third Subdivision, City of Grand Island, Hall County, Nebraska
    Tax Annual Amount
    639

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Justin Oseka

    Listing agent Justin Oseka

    Listing office Oseka Realty 3524 Farmstead Road, Grand Island, NE

    Listing date Dec 16, 2025

    MLS# 20251216 Listing URL

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

    Overview

    Grand Island Land For Sale

    This residential land is located on the east side of Grand Island, Nebraska. The 0.771-acre property, situated in Covenant Estates, is accessible from both Cherry Street and Bismark Road. It is surrounded by established neighborhoods and offers efficient access to both Highway 30 and Highway 34 via Stuhr Road. The zoning is R3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Island
    County
    Hall
    State
    Nebraska
    Longitude
    -98.3257248
    Latitude
    40.9184412

    Nearby Similar for Sale

    • $895,000
      13,706 SF

      Railside District Mixed-Use Building

      Revitalized downtown building with retail and office space.
      115 E S Front St, Grand Island, NE 68801
      View Details
    • $990,000
      5,531 SF

      Grand Island Medical Office Building

      Highly visible medical office building on a prominent corner lot.
      620 N Alpha, Grand Island, NE 68803
      View Details
    • $2,000
      14,480 SF

      Grand Island Office Space Available

      Three office spaces available, can be leased together or separately.
      820 N Webb Road, Grand Island, NE 68803
      View Details
    • $520,000
      3,380 SF

      Grand Island Commercial Corner Lot

      Highly visible corner lot suitable for various commercial uses.
      3020 W Stolley Park Rd, Grand Island, NE 68801
      View Details
    • $359,900
      2,534 SF

      Grand Island Commercial Building

      Versatile commercial building with existing rental income in place.
      1504-12 N Eddy St, Grand Island, NE 68801
      View Details
    • $5,490
      5,736 SF

      Professional Office Space For Sale

      Well-appointed office space with drive-through in Grand Island, NE.
      3032 W Stolley Park Road, Grand Island, NE 68803
      View Details
    • $2,300
      4,380 SF

      Railside District Retail/Office Space

      Main floor retail or office space in Railside District.
      305 W 3rd Street, Grand Island, NE 68801
      View Details
    • $2,750
      3,380 SF

      Grand Island Commercial Corner Lot

      Highly visible corner lot suitable for various commercial uses.
      3020 W Stolley Park Rd., Grand Island, NE 68801
      View Details
    • $425,000
      1,628 SF

      Railside Commercial Condo Unit

      Commercial condo unit available in Grand Island, Nebraska.
      118 W 2nd Street, 3A, Grand Island, NE 68801
      View Details
    • $550,980

      Grand Island Vacant Land Opportunity

      27.55 acres ideal for logistics, warehousing, or mixed-use development.
      0 S. Shady Bend Road, Grand Island, NE 68801
      View Details
    • $425,000
      1,480 SF

      Railside Commercial Condo Unit

      Commercial condo unit available in Grand Island, Nebraska.
      118 W 2nd Street, 2A, Grand Island, NE 68801
      View Details
    • $2,736
      3,195 SF

      Grand Island Professional Office Space

      Professional office space with reception, break area, and basement.
      1433 N Webb Road, Grand Island, NE 68803
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in established Grand Island neighborhood with highway access.
    Where is this residential land & home lot located?
    The property is located at 921 Vandervoort Ave Grand Island, NE.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Accessible from both Cherry Street and Bismark Rd.; Efficient access to HWY 30 and HWY 34 via Stuhr Rd.; Located on the east side of Grand Island.
    (308) 390-2755
    We can help!
    Listing Contact
    Justin Oseka
    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!