Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Platte Vacant Land Opportunity Title is generated by Realmo AI

    State Farm Road Long Acreage East, North Platte, NE 69101

    View on Map
    Claim this Listing
    For Sale
    $394,400

    Vacant Land - North Platte, NE

    Lot size:
    19.34 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    229
    Last Refresh:
    May 18 at 4:06 pm

    Property Features for State Farm Road Long Acreage East

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    19.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jordan Maassen

    Listing agent Jordan Maassen

    Listing office Lashley Land and Recreational Brokers 2218 E. Walker Road, North Platte, NE

    Listing date Oct 2, 2025

    MLS# 11584520 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

    • Ideal for residential or light commercial development due to frontage on W. State Farm Road in a high‑growth area.
    • Flat topography and nearby utilities simplify development.
    • County has verbally agreed to install a culvert for property access.
    • Includes a grain bin and irrigation well.
    • Actively used for hay production, providing immediate income potential.
    • Located on the southern edge of North Platte, NE.

    Overview

    This 19.34-acre property, located on the southern edge of North Platte, presents an opportunity for residential or commercial development. It features frontage along W. State Farm Road in a high-growth area. The land has a flat topography and nearby access to utilities. A grain bin and an irrigation well are located on-site; the irrigation well was last used around 2020 for corn production. The property is currently used for hay production. The county has verbally agreed to install a culvert for property access from State Farm Road. All parcels must be surveyed prior to closing, and survey costs will be shared equally between buyer and seller if needed.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    North Platte
    County
    Lincoln
    State
    Nebraska
    Longitude
    -100.80859
    Latitude
    41.087375

    Nearby Similar for Sale

    • $605,750

      Prime Commercial Land Opportunity

      23.91 acres with frontage on S. Buffalo Bill Avenue.
      Buffalo Frontage Lot, North Platte, NE 69101
      View Details
    • $2,785,000

      Prime Land Opportunity in Nebraska

      299 acres of transitional agricultural land near industrial park.
      East State Farm Road Development, North Platte, NE 69101
      View Details
    • $730,000
      1,568 SF

      North Platte Farm/Estate Opportunity

      35-acre farm/estate with updated home, barn, and roping arena.
      9807 North Twin Lakes Road, North Platte, NE 69101
      View Details
    • $1,950,000

      Prime Development Land Opportunity

      60 acres of transitional agricultural land in North Platte, Nebraska.
      East State Farm Development Parcel 1, North Platte, NE 69101
      View Details
    • $500,000

      North Platte Vacant Land Opportunity

      12.36 acre development parcel near major retail centers.
      South Tabor Parcel, North Platte, NE 69101
      View Details
    • $5,000,000

      617 Acres Development Opportunity

      Development opportunity located southwest of North Platte on Buffalo Road.
      6836 South Buffalo Road, North Platte, NE 69101
      View Details
    • $750,000

      North Platte Vacant Land with Ponds

      59.51 acres with ponds, ideal for recreation or development.
      Buffalo Bill Pond, North Platte, NE 69101
      View Details
    • $600,000

      Development Land Adjacent to Golf Course

      55.66 acres near Indian Meadows Golf Course in North Platte.
      Buffalo Bill North Grass, North Platte, NE 69101
      View Details
    • $394,200

      North Platte Vacant Land Opportunity

      19.71 acres of land ideal for development in North Platte.
      State Farm Road Long Acreage West, North Platte, NE 69101
      View Details
    • $129,500

      Prime Commercial Frontage Land

      5.18 acre commercial land with frontage on S. Buffalo Bill Ave.
      Buffalo Triangle Frontage, North Platte, NE 69101
      View Details
    • $1,145,000

      Prime Development Land Opportunity

      Shovel-ready development parcels near major retail centers in North Platte.
      Bryan Tabor Lots, North Platte, NE 69101
      View Details
    • $835,000

      Prime Development Land Opportunity

      239 acres of A-1 transitional agricultural land in North Platte.
      East State Farm Development Parcel 2, North Platte, NE 69101
      View Details

    FAQs

    What type of property is this?
    Land - 19.34 acres of land ideal for development in North Platte.
    Where is this land located?
    The property is located at State Farm Road Long Acreage East North Platte, NE.
    What is the asking price?
    The asking price for this property is $394,400.
    What are key features of this property?
    This property features: Ideal for residential or light commercial development due to frontage on W. State Farm Road in a high‑growth area.; Flat topography and nearby utilities simplify development.; County has verbally agreed to install a culvert for property access.
    (308) 532-9300
    We can help!
    Listing Contact
    Jordan Maassen
    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
    State Farm Road Long Acreage East, North Platte, NE 69101
    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!