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    313 Acres with CRP Income Title is generated by Realmo AI

    tbd ROAD 48, Kimball, NE 69145

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    For Sale
    $389,000

    Farm/Ranch - Kimball, NE

    Type:Farm
    Lot size:
    313.00 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    54
    Last Refresh:
    May 18 at 11:06 am

    Property Features for tbd ROAD 48

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Lot size
    313.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1152

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jeanine Perry

    Listing agent Jeanine Perry

    Listing office Red Diamond Realty 3001 Henderson Dr, Cheyenne, NE

    Listing date Mar 26, 2026

    MLS# 100244 Listing URL

    Copyright © 2026 Cheyenne 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.

    HighLights

    • 313 Acres with access on 3 sides (CR 48 N, CR 46 N, Highway 71)
    • 250 Acres in CRP generating annual income
    • CRP contract with varying expiration dates (2026‑2031)
    • CRP rate of $32-$33/acre
    • Windbreak trees planted on the north and west edges (approximately 9 acres)
    • Power lines run along both County Roads

    Overview

    This 313-acre property near Kimball, Nebraska, offers affordable acreage with annual income from CRP (Conservation Reserve Program). The land, accessible from three sides, is bordered by County Road 48 N to the north, County Road 46 N to the south, and Highway 71 to the west. Approximately 250 acres are enrolled in CRP with expiration dates varying between 2026 and 2031, generating a current rate of $32-$33 per acre. The northern and western edges feature windbreak trees of varied age and condition, covering about 9 acres according to county information. The terrain is gently rolling with a minor slope from north to south, supporting a good grass mix. Power lines run along both county roads. Neighboring wells to the north and southeast appear to be 300-400 feet deep. The property presents an opportunity to convert to a full farm, add animals, and settle outside of town. The property has higher than average CRP payments.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Kimball
    County
    Kimball
    State
    Nebraska
    Longitude
    -103.678
    Latitude
    41.1975

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    FAQs

    What type of property is this?
    Farm - Affordable acreage with CRP income near Kimball, Nebraska.
    Where is this farm located?
    The property is located at tbd ROAD 48 Kimball, NE.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: 313 Acres with access on 3 sides (CR 48 N, CR 46 N, Highway 71); 250 Acres in CRP generating annual income; CRP contract with varying expiration dates (2026‑2031)
    (307) 214-9227
    We can help!
    Listing Contact
    Jeanine Perry
    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.

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