Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land For Sale Title is generated by Realmo AI

    1022 23rd St, Columbus, NE 68601

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    8.77 acres of commercial land with highway frontage.

    Type:Land
    Lot size:
    8.77 Acres
    Added:
    Sep 28, 2023
    Days on Market:
    982
    Last Refresh:
    May 12 at 10:34 pm

    Property Features for 1022 23rd St

    General Information

    Standard status
    Active
    Lot size
    8.77 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Todd Lorenz

    Listing agent Todd Lorenz License #NE 20140257

    Listing office Home Real Estate

    Listing date Sep 28, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Home Real Estate

    HighLights

    • Prime commercial land with frontage to Hwy 30
    • Immediately adjacent to Wal‑mart Supercenter
    • Convenient access to 11th St. with a full median break and signalized intersection
    • Designated as General Commercial
    • Subdividing the property can be considered
    • All city infrastructure is to the property

    Overview

    This property features 8.77 acres of prime commercial land with frontage on Highway 30, immediately adjacent to a Wal-mart Supercenter. It offers convenient access to 11th Street, with a full median break and a signalized intersection at 11th Street and Highway 30. The land is designated as General Commercial. Subdividing the property can be considered. Additionally, there is an 11.93-acre multi-family property immediately adjacent to the Wal-mart Supercenter, also with convenient access to 11th Street via a full median break and signalized intersection at 11th Street and Highway 30. All city infrastructure is available to the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sipos AutoGlass Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Platte
    State
    Nebraska
    Longitude
    -97.315975
    Latitude
    41.439006

    Nearby Similar for Sale

    • $525,000

      Geno's Minnow Mart Real Estate

      Commercial property with highway frontage, suitable for retail or business.
      1771 33rd Avenue, Columbus, NE 68601
      View Details
    • $530,000

      Commercial Lot in Columbus, NE

      Commercial lot with high visibility near upcoming fuel center.
      4082 63rd Avenue, Columbus, NE 68601
      View Details
    • $450,000

      Established Business and Building For Sale

      Turnkey appliance and television business with real estate for sale.
      2962 33rd Avenue, Columbus, NE 68601
      View Details
    • $225,000

      Retail Space in Columbus, NE

      Retail property with ample square footage and storage.
      2513 11th Street, Columbus, NE 68601
      View Details
    • $319,900
      2,252 SF

      Duplex with Two 2BR Units

      Well-maintained duplex offering two-bedroom, two-bath units with main-floor laundry on each side.
      2812/2816 30th Street, Columbus, NE 68601
      View Details
    • $990,000
      12,651 SF

      Office with Warehouse in Columbus

      Office with warehouse/storage space in downtown Columbus, Nebraska.
      1254 27th Avenue, Columbus, NE, 68601
      View Details
    • $220,000

      Commercial Land in High-Traffic Area

      Commercial lots ideal for new development in Columbus, Nebraska.
      3120 42nd Street, Columbus, NE 68601
      View Details
    • $200,000

      Commercial Lots in High-Traffic Area

      Commercial lots ideal for new development in Columbus, Nebraska.
      3119 42nd Street, Columbus, NE 68601
      View Details
    • $795,000

      Versatile Land with Lake Access

      Approximately 10 acres of land with lake access.
      4406 42nd Street, Columbus, NE 68601
      View Details
    • $449,900
      832 SF

      High-Traffic Corner Commercial Opportunity

      Highly visible corner property on Highways 30 & 81.
      1861 33rd Avenue, Columbus, NE 68601
      View Details
    • $389,205
      1 SF

      Commercial Land on Highway 30

      1.78 AC commercial land with highway visibility and access.
      922 23rd Street, Columbus, NE, 68601
      View Details
    • $599,900

      High-Traffic Office Space in Columbus

      Office space in high-traffic location with ample parking.
      2670 33RD AVENUE, COLUMBUS, NE 68601-1315
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.77 acres of commercial land with highway frontage.
    Where is this commercial land located?
    The property is located at 1022 23rd St Columbus, NE.
    What is the asking price?
    The asking price for this property is $1,770,000.
    What are key features of this property?
    This property features: Prime commercial land with frontage to Hwy 30; Immediately adjacent to Wal‑mart Supercenter; Convenient access to 11th St. with a full median break and signalized intersection
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Todd Lorenz
    Real Estate License ID: NE 20140257
    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
    1022 23rd St, Columbus, NE 68601
    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!