Finished Office Building with Fenced
For Sale
$390,000
1025 E Airport Rd, Grand Island, NE 68801
Zoned M2, this 900 SF office includes reception, conference, two private offices, and a fenced gated yard on 13+ acres.
Property Size900 SF
Lot Size13.00 Acres
Price / SF$433.33
Days on Market346
Property Features for 1025 E Airport Rd
General Information
Standard status
Active
Size
900 SF
Lot size
13.00 Acres
Property subtype
Land
Zoning
M2
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$1,818
Listing Agency:
Babcock Real Estate
Listed By:
Tracy Babcock · License #20120066
(308) 390-5904
Source:
Exprealty
Added: Nov 7, 2025
Changed: Oct 4
Last Checked: Oct 19 at 8:23AM
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 Babcock Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale property includes a nicely finished 900 SF office building with an open reception and conference area, two private offices, and an ADA half bath. The private offices measure 11'1 x 11'1, and the conference and reception areas measure 17'5 x 12 and 16'8 x 12'3, respectively. An HVAC system installed within the past year is also noted.
The property totals 13+ acres and was recently subdivided into three parcels. The west portion of the site, approximately 9 acres, is fenced and includes an electronic gate for entry.
Zoned M2, the property is described as having flexibility to suit a range of commercial needs.
The property totals 13+ acres and was recently subdivided into three parcels. The west portion of the site, approximately 9 acres, is fenced and includes an electronic gate for entry.
Zoned M2, the property is described as having flexibility to suit a range of commercial needs.
Key Highlights
- 13+ acres with a 900 SF office building zoned M2 for a wide range of commercial needs
- Office layout includes reception (16'8 x 12'3), conference (17'5 x 12'), and two private offices (both 11'1 x 11'1)
- Includes an ADA 1/2 bath plus open reception and conference area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,810
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,200
$236.2K
Cap Rate 7%
$168,714
$168.7K
Cap Rate 9%
$131,222
$131.2K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$17.2K $19.08/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$15.7K $17.50/SF
− OpEx
−$3.9K −$4.37/SF
NOI
$11.8K $13.12/SF
Area
Hall County, NE
Vacancy
8.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,200
Cap Rate 7%
$168,714
Cap Rate 9%
$131,222
Alternative Uses
Best Use
Office B
$168.7K
$147.6K – $196.8K
NOI $11,810 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$225.2K
$197.1K – $262.8K
NOI $15,767 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 68801, NE
30,440
Population
11,684
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
90.0 sq mi
ZIP Area
338
Density / Sq Mi
$63,214
Median Household Income
$37,995
Median Earnings
$931
Median Rent
$186,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Zoned M2, this 900 SF office includes reception, conference, two private offices, and a fenced gated yard on 13+ acres.
Where is this office building located?
The property is located at 1025 E Airport Rd Grand Island, NE.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 13+ acres with a 900 SF office building zoned M2 for a wide range of commercial needs; Office layout includes reception (16'8 x 12'3), conference (17'5 x 12'), and two private offices (both 11'1 x 11'1); Includes an ADA 1/2 bath plus open reception and conference area
