Building Details

Year Built 1978

Buildings 1

Stories 1

Listing Agency: Ross Realty, Inc

Listed By: Scott Ratliff · License #20010101

Source: Crexi

Added: Mar 9 Changed: Oct 1 Last Checked: Oct 12 at 6:03PM

Report an Issue

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 Ross Realty, Inc

Investment Insights

Based on property information with market context.

This retail property, comprising 1728 square feet, presents opportunities for profit centers and growth. The convenience store includes a grill and two gas dispensers.

Key Highlights

• Opportunity for profit centers and growth
• Includes a convenience store
• Features a grill with opportunities

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,142

Cap Rate

8.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$422,840 $422.8K

Cap Rate 7%

$302,029 $302.0K

Cap Rate 9%

$234,911 $234.9K

Market Conditions

NOI Build-Up for 1,728 SF

Gross rent

$31.7K $18.36/SF

− Vacancy

−$1.5K −$0.88/SF

EGI

$30.2K $17.48/SF

− OpEx

−$9.1K −$5.24/SF

NOI

$21.1K $12.24/SF

Area

Hall County, NE

Vacancy

4.80%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$422,840

Cap Rate 7%

$302,029

Cap Rate 9%

$234,911

Alternative Uses

Best Use

Specialty Retail

$323.6K

$283.2K – $377.5K (±1% cap)

NOI $22,652 @ 7.0% cap · market cap 9.25%

Second Best

Retail

$302.0K

$264.3K – $352.4K (±1% cap)

NOI $21,142 @ 7.0% cap · market cap 8.63%

Theoretical Best

Office A

$432.5K

$378.4K – $504.5K (±1% cap)

NOI $30,272 @ 7.0% cap · market cap 12.36%

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

Alda Grill & Grocery Bar & Pub

Suggested Use

Top Pick Building Supply Veterinary Clinic Restaurant Big Box & Wholesale Store Storage Facility Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 68810, NE

1,101

Population

366

Households

3

Avg Household Size

35

Median Age

12%

College-Educated

77%

High-School Grad

21.2 sq mi

ZIP Area

52

Density / Sq Mi

$53,000

Median Household Income

$24,191

Median Earnings

$955

Median Rent

$127,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Retail store with grill and gas dispensers, growth opportunities.

Where is this grocery and convenience store located?

The property is located at 106 E Front St Alda, NE.

What is the asking price?

The asking price for this property is $245,000.

What are key features of this property?

This property features: Opportunity for profit centers and growth; Includes a convenience store; Features a grill with opportunities