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    1420 24Th St Kearney, NE 68845

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    For Lease
    Contact for pricing

    Prime Retail/Office Space Near University

    Lot size:
    1,452 SF

    Property Features for 1420 24Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,452 SF

    Spaces For Lease

    at 1420 24Th St, Kearney, NE 68845 Contact us
    Unit 4

    $20 /Mo

    Size
    1,452 SF
    Contact us

    We can help!

    Listing Contact
    Johnathan Patterson
    Johnathan Patterson

    Listing Agency: DP Management, LLC Listing Agent: Johnathan Patterson

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

    Learn more

    Overview

    College Plaza offers a unique 1,452 square foot retail space, perfectly suited for multiple tenants. Located in Buffalo County, this property boasts a highly desirable location directly across the street from a university, ensuring significant foot traffic and direct exposure to a large student population. The open floor plan provides maximum flexibility for various business configurations, allowing for efficient use of space and adaptable layouts. A built-in conference/break room adds convenience and functionality, ideal for meetings or employee relaxation. The property is classified as both retail and office space, making it versatile and suitable for a range of businesses seeking a vibrant and accessible location. This presents a fantastic opportunity for businesses looking to capitalize on the high volume of students and the surrounding community. The single available space offers immediate occupancy, eliminating lengthy build-out periods and allowing for a quick start to operations. The property's strategic placement ensures high visibility and easy access, contributing to a strong potential for customer engagement and business growth. This is an exceptional opportunity to establish a presence in a thriving area with a built-in customer base. The combination of convenient amenities, prime location, and flexible space makes this property an attractive investment for businesses seeking a dynamic and successful location. Contact us today to schedule a viewing and explore the possibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    National Guard Recruiting ... Military Recruiting Office National Guard Military Base Konica Minolta Business ... Marketing & Advertising Rexius Nutrition (Bike/Boat/Book/etc) Store Herbal Wonder LLC ... Department Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kearney
    County
    Buffalo
    State
    Nebraska
    Longitude
    -99.1008744
    Latitude
    40.6989325

    Nearby Similar for Lease

    • Contact for pricing
      2,383 SF

      Retail Space in Kearney, NE

      Retail space available for lease in Kearney, Nebraska.
      3901 2Nd Ave, Kearney, NE 68847
      View Details
    • Contact for pricing
      1,823 SF

      Retail Space in Kearney, Nebraska

      Retail space available for lease in Kearney, Nebraska.
      5011 2Nd Ave, Kearney, NE 68847
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Retail/Office Space Near University
    Where is this retail property located?
    The property is located at 1420 24Th St Kearney, NE.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Retail space available, 1,452 sq. ft.; Multiple tenant retail/office building in Buffalo County.; Open floor plan with conference/break room.
    (402) 493-2800 Call to check price and availability
    Request Owner's contact information
    1420 24Th St Kearney, NE 68845
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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.

    More about this property
    1420 24Th St Kearney, NE 68845
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Johnathan Patterson
    Johnathan Patterson
    Real Estate License ID: 20240062
    (402) 493-2800 (402) 415-6113
    Learn more
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