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    USDA Service Centers Investment Opportunity Title is generated by Realmo AI

    110 South Main Street, Rushville, NE 69360

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    Two USDA Service Centers providing stabilized income stream from US government.

    Type:Office
    Property size:
    5,022 SF
    Price / SF:
    $276/SF
    Added:
    May 14, 2026
    Days on Market:
    21
    Last Refresh:
    May 16 at 8:48 pm

    Property Features for 110 South Main Street

    General Information

    Standard status
    Active
    Size
    5,022 SF
    Property subtype
    Office

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Geoff Ficke

    Listing agent Geoff Ficke License #TX 0593051

    Listing office Colliers - Dallas, Texas

    Listing date May 14, 2026

    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 Colliers - Dallas, Texas

    HighLights

    • Stable income stream guaranteed by the United States government with a history of lease renewals.
    • Located in the county seats of Sheridan and Cherry Counties, providing mission‑critical support to local farmers.
    • Leases extended in 2024, expiring in 2029, with renewal options and potential for rental rate increases.
    • USDA Rushville (3,300 sq ft) was built‑to‑suit in 2003 and renovated in 2015, featuring a new roof and gutters in 2019.
    • USDA Valentine (5,022 sq ft) was originally built‑to‑suit in 1979 with extensive renovations in 2012.
    • Value‑add opportunity with Lincare, Inc. (Valentine location) to negotiate a new, longer‑term lease.

    Overview

    Two U.S. Department of Agriculture (USDA) Service Centers are available for acquisition, located at 110 S Main Street, Rushville, NE and 518 West Highway 20, Valentine, NE. The USDA Rushville was built-to-suit in 2003 and renovated in 2015, with a new roof and gutters in 2019. The USDA Rushville offers 3,300 rentable square feet. The current lease was extended on December 1, 2024, and expires November 30, 2029, with an opportunity to renew the lease in 2029 and request a rental rate increase. Rushville is the county seat of Sheridan County, the fourth largest county in the state, with over 1.5 million acres of farmland. The USDA Valentine offers 5,022 rentable square feet. The current USDA lease was extended on August 1, 2024, and expires July 31, 2029. The USDA was originally built-to-suit in 1979 with extensive renovations in 2012, which included demising the building into two suites, adding the Lincare, Inc tenant. The USDA invested in new furniture for their suite in 2019. Lincare, Inc is currently on a month-to-month lease, presenting a value-add opportunity to negotiate a new longer-term lease. Lincare Inc, a medical equipment supplier, has been a long-term tenant since 2012, assisting clients with chronic illness with 24/7 support and in-home instruction and set-up, specializing in respiratory and oxygen care with a full line of durable medical equipment. Valentine is the county seat of Cherry County, the largest county for land about the size of Delaware and Rhode Island combined and has over 3 million acres of farmland. Both buildings include the Farm Service Agency, Natural Resource Conservation Service, and Rural Development, providing mission-critical support to local farmers in these agriculture communities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Building Supply Restaurant Big Box & Wholesale Store Law Firm Spa & Massage Center Department Store Hair Salon Electrical Service Grocery & Convenience Store Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rushville
    County
    Sheridan
    State
    Nebraska
    Longitude
    -102.452
    Latitude
    42.7003

    FAQs

    What type of property is this?
    Office building - Two USDA Service Centers providing stabilized income stream from US government.
    Where is this office building located?
    The property is located at 110 South Main Street Rushville, NE.
    What is the asking price?
    The asking price for this property is $1,388,000.
    What are key features of this property?
    This property features: Stable income stream guaranteed by the United States government with a history of lease renewals.; Located in the county seats of Sheridan and Cherry Counties, providing mission‑critical support to local farmers.; Leases extended in 2024, expiring in 2029, with renewal options and potential for rental rate increases.
    (847) 987-1265 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Geoff Ficke
    Real Estate License ID: TX 0593051
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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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