Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Grand Island Flex Space Available Title is generated by Realmo AI

    3623 W 18th Street, Grand Island, NE

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Flex space in high-traffic area near Hwy 281.

    Type:INDUSTRIAL
    Property size:
    900 SF
    Lot size:
    1.00 Acre
    Added:
    Jan 11, 2025
    Days on Market:
    510
    Last Refresh:
    May 19 at 10:39 pm

    Property Features for 3623 W 18th Street

    General Information

    Standard status
    Active
    Size
    900 SF
    Lot size
    1.00 Acre
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 3623 W 18th Street Contact us

    We can help!

    Listing Contact
    Tim Dornbos
    Tim Dornbos

    Listing agent Tim Dornbos

    Listing office NAI FMA Realty

    Listing date Jan 11, 2025

    Source Moodyscre

    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 NAI FMA Realty

    HighLights

    • High‑traffic location ideal for business visibility.
    • Close proximity to Hwy 281, providing easy access.
    • Near major retailers: Sam's Club, Menards, Walmart, and Target.
    • Located near new residential developments, indicating growth potential.
    • Flex space suitable for various business needs.
    • Modified gross lease structure.

    Overview

    Flex space is available in a high-traffic area of Grand Island. The building is located close to Hwy 281, Sam's Club, Menards, Walmart, Target, and new residential developments. The property offers 900 square feet of space. The lease rate is a modified gross rate, with the tenant responsible for in-suite utilities, janitorial services, and phone/internet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Island
    County
    Hall
    State
    Nebraska
    Longitude
    -98.3777
    Latitude
    40.9368

    Nearby Similar for Lease

    • $17 SF/Yr
      6,712 SF

      Medical Office Space For Rent

      Medical office space available near CHI Health St. Francis.
      908 N Howard Ave, Grand Island, NE 68803
      View Details
    • $17 SF/Yr
      3,344 SF

      Medical Office Space For Rent

      Recently renovated medical office space near CHI Health St. Francis.
      908 North Howard Avenue, Grand Island, NE, 68803
      View Details
    • Contact for pricing
      17,007 SF

      Medical Office Space For Rent

      Medical office space available near CHI Health St. Francis.
      908 North Howard Avenue, Grand Island, NE 68803
      View Details
    • $10 SF/Yr
      18,540 SF

      Highway 30 Warehouse with Fenced Lot

      Grand Island warehouse with expansive fenced lot and retail space.
      3204 S Engleman Rd, Grand Island, NE
      View Details
    • Contact for pricing
      1,072 SF

      Retail Spaces in Growing Center

      Retail spaces available in Grand Island's Northwest Crossing.
      3412-3430 W State St, Grand Island, NE
      View Details
    • Contact for pricing

      Versatile Commercial Property For Lease

      Highly visible corner lot suitable for retail, medical, showroom.
      3020 W Stolley Park Rd, Grand Island, NE 68801
      View Details
    • Contact for pricing

      Corner Retail/Office Space Available

      Located on a busy intersection, build to suit opportunity.
      1915 North Webb Road, Suite 3, Grand Island, NE 68803
      View Details
    • $14 SF/Yr
      2,172 SF

      Retail Building Near I-80 Exchange

      Stand-alone retail building near I-80 with potential uses.
      7838 US 281, Grand Island, NE
      View Details
    • $14 SF/Yr

      Retail Building Near I-80 Exchange

      Stand-alone retail building near I-80, close to hotels and amenities.
      7838 US-281, Grand Island, NE 68803
      View Details
    • Contact for pricing

      Revitalized Shopping Destination in Nebraska

      Thriving retail hub anchored by national and regional retailers.
      2230 N Webb Rd, Grand Island, NE 68803
      View Details
    • $15 SF/Yr

      Grand Island Landmark Office Property

      Landmark office property with fitness center and conference facilities.
      2121 N Webb Rd, Grand Island, NE 68803
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space in high-traffic area near Hwy 281.
    Where is this flex space located?
    The property is located at 3623 W 18th Street Grand Island, NE.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: High‑traffic location ideal for business visibility.; Close proximity to Hwy 281, providing easy access.; Near major retailers: Sam's Club, Menards, Walmart, and Target.
    (402) 560-5065 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Dornbos
    Tim Dornbos
    Learn More
    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
    3623 W 18th Street, Grand Island, NE
    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!