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    1015 Magnet Dr Norfolk, NE 68701

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    For Sale
    $3,650,000

    Land parcel with completed grading and utility services available.

    Lot size:
    105.96 Acres

    Property Features for 1015 Magnet Dr

    General Information

    Lot size
    105.96 Acres

    Source: Greenleaf Commercial Real Estate Agent Brett Harris, CCIM

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

    Overview

    Development Ready Land Parcel

    This land parcel has undergone extensive grading work in preparation for development. Gas service is available through Black Hills Energy, and electrical service is provided by NPPD. Water and sewer services are available through the City of Norfolk. The property includes a rail siding served by Nebraska Central Railroad. It offers convenient access to Hwy 81 and Hwy 275. The site is eligible for TIF financing and is located approximately 6 miles from Norfolk Regional Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Building Supply Wholesale Shop Gym & Fitness Bar & Pub Electrical Service Cafe & Coffee Shop Daycare Center Nursing Home Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Madison
    State
    Nebraska
    Longitude
    -97.3925334
    Latitude
    42.0592397

    Nearby Similar for Sale

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    • Contact for pricing
      228,882 SF

      Norfolk Industrial Property - 228,882 SF

      Prime Nebraska industrial space; flexible lease terms.
      1600 Pine Industrial Rd, Norfolk, NE 68701
      View Details

    FAQs

    What type of property is this?
    Land - Land parcel with completed grading and utility services available.
    Where is this land located?
    The property is located at 1015 Magnet Dr Norfolk, NE.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: - Eligible for TIF financing; - Rail siding served by Nebraska Central Railroad; - Easy access to Hwy 81 & Hwy 275
    (402) 429-3114
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    1015 Magnet Dr Norfolk, NE 68701
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    Norfolk, NE 68701
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    Realmo Value Estimation

    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.

    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.

    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
    1015 Magnet Dr Norfolk, NE 68701
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