Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    908 North Howard Ave Grand Island, NE 68803

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $17 SF/Yr ($4,737 /Mo)

    Medical office space near CHI Health St. Francis with ample parking.

    Property size:
    3,344 SF
    Lot size:
    3,344 SF

    Property Features for 908 North Howard Ave

    General Information

    Standard status
    Active
    Size
    3,344 SF

    We can help!

    Listing Contact
    Austin Obermeyer
    Source: Cbre

    Listing Agent: Austin Obermeyer

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

    Learn more

    Overview

    Medical Office Space For Rent

    This 3,344 square foot medical office space is available for rent. The property is located next to CHI Health St. Francis and offers ample parking. The space features natural light throughout, a large break room, and a reception area. The property has been recently renovated and refinished. Other tenants within the building include CHI Health Clinic Neurology, Anderson Dental Care, and Prairie Winds Healing. The property is located in close proximity to many other medical facilities.
    Location Intelligence

    Current Use by Public Records

    Anderson Dental Care Dentist CHI Health Clinic ... Medical Clinic Stephen D. Cain ... Dentist Rockwell Jan Counselor Lauren P. Klein, ... Registered General Nurse

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Similar Places Nearby

    Pet Hospital, Grand Island Veterinary Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Grand Island
    County
    Hall
    State
    Nebraska
    Longitude
    -98.369835
    Latitude
    40.927014

    Nearby Similar for Lease

    • 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 68803
      View Details
    • Contact for pricing
      130,960 SF

      Northwest Commons Retail Space

      Grand Island Retail Center: Multiple Suites Available
      2230 Webb Rd, Grand Island, NE 68803
      View Details
    • $17 SF/Yr
      40,000 SF

      Medical Office Space for Lease

      Prime Medical Office, Ample Parking
      908 Howard Ave, Grand Island, NE 68803
      View Details
    • $17 SF/Yr
      13,816 SF

      Prime Hall County Office Suite

      1225 SF Office, All Utilities Included
      2550 Diers Ave, Grand Island, NE 68803
      View Details
    • $15 SF/Yr
      34,815 SF

      Grand Island Office Space Available

      1,254 sq ft Medical/Creative Office
      2121 Webb Rd, 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 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
    • $799,999
      3,672 SF

      Retail/Medical Space on Busy Corner

      White box shell ready for custom medical or retail buildout.
      1915 N Webb Rd, Grand Island, NE 68803
      View Details
    • $1,500 /Mo
      900 SF

      Grand Island Flex Space Available

      Flex space in high-traffic area near Hwy 281.
      3623 W 18Th St, Grand Island, NE 68803
      View Details
    • $14 SF/Yr
      2,172 SF

      I-80 Grand Island Retail Space

      Prime Retail Location, High Visibility
      7838 Us Highway 281, Grand Island, NE 68803
      View Details

    FAQs

    What type of property is this?
    Medical office - Medical office space near CHI Health St. Francis with ample parking.
    Where is this medical office located?
    The property is located at 908 North Howard Ave Grand Island, NE.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime location directly next to CHI Health St. Francis; - Ample parking available; - Recent renovation & refinish
    (402) 697-5817
    Request Owner's contact information
    908 North Howard Ave Grand Island, NE 68803
    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.
    908 North Howard Ave
    Grand Island, NE 68803
    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
    908 North Howard Ave Grand Island, NE 68803
    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

    We can help!
    Listing Contact
    Austin Obermeyer
    (402) 697-5817
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.