Turnkey Retail Storefront
For Sale
$295,000
14 E 16th Street, Scottsbluff, NE 69361
Turnkey retail storefront in a well-maintained building, with inventory included and owner guidance for a smooth transition.
Property Size2,058 SF
Price / SF$143.34
Days on Market84
Property Features for 14 E 16th Street
General Information
Standard status
Active
Size
2,058 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$802
Listing Agency:
NEBRASKA REALTY
(308) 763-1305
Listed By:
FORREST HICKMAN · License #20170323
(308) 763-1305
Source:
Exprealty
Added: Jun 1
Changed: Aug 23
Last Checked: Aug 22 at 6:03AM
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 NEBRASKA REALTY
Investment Insights
Based on property information with market context.
This well-established turnkey retail storefront business has been operating in the Scottsbluff area since 1947. The business has been at its current location in the extremely well maintained building since 1990, and all inventory will go with the building. Current owners will advise new owners to support a successful transition.
The sale is positioned as a hands-on, ready-to-operate opportunity with continuity at the same location. The property itself is described as well maintained and supports ongoing retail operations as operated by the current ownership.
Inventory inclusion and owner-advised transition are key features of this offering.
The sale is positioned as a hands-on, ready-to-operate opportunity with continuity at the same location. The property itself is described as well maintained and supports ongoing retail operations as operated by the current ownership.
Inventory inclusion and owner-advised transition are key features of this offering.
Key Highlights
- Turnkey retail storefront business operating in the Scottsbluff area since 1947
- Current location in a well‑maintained building since 1990
- Inventory included with the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,625
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,500
$292.5K
Cap Rate 7%
$208,929
$208.9K
Cap Rate 9%
$162,500
$162.5K
Market Conditions
NOI Build-Up for 2,058 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.2K $10.80/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$20.9K $10.15/SF
− OpEx
−$6.3K −$3.05/SF
NOI
$14.6K $7.11/SF
Area
Scotts Bluff County, NE
Vacancy
6.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,500
Cap Rate 7%
$208,929
Cap Rate 9%
$162,500
Alternative Uses
Best Use
Retail
$208.9K
$182.8K – $243.8K
NOI $14,625 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$386.3K
$338.0K – $450.7K
NOI $27,040 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 89%
Shops & Services 11%
Runza
Dining
13,186 visits/mo
0.2 miles
Sam & Louie's
Dining
4,143 visits/mo
0.1 miles
First Interstate Bank
Shops & Services
2,196 visits/mo
0.4 miles
China Express
Dining
2,119 visits/mo
0.3 miles
Safelite AutoGlass
Shops & Services
314 visits/mo
0.2 miles
Demographics for 69361, NE
17,526
Population
7,750
Households
2.3
Avg Household Size
39
Median Age
27%
College-Educated
90%
High-School Grad
237.8 sq mi
ZIP Area
74
Density / Sq Mi
$55,531
Median Household Income
$38,160
Median Earnings
$949
Median Rent
$154,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blossom Shop — 1816 Broadway, Scottsbluff, NE 69361
- The Flower Basket at Main Street Market — 401 S Beltline Hwy W, Scottsbluff, NE 69361
- Flowers On Broadway — 1910 Broadway, Scottsbluff, NE 69361
Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey retail storefront in a well-maintained building, with inventory included and owner guidance for a smooth transition.
Where is this storefront property located?
The property is located at 14 E 16th Street Scottsbluff, NE.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Turnkey retail storefront business operating in the Scottsbluff area since 1947; Current location in a well‑maintained building since 1990; Inventory included with the building
