Flex Space With Office And
For Sale
$175,000
1512 1ST AVENUE, Scottsbluff, NE 69361
COMMERCIAL/INDUSTRIAL, Scottsbluff, NE
Property Size2,600 SF
Price / SF$67.31
Days on Market49
Property Features for 1512 1ST AVENUE
General Information
Property type
Residential
Property subtype
Office
Lot features
Downtown
Subdivision
SCOTTSBLUFF
Standard status
Active
APN
010138153
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Central Air
Building Details
Flooring type
Carpet, Tile
Building materials
Frame, Brick, Metal, Stucco
Roof type
Flat, Tar/Gravel
Listing Agency:
NEBRASKA REALTY
(402) 491-0100
Listed By:
CECILIA STINNER
(308) 765-8762
Added: Aug 26
Changed: Oct 9
Last Checked: Oct 13 at 3:06PM
MLS# 27443
Copyright © 2026 Western Nebraska Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property combines 2,600 SF of office space with two bathrooms and an additional 4,280 SF of storage area. The layout includes a garage door for direct access, supporting a range of commercial storage and operational needs. Existing finishes include carpet and tile, with hot-water heating, window units, and central air conditioning.
Exterior features include a brick carport with alley access, a rear two-car garage, and substantial off-street parking on an associated public parking lot. The property also includes a nail salon area with viewing limited until an offer has been accepted. Located near downtown Scottsbluff, the building offers a blend of office, storage, and vehicle-oriented improvements.
Exterior features include a brick carport with alley access, a rear two-car garage, and substantial off-street parking on an associated public parking lot. The property also includes a nail salon area with viewing limited until an offer has been accepted. Located near downtown Scottsbluff, the building offers a blend of office, storage, and vehicle-oriented improvements.
Key Highlights
- 2,600 SF of office space with two bathrooms
- 4,280 SF of storage area with a garage door
- Brick carport with alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,891
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,820
$297.8K
Cap Rate 7%
$212,729
$212.7K
Cap Rate 9%
$165,456
$165.5K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$21.8K $8.40/SF
− Vacancy
−$568 −$0.22/SF
EGI
$21.3K $8.18/SF
− OpEx
−$6.4K −$2.45/SF
NOI
$14.9K $5.73/SF
Area
Scotts Bluff County, NE
Vacancy
2.60%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,820
Cap Rate 7%
$212,729
Cap Rate 9%
$165,456
Alternative Uses
Best Use
Office B
$294.2K
$257.4K – $343.2K
NOI $20,592 @ 7.0% cap · market cap 11.77%
Second Best
Warehouse
$258.3K
$226.0K – $301.4K
NOI $18,081 @ 7.0% cap · market cap 10.33%
Theoretical Best
Healthcare Medical
$488.0K
$427.0K – $569.4K
NOI $34,161 @ 7.0% cap · market cap 19.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial property combining office areas, storage capacity, vehicle access, and on-site parking near downtown.
Where is this flex space located?
The property is located at 1512 1ST AVENUE Scottsbluff, NE.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,600 SF of office space with two bathrooms; 4,280 SF of storage area with a garage door; Brick carport with alley access
