Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Upgraded Geneva Commercial Building Title is generated by Realmo AI

    162 S 8th St, Geneva, NE 68361

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Unique commercial property with upgraded office and warehouse space.

    Type:OFFICE
    Property size:
    4,608 SF
    Added:
    May 13, 2026
    Days on Market:
    20
    Last Refresh:
    May 27 at 8:23 am

    Property Features for 162 S 8th St

    General Information

    Standard status
    Active
    Size
    4,608 SF
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Karla Jacobson
    Karla Jacobson

    Listing agent Karla Jacobson

    Listing office 2Ks Realty

    Listing date May 13, 2026

    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 2Ks Realty

    HighLights

    • Upgraded office space with kitchen, full bathroom, and laundry within the building
    • Large warehouse space is suitable for inventory, materials, vehicles, and trailers
    • Three garage door areas: Front (holds 3 cars), Back (former paint booth), and access to warehouse
    • C1 zoning with special exception for residential use
    • Back alley access and extra parking space
    • Located in Geneva, Nebraska, with economic development incentives available

    Overview

    This recently upgraded building is located on the commercial square in Geneva. The current owners have used the warehouse storage space and recently upgraded it to include an office featuring a large open area with a kitchen, office, and full bathroom with laundry. Original brick details, LVP flooring, new cabinets and counters, all new fixtures, and a new front door and window on the street side enhance the space. A mini-split system provides heating and cooling. The building includes four separate areas: the upgraded office area, a front overhead garage door area that can easily hold three cars, a back (south) garage door area that was formerly a paint booth and can hold a vehicle with extra space, and a main warehouse space suitable for inventory, materials, vehicles, and trailers. Back alley access and extra parking space are available. The zoning is C1, which has a special exception for living in this unit. This unique property is located in a community with economic development incentives available. Geneva, a county seat in south-central Nebraska, has a thriving downtown area. With agriculture as the driving economic stimulus, local industries, the Fillmore County Hospital, the Fillmore Central School District, and other local employment provide a robust economic space for a new business to thrive. The property size is 4608 square feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Fillmore
    State
    Nebraska
    Longitude
    -97.605011
    Latitude
    40.526799

    FAQs

    What type of property is this?
    Flex space - Unique commercial property with upgraded office and warehouse space.
    Where is this flex space located?
    The property is located at 162 S 8th St Geneva, NE.
    What are key features of this property?
    This property features: Upgraded office space with kitchen, full bathroom, and laundry within the building; Large warehouse space is suitable for inventory, materials, vehicles, and trailers; Three garage door areas: Front (holds 3 cars), Back (former paint booth), and access to warehouse
    (402) 759-2107 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Karla Jacobson
    Karla Jacobson
    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
    162 S 8th St, Geneva, NE 68361
    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!