Commercial Storefront
For Sale
Contact for pricing
1635 Washington Street, Blair, NE 68008
Storefront commercial property with a Washington Street address in Blair.
Property Size2,400 SF
Price / SF$131.25
Days on Market138
Property Features for 1635 Washington Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail, Office
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Renovated
2020
Buildings
1
Stories
1
Listing Agency:
Nebraska Realty
Listed By:
Samantha Wehrli · License #20210645
(402) 510-2008
Source:
Crexi
Added: Jun 1
Changed: Oct 1
Last Checked: Oct 14 at 9:07PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial storefront property is located at 1635 Washington Street in Blair, Nebraska. The property carries Commercial zoning and is offered for sale.
Key Highlights
- Commercial zoning
- Storefront property classification
- 1635 Washington Street address in Blair, NE 68008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,972
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,440
$559.4K
Cap Rate 7%
$399,600
$399.6K
Cap Rate 9%
$310,800
$310.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$43.2K $18.00/SF
− Vacancy
−$3.2K −$1.35/SF
EGI
$40.0K $16.65/SF
− OpEx
−$12.0K −$5.00/SF
NOI
$28.0K $11.66/SF
Area
Washington County, NE
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,440
Cap Rate 7%
$399,600
Cap Rate 9%
$310,800
Alternative Uses
Best Use
Office B
$566.8K
$495.9K – $661.2K
NOI $39,674 @ 7.0% cap · market cap 12.59%
Second Best
Retail
$399.6K
$349.7K – $466.2K
NOI $27,972 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$630.5K
$551.7K – $735.6K
NOI $44,135 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 68008, NE
12,597
Population
5,289
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
97%
High-School Grad
124.0 sq mi
ZIP Area
102
Density / Sq Mi
$86,905
Median Household Income
$54,588
Median Earnings
$933
Median Rent
$254,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront commercial property with a Washington Street address in Blair.
Where is this storefront property located?
The property is located at 1635 Washington Street Blair, NE.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Commercial zoning; Storefront property classification; 1635 Washington Street address in Blair, NE 68008
