Corner Retail and Medical
For Sale
Contact for pricing
1915 N Webb Rd, Grand Island, NE 68803
White box shell on a hard corner at a busy intersection, suited for custom medical office or retail build-out.
Property Size3,672 SF
Price / SF$217.86
Days on Market300
Property Features for 1915 N Webb Rd
General Information
Standard status
Active
Size
3,672 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Listing Agency:
Colliers | Omaha
(402) 345-5866
Listed By:
Dave Ulferts · License #20200382
(402) 763-1753
Source:
Moodyscre
Added: Nov 18, 2025
Changed: Sep 10
Last Checked: Sep 13 at 8:43AM
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 Colliers | Omaha
Investment Insights
Based on property information with market context.
This property is a white box shell ready for a customized build-out for medical office or retail use. The space is being offered as a blank-slate option for an owner or tenant to tailor to their specific layout and improvements.
The building sits on a hard corner at a busy intersection of State Street and Webb Road, supporting commercial visibility and easy access for customers and clients.
The developer has indicated willingness to build to suit, with options for sale or lease arrangements.
The building sits on a hard corner at a busy intersection of State Street and Webb Road, supporting commercial visibility and easy access for customers and clients.
The developer has indicated willingness to build to suit, with options for sale or lease arrangements.
Key Highlights
- White box shell building ready for custom medical office or retail build‑out
- Located on a hard corner at the busy intersection of State Street and Webb Road
- Suitable for uses including medical office, financial advisor, mortgage company, or title company
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
$48,246
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
6.03%
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%
$964,920
$964.9K
Cap Rate 7%
$689,229
$689.2K
Cap Rate 9%
$536,067
$536.1K
Market Conditions
NOI Build-Up for 3,672 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
$87.7K $23.88/SF
− Vacancy
−$7.3K −$1.98/SF
EGI
$80.4K $21.90/SF
− OpEx
−$32.2K −$8.76/SF
NOI
$48.2K $13.14/SF
Area
Hall County, NE
Vacancy
8.30%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
40.00%
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%
$964,920
Cap Rate 7%
$689,229
Cap Rate 9%
$536,067
Alternative Uses
Best Use
Healthcare Medical
$689.2K
$603.1K – $804.1K
NOI $48,246 @ 7.0% cap · market cap 6.03%
Second Best
Office B
$688.4K
$602.3K – $803.1K
NOI $48,185 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$919.0K
$804.1K – $1.07M
NOI $64,327 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 68803, NE
26,487
Population
11,188
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
86.9 sq mi
ZIP Area
305
Density / Sq Mi
$70,040
Median Household Income
$44,795
Median Earnings
$888
Median Rent
$224,100
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
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Similar Off Market Nearby
- Petco Vaccination Clinic — 3430 State St, Grand Island, NE 68803
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Frequently Asked Questions
What type of property is this?
Medical Office Space - White box shell on a hard corner at a busy intersection, suited for custom medical office or retail build-out.
Where is this medical office space located?
The property is located at 1915 N Webb Rd Grand Island, NE.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: White box shell building ready for custom medical office or retail build‑out; Located on a hard corner at the busy intersection of State Street and Webb Road; Suitable for uses including medical office, financial advisor, mortgage company, or title company
