Build-to-Suit Office-Retail Corner
For Sale
Contact for pricing
1915 N Webb Rd, Grand Island, NE 68803
Build-to-suit on a hard corner of State Street and Webb Road with planned delivery in late 2026.
Property Size4,351 SF
Price / SF$185
Days on Market262
Property Features for 1915 N Webb Rd
General Information
Standard status
Active
Size
4,351 SF
Property subtype
RETAIL
Listing Agency:
Colliers | Omaha
(402) 763-1753
Listed By:
Dave Ulferts · License #20200382
Source:
Moodyscre
Added: Nov 18, 2025
Changed: Jul 31
Last Checked: Aug 6 at 5:29AM
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 build-to-suit commercial corner property is designed for customization to retail or office needs, with an initial plan to hold up to three suites. The intended flexibility supports a range of professional users, including medical office, financial advisor, mortgage, or title company.
The building site will sit on the hard corner of the busy intersection of State Street and Webb Road. Expected late 2026 delivery provides a defined timeline for planning tenant improvements and occupancy.
Purchase or lease options are described for the build-to-suit approach, with a flexible layout intended to accommodate multiple suites within the initial concept.
The building site will sit on the hard corner of the busy intersection of State Street and Webb Road. Expected late 2026 delivery provides a defined timeline for planning tenant improvements and occupancy.
Purchase or lease options are described for the build-to-suit approach, with a flexible layout intended to accommodate multiple suites within the initial concept.
Key Highlights
- Build‑to‑suit on a hard corner
- Initial plan for up to three suites
- Expected late 2026 delivery
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
$57,167
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
7.10%
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%
$1,143,340
$1.1M
Cap Rate 7%
$816,671
$816.7K
Cap Rate 9%
$635,189
$635.2K
Market Conditions
NOI Build-Up for 4,351 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
$103.9K $23.88/SF
− Vacancy
−$8.6K −$1.98/SF
EGI
$95.3K $21.90/SF
− OpEx
−$38.1K −$8.76/SF
NOI
$57.2K $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%
$1,143,340
Cap Rate 7%
$816,671
Cap Rate 9%
$635,189
Alternative Uses
Best Use
Healthcare Medical
$816.7K
$714.6K – $952.8K
NOI $57,167 @ 7.0% cap · market cap 7.10%
Second Best
Office B
$815.6K
$713.7K – $951.6K
NOI $57,095 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$1.09M
$952.8K – $1.27M
NOI $76,222 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Build-to-suit on a hard corner of State Street and Webb Road with planned delivery in late 2026.
Where is this office units 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 $804,935.
What are key features of this property?
This property features: Build‑to‑suit on a hard corner; Initial plan for up to three suites; Expected late 2026 delivery
