Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1940 Kellie Dr Blair, NE 68008

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10.69-acre parcel in growing Blair corridor.

    Lot size:
    10.69 Acres

    Property Features for 1940 Kellie Dr

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Lot size
    10.69 Acres

    We can help!

    Listing Contact
    Mahlon Rador
    Source: Crexi

    Listing Agency: Berkshire Hathaway HomeServices Ambassador Real Estate Omaha Listing Agent: Mahlon Rador

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    10.69 Acres in Blair Corridor

    This 10.69-acre parcel features a flat build surface and an elevated position. The topography allows flexibility in layout while maintaining sight lines and accessibility. Infrastructure is in place, including sewer, water, storm drainage, and grading. These have been completed and paid for. The property is located in the Blair corridor, in a city known for working with developers. The ground is improved with scale, positioning, and momentum already established. It is available individually or in combination with additional parcels.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Blair
    County
    Washington
    State
    Nebraska
    Longitude
    -96.2448
    Latitude
    41.5565

    Nearby Similar for Sale

    • $334,575
      14.87 Acres

      14.87 Acres in Blair, NE

      14.87-acre lot with panoramic views and endless possibilities.
      6 County Road 22, Blair, NE 68008
      View Details
    • $199,000

      Blair Duplex Investment Opportunity

      Duplex in the heart of Blair, Nebraska.
      1713 Lincoln St, Blair, NE 68008
      View Details
    • $258,525
      11.49 Acres

      Expansive Acreage with Panoramic Views

      11.49-acre lot offering space and serenity for custom living.
      5 County Road 22, Blair, NE 68008
      View Details
    • $199,000

      Cash Flowing Duplex in Blair

      Fully occupied duplex, perfect for new or seasoned investors.
      2123 Washington St, Blair, NE 68008
      View Details
    • $199,000

      Blair Duplex Investment Opportunity

      Cash-flowing duplex in Blair, perfect for investment portfolios.
      215 S 17Th St, Blair, NE 68008
      View Details
    • $2,625,142

      Retail Property with Highway Visibility

      Two buildings constructed in 2021, located off Hwy 30.
      2025-2095 S 20Th St, Blair, NE 68008
      View Details
    • $649,900

      Retail/Office Building with Mezzanine

      Retail or office building featuring a mezzanine level.
      554 S 13Th St, Blair, NE 68008
      View Details
    • $725,000

      Flex Warehouse in Blair, NE

      Flex warehouse with outside storage in Blair's Central Business District.
      1160 Lincoln St, Blair, NE 68008
      View Details
    • $1,750,000

      New Industrial Building in Blair

      New industrial building ideal for warehousing, manufacturing, or service operations.
      1145 S 10Th St, Blair, NE 68008
      View Details
    • $661,500
      3,785 SF

      High Visibility Corner Lot

      Corner lot in Blair, Nebraska, with high traffic exposure.
      1865 Washington St, Blair, NE 68008
      View Details
    • Contact for pricing
      17,440 SF

      Versatile Industrial Property on 8 Acres

      Industrial property with three buildings and ample yard space.
      270 East Grant St, Blair, NE 68008
      View Details
    • Contact for pricing
      30,000 SF

      Single-Tenant Cargill Office Building

      Single-tenant office building occupied by Cargill with long-term lease.
      1705 Kellie Dr, Blair, NE
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.69-acre parcel in growing Blair corridor.
    Where is this commercial land located?
    The property is located at 1940 Kellie Dr Blair, NE.
    What are key features of this property?
    This property features: - 10.69-acre parcel featuring a flat, elevated build surface.; - Key infrastructure already in place: sewer, water, storm drainage, and grading completed and paid for.; - Located in a growing Blair corridor.
    Request Owner's contact information
    1940 Kellie Dr Blair, NE 68008
    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.
    1940 Kellie Dr
    Blair, NE 68008
    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
    1940 Kellie Dr Blair, NE 68008
    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

    We can help!
    Listing Contact
    Mahlon Rador
    Real Estate License ID: 20220674
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!