Freestanding Bank
For Sale
Contact for pricing
2008 N Webb Rd, Grand Island, NE 68803
The property includes recent HVAC and roof improvements, along with an irrigation system and furniture available to remain.
Property Size4,204 SF
Lot Size1.50 Acres
Price / SF$184.35
Days on Market31
Property Features for 2008 N Webb Rd
General Information
Standard status
Active
Size
4,204 SF
Lot size
1.50 Acres
Property subtype
RETAIL
Additional Details
Asking Price
$775,000
Amenities
irrigation system
existing furniture
Building Details
Buildings
1
Listing Agency:
NAI FMA Realty
(402) 441-5800
Listed By:
Andy Widman · License #20220676
(402) 580-0208
Source:
Moodyscre
Added: Oct 1
Changed: Oct 31
Last Checked: Oct 31 at 3:30AM
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 NAI FMA 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 freestanding bank property contains 4,204 square feet on a 65,265-square-foot lot. HVAC units were installed in 2022, and the roof was replaced in 2017 with a 50-year warranty. An irrigation system is also in place, and existing furniture may remain with the property.
The site is in Grand Island, Nebraska, between Highway 281 and North Webb Road.
The site is in Grand Island, Nebraska, between Highway 281 and North Webb Road.
Key Highlights
- 4,204‑square‑foot stand‑alone commercial building
- 65,265‑square‑foot lot in Grand Island, Nebraska
- HVAC units installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,110
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,200
$1.1M
Cap Rate 7%
$787,286
$787.3K
Cap Rate 9%
$612,333
$612.3K
Market Conditions
NOI Build-Up for 4,204 SF
Gross rent
$77.2K $18.36/SF
− Vacancy
−$3.7K −$0.88/SF
EGI
$73.5K $17.48/SF
− OpEx
−$18.4K −$4.37/SF
NOI
$55.1K $13.11/SF
Area
Hall County, NE
Vacancy
4.80%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,200
Cap Rate 7%
$787,286
Cap Rate 9%
$612,333
Alternative Uses
Best Use
Specialty Retail
$787.3K
$688.9K – $918.5K
NOI $55,110 @ 7.0% cap · market cap 7.11%
Second Best
Retail
$734.8K
$643.0K – $857.3K
NOI $51,436 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$1.05M
$920.6K – $1.23M
NOI $73,647 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
731
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - The property includes recent HVAC and roof improvements, along with an irrigation system and furniture available to remain.
Where is this bank located?
The property is located at 2008 N Webb Rd Grand Island, NE.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 4,204‑square‑foot stand‑alone commercial building; 65,265‑square‑foot lot in Grand Island, Nebraska; HVAC units installed in 2022
