Flex Space with Office and
For Sale
$1,900,000
215 Kaufman Ave, Grand Island, NE 68803
Multi-purpose commercial building combining extensive office amenities with three separate warehouse areas.
Property Size24,164 SF
Price / SF$78.63
Days on Market59
Property Features for 215 Kaufman Ave
General Information
Standard status
Active
Size
24,164 SF
Amenities
reception area
conference rooms
board rooms
kitchen
break room
copy/printing area
restrooms
Listing Agency:
Berkshire Hathaway HomeServices Da-Ly Realty
(308) 384-1101
Listed By:
Jimmy Reed · License #20160460
(308) 380-6976
Source:
Exprealty
Added: Aug 10
Changed: Sep 12
Last Checked: Oct 7 at 1:16PM
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 Berkshire Hathaway HomeServices Da-Ly Realty
Investment Insights
Based on property information with market context.
This flex-space property combines a substantial office component with dedicated warehouse capacity. The interior includes approximately 23 private offices, a reception area, conference and board rooms, a large kitchen and break room, a copy and printing area, and separate men’s and women’s restrooms. A finished lower level adds further office space along with adaptable work or storage areas.
Three warehouse spaces are incorporated into the building, creating a combined office-and-industrial configuration at 215 Kaufman Ave in Grand Island, Nebraska. The layout also includes shared meeting, staff, and support areas, providing a range of work environments within one commercial property.
Three warehouse spaces are incorporated into the building, creating a combined office-and-industrial configuration at 215 Kaufman Ave in Grand Island, Nebraska. The layout also includes shared meeting, staff, and support areas, providing a range of work environments within one commercial property.
Key Highlights
- Approximately 23 private offices
- Three warehouse spaces within the building
- Finished lower level with additional offices and flexible work or storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,223
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,304,460
$3.3M
Cap Rate 7%
$2,360,329
$2.4M
Cap Rate 9%
$1,835,811
$1.8M
Market Conditions
NOI Build-Up for 24,164 SF
Gross rent
$198.1K $8.20/SF
− Vacancy
−$3.8K −$0.16/SF
EGI
$194.4K $8.04/SF
− OpEx
−$29.2K −$1.21/SF
NOI
$165.2K $6.84/SF
Area
Hall County, NE
Vacancy
1.90%
Lease Rate
$8.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,304,460
Cap Rate 7%
$2,360,329
Cap Rate 9%
$1,835,811
Alternative Uses
Best Use
Office B
$4.53M
$3.96M – $5.28M
NOI $317,087 @ 7.0% cap · market cap 16.69%
Second Best
Warehouse
$2.36M
$2.07M – $2.75M
NOI $165,223 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$6.05M
$5.29M – $7.06M
NOI $423,314 @ 7.0% cap · market cap 22.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
612
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-purpose commercial building combining extensive office amenities with three separate warehouse areas.
Where is this flex space located?
The property is located at 215 Kaufman Ave Grand Island, NE.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Approximately 23 private offices; Three warehouse spaces within the building; Finished lower level with additional offices and flexible work or storage areas
