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

    265 33Rd Ave Columbus, NE 68601

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

    Former Quality Inn in Columbus, Nebraska, for sale.

    Property size:
    90,056 SF
    Lot size:
    7.18 Acres

    Property Features for 265 33Rd Ave

    General Information

    Standard status
    Active
    Zoning
    B-2 General Commercial
    Size
    90,056 SF
    Lot size
    7.18 Acres

    Building Details

    Year built
    1973

    We can help!

    Listing Contact
    Josh Prettyman
    Source: Crexi

    Listing Agency: EXP COMMERCIAL, LLC Listing Agent: Josh Prettyman

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

    Learn more

    Overview

    Quality Inn Conversion Opportunity

    Located at 265 33rd Ave, Columbus, Nebraska, the former Quality Inn Columbus presents an investment opportunity with potential for an up-brand to Clarion by Choice Hotels or for apartment conversion. This hospitality asset offers versatility for an investor looking to capitalize on the growing Columbus market. The property can be delivered unencumbered of any franchise and management agreements. Qualified investors can unlock the property's full potential and explore opportunities for value enhancement with access to additional due diligence materials. The property size is 90056 square feet.
    Location Intelligence

    Current Use by Public Records

    Ramada by Wyndham ... Hotel & Motel Maria's Authentic Mexican ... Restaurant Quality Inn Hotel & Motel Rivers Edge Convention ... Hotel & Motel Freedom Memorial Museum

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Platte
    State
    Nebraska
    Longitude
    -97.366895
    Latitude
    41.42014

    Nearby Similar for Sale

    • $479,900
      832 SF

      High-Traffic Corner Commercial Opportunity

      Highly visible corner property on Highways 30 & 81.
      1861 33Rd Ave, Columbus, NE 68601
      View Details
    • $525,000

      Geno's Minnow Mart Real Estate

      Commercial property with highway frontage, suitable for retail or business.
      1771 33Rd Ave, Columbus, NE 68601
      View Details
    • $600,000
      25,481 SF

      Industrial Site with Two Buildings

      Industrial site featuring shop space, wash bays, offices, and storage.
      1350 12Th Ave, Columbus, NE 68601
      View Details
    • $599,900

      High-Traffic Office Space in Columbus

      Office space in high-traffic location with ample parking.
      2670 33Rd Ave, Columbus, NE 68601
      View Details
    • $259,000

      Downtown Building with Prime Location

      Downtown building with prime location offering endless possibilities.
      2313 13Th St, Columbus, NE 68601
      View Details
    • $270,000

      Retail Property in Columbus, NE

      Retail property featuring ample square footage and basement storage.
      2513 11Th St, Columbus, NE 68601
      View Details
    • $450,000

      Established Business and Building For Sale

      Turnkey appliance and television business with real estate for sale.
      2962 33Rd Ave, Columbus, NE 68601
      View Details
    • $990,000
      12,651 SF

      Office with Warehouse in Columbus

      Office with warehouse/storage space in downtown Columbus, Nebraska.
      1254 27Th Ave, Columbus, NE 68601
      View Details
    • Contact for pricing
      2,385 SF

      New Construction Chipotle For Sale

      New construction Chipotle restaurant with a long-term lease.
      3344 23Rd St, Columbus, NE 68601
      View Details
    • Contact for pricing
      58,577 SF

      Columbus Retail Property for Sale

      Retail property available for purchase in Columbus, Nebraska.
      3620 23Rd St, Columbus, NE 68601
      View Details
    • Contact for pricing

      Medical Office Building For Sale

      Recently renovated medical office building with ample parking.
      2452 39Th Ave, Columbus, NE 68601
      View Details
    • Contact for pricing
      12,651 SF

      Office with Warehouse/Storage For Sale

      Office with warehouse/storage ideal for owner/user or investment.
      1254 27Th Ave, Columbus, NE 68601
      View Details

    FAQs

    What type of property is this?
    Hotel - Former Quality Inn in Columbus, Nebraska, for sale.
    Where is this hotel located?
    The property is located at 265 33Rd Ave Columbus, NE.
    What are key features of this property?
    This property features: - Prime location in the growing Columbus, Nebraska market.; - Up-brand potential to Clarion by Choice Hotels.; - Apartment conversion potential.
    Request Owner's contact information
    265 33Rd Ave Columbus, NE 68601
    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.
    265 33Rd Ave
    Columbus, NE 68601
    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
    265 33Rd Ave Columbus, NE 68601
    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
    Josh Prettyman
    Real Estate License ID: 20230687
    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!