Auto Repair and Warehouse
2840 S Locust St Grand Island, NE 68801
2840 S Locust St, Grand Island, NE, 68801
$925,000
For Sale
$925,000
Real estate includes 4,900-sf main shop, 1,800-sf warehouse, office with gas heat and central A/C.
Property Size6,700 SF
Lot Size2.53 Acres
Price / SF$138.06
Days on Market49
Property Features for 2840 S Locust St
General Information
- Standard status
- Active
- Size
- 6,700 SF
- Lot size
- 2.53 Acres
Listing agency
Babcock Real Estate
(308) 390-5904
Listed by
Tracy Babcock · License #20120066
(308) 390-5904
Source
Exprealty
Added: Jun 4 Updated: Jul 21 at 5:27PM Checked: Jul 21 at 5:27PM
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 Babcock Real Estate
Investment Insights
Based on property information with market context.
For sale at 2840 S Locust St, Grand Island, NE: a tire and repair shop real estate package featuring a main building with shop and support space plus a separate warehouse. The main building totals 4,900 square feet, and the separate warehouse is 1,800 square feet. The property is configured for automotive service operations, with radiant heat in the shop space. The office and waiting area are equipped with gas heat and central A/C.
The sale includes five parcels being sold together, totaling 2.53 acres. The buildings and land can be sold together as real estate only, and the listing also notes the option to include business equipment under a separate MLS offering (see MLS #20262630).
This is a straightforward automotive service site with dedicated warehouse space on a combined, multi-parcel land holding, designed around the existing shop layout and environmental comfort for the office and waiting area.
The sale includes five parcels being sold together, totaling 2.53 acres. The buildings and land can be sold together as real estate only, and the listing also notes the option to include business equipment under a separate MLS offering (see MLS #20262630).
This is a straightforward automotive service site with dedicated warehouse space on a combined, multi-parcel land holding, designed around the existing shop layout and environmental comfort for the office and waiting area.
Key Highlights
- Total 2.53 acres with five parcels sold together
- 4,900‑sf main building plus 1,800‑sf separate warehouse
- Currently operating as a tire and repair shop
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.0k | $18.36 |
| − Vacancy | −$5.9k | −$0.88 |
| EGI | $117.1k | $17.48 |
| − OpEx | −$35.1k | −$5.24 |
| NOI | $82.0k | $12.24 |
6,700 SF · lease $18.36/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.37M
NOI $81,975 @ 7.0% cap · market cap 8.86%
Second Best
Warehouse
$654.5K
$572.7K – $763.5K
NOI $45,812 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,373 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jack's Tire Service
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Classic Automotive — 315-379 W Husker Hwy, Grand Island, NE 68801
- Cars For Less — 3630 S Locust St #2, Grand Island, NE 68801
- Jack's Tire Service — 2840 S Locust St, Grand Island, NE 68801
- Walmart Auto Care Centers — 3501 S Locust St, Grand Island, NE 68801
- Anchest Auto Glass of Doniphan — 3231 Ramada Rd, Grand Island, NE 68801
FAQs
What type of property is this?
Auto shop - Real estate includes 4,900-sf main shop, 1,800-sf warehouse, office with gas heat and central A/C.
Where is this auto shop located?
The property is located at 2840 S Locust St Grand Island, NE.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Total 2.53 acres with five parcels sold together; 4,900‑sf main building plus 1,800‑sf separate warehouse; Currently operating as a tire and repair shop
