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    Turnkey Retail and Office Building Title is generated by Realmo AI

    632 6th St, Pawnee City, NE 68420

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    Two-story storefront with office space, walk-in coolers, and basement storage, suited for retail or mixed-use operations.

    Type:Land
    Added:
    May 28, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 4:15 am

    Property Features for 632 6th St

    General Information

    Standard status
    Active
    Property subtype
    Land

    Building Details

    Year Built
    1908

    We can help!

    Listing Contact
    Lucus Dalinghaus

    Listing agent Lucus Dalinghaus

    Listing office Lunzmann Realty, Inc.

    Listing date May 28, 2026

    Source Crexi

    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 Lunzmann Realty, Inc.

    HighLights

    • 1908 two‑story storefront with main‑floor retail area, office, and bathroom
    • Includes two walk‑in coolers and full basement for storage
    • Roof replaced approximately 5 years ago
    • Property can support retail or mixed‑use operations, with upper level for apartment living or added income
    • Sale includes inventory, fixtures, most shelving, and the established business name for Creative Thoughts‑Flowers & Gifts

    Overview

    This two-story building is set up as a turnkey retail and office property. The main floor includes a spacious retail storefront, office space, a bathroom, and two walk-in coolers, with space for inventory and customer-facing display. A full basement offers additional storage capacity for day-to-day operations. The upper level provides additional space that can be used as office, storage, or potentially remodeled for residential or other income-producing use, depending on buyer goals.

    The property is located in Pawnee City, Nebraska at 632 6th St. The sale includes the business as described in the remarks, along with inventory, fixtures, and most shelving, and it is offered with the established business name for a ready-to-operate transition. The roof was replaced approximately five years ago.

    For a buyer, the building supports continued retail use with built-in temperature-controlled storage via the walk-in coolers and practical back-of-house space through the office and basement. The seller is also considering offers on the real estate only, without the business, which may appeal to investors or operators seeking a commercial building with flexible interior areas.
    Location Intelligence

    Current Use by Public Records

    Creative Thoughts Flowers (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Creative Thoughts Flowers — 632 6th St, Pawnee City, NE 68420

    Location Insight

    • Map
    • Local Demand
    City
    Pawnee City
    County
    Pawnee
    State
    Nebraska
    Longitude
    -96.151371
    Latitude
    40.108398

    Nearby Similar for Sale

    • $134,000
      1,776 SF

      Turnkey Business Opportunity in Nebraska

      Established floral and gift business with real estate for sale.
      632 6th St, Pawnee City, NE 68420
      View Details
    • $55,000
      1,210 SF

      Pawnee City Commercial Opportunity

      Versatile commercial property in Pawnee City's vibrant business district.
      630 6th St, Pawnee City, NE 68420
      View Details

    FAQs

    What type of property is this?
    Storefront property - Two-story storefront with office space, walk-in coolers, and basement storage, suited for retail or mixed-use operations.
    Where is this storefront property located?
    The property is located at 632 6th St Pawnee City, NE.
    What is the asking price?
    The asking price for this property is $134,000.
    What are key features of this property?
    This property features: 1908 two‑story storefront with main‑floor retail area, office, and bathroom; Includes two walk‑in coolers and full basement for storage; Roof replaced approximately 5 years ago
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lucus Dalinghaus
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    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.

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