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    1015 Magnet Dr Norfolk, NE 68701

    Sponsored
    For Sale
    $3,650,000

    Prime Nebraska industrial land, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 105.96-acre industrial property in Norfolk, Nebraska, presents a unique development opportunity. Located at 1015 Magnet Drive (APN 590163825), this parcel is zoned I-3 and boasts extensive pre-development groundwork, including completed grading. Utilities are readily available, featuring gas service from Black Hills Energy, electrical service from NPPD, and water and sewer services provided by the City of Norfolk. The property benefits from a rail siding served by the Nebraska Central Railroad, ensuring efficient transportation logistics. Its strategic location provides easy access to Highways 81 and 275, enhancing connectivity and distribution capabilities. Furthermore, this site is conveniently situated just six miles from the Norfolk Regional Airport, offering additional logistical advantages. The property is eligible for Tax Increment Financing (TIF), making it a financially attractive proposition. This expansive tract represents a significant opportunity for industrial development in a well-established and accessible location. Serious inquiries are encouraged.

    Property Features for 1015 Magnet Dr

    General Information

    Property type
    Land
    Lot Size
    4,615,618 SF

    HighLights

    • $3,650,000 asking price.
    • 105.96‑acre industrial land parcel.
    • I‑3 zoning.
    • Extensive site grading complete.
    • Utilities available: Black Hills Energy (gas), NPPD (electric), City of Norfolk (water & sewer).
    • Rail service via Nebraska Central Railroad.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Wholesale Shop Gym & Fitness Bar & Pub Electrical Service Cafe & Coffee Shop Daycare Center Nursing Home Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Madison
    State
    Nebraska
    Longitude
    -97.3924966
    Latitude
    42.0592397

    Nearby Comparable

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      Development Ready Land Parcel

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    Nearby Similar for Sale

    • $235,000

      Zero Entry Townhome with Garage

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    FAQs

    What type of property is this?
    Land - Prime Nebraska industrial land, ready for development.
    Where is this land located?
    The property is located at 1015 Magnet Dr Norfolk, NE.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: $3,650,000 asking price.; 105.96-acre industrial land parcel.; I-3 zoning.
    Request Owner's contact information
    1015 Magnet Dr Norfolk, NE 68701
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    Realmo Value Estimation

    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.

    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.

    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
    1015 Magnet Dr Norfolk, NE 68701
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