Kearney Retail Space
For Sale
Contact for pricing
300 3rd Ave, Kearney, NE 68845
Retail space for sale in Kearney, Nebraska.
Property Size22,167 SF
Price / SF$178.19
Days on Market697
Property Features for 300 3rd Ave
General Information
Standard status
Active
Size
22,167 SF
Property subtype
Retail
Zoning
Commercial
Building Details
Year Built
2007
Year Renovated
2022
Listing Agency:
The Lerner Company
Listed By:
Boh Kurylo · License #NE 9314
(402) 502-4707
Source:
Crexi
Added: Nov 9, 2024
Changed: Oct 7
Last Checked: Oct 7 at 11:49AM
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 The Lerner Company
Investment Insights
Based on property information with market context.
This commercial real estate, identified as retail space, is available for sale. The property encompasses a total area of 22167 square feet and is located in Kearney, Nebraska.
Key Highlights
- Built in 2007, offering relatively modern construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,300
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,426,000
$2.4M
Cap Rate 7%
$1,732,857
$1.7M
Cap Rate 9%
$1,347,778
$1.3M
Market Conditions
NOI Build-Up for 22,167 SF
Gross rent
$180.9K $8.16/SF
− Vacancy
−$7.6K −$0.34/SF
EGI
$173.3K $7.82/SF
− OpEx
−$52.0K −$2.35/SF
NOI
$121.3K $5.47/SF
Area
Buffalo County, NE
Vacancy
4.20%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,426,000
Cap Rate 7%
$1,732,857
Cap Rate 9%
$1,347,778
Alternative Uses
Best Use
Retail
$1.73M
$1.52M – $2.02M
NOI $121,300 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.16M
$3.64M – $4.85M
NOI $291,247 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
247k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 37%
Hotels & Casinos 21%
Home Improvements & Furnishings 5%
Casey's General Store
Shops & Services
34,635 visits/mo
0.2 miles
McDonald's
Dining
27,807 visits/mo
0.4 miles
Phillips 66
Shops & Services
23,346 visits/mo
0.2 miles
Crowne Plaza Kearney
Hotels & Casinos
16,583 visits/mo
0.3 miles
Speedee Mart
Shops & Services
16,378 visits/mo
0.2 miles
Demographics for 68845, NE
20,304
Population
9,057
Households
2.2
Avg Household Size
33
Median Age
41%
College-Educated
94%
High-School Grad
123.7 sq mi
ZIP Area
164
Density / Sq Mi
$75,350
Median Household Income
$39,232
Median Earnings
$896
Median Rent
$274,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space for sale in Kearney, Nebraska.
Where is this retail space located?
The property is located at 300 3rd Ave Kearney, NE.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Built in 2007, offering relatively modern construction.
