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    820 1St St Ogallala, NE 69153

    Sponsored
    For Sale
    $1,925,000

    Versatile Flex Space, Prime Location

    Property size:
    29,930 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 29,930-square-foot commercial building in Ogallala, Nebraska, presents a unique investment opportunity. Located at 820 E 1st St, this single-story, Class B property sits on a 3.54-acre lot and boasts 16-foot ceilings. Built in 1983 and extensively renovated in 2023, the building features a sprinkler system, separate HVAC systems, and heavy three-phase power, making it suitable for a variety of uses including flex, manufacturing, and storefront operations. Its versatile design, combined with its convenient location on Highway 30, ensures high visibility and accessibility. The property includes ample paved parking and a unique advantage: a Union Pacific Railroad (UPRR) spur located behind the building. Zoned for commercial use, this vacant property offers significant potential for businesses seeking a spacious, well-equipped facility in a thriving community. The asking price is $1,925,000. This is a rare opportunity to acquire a substantial commercial property with significant upside potential in a growing Nebraska market. Don't miss out on this chance to own a piece of Ogallala's vibrant commercial landscape.

    Property Features for 820 1St St

    General Information

    Property type
    Individual retail properties
    Square Feet
    29,930 SF
    Class
    B
    Lot Size
    154,202 SF

    Building Details

    Year Built/Renovated
    1983/2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,925,000 asking price for a vacant, 29,930 SF industrial/retail building.
    • Class B, single‑story building on a 3.54‑acre lot in Ogallala, Nebraska.
    • Features include 16' ceilings, a 2023 renovation, and a sprinkler system.
    • Property includes separated HVAC systems and heavy three‑phase power.
    • Located on Highway 30 with high visibility and accessibility.
    • Includes a UPRR spur.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogallala
    County
    Keith
    State
    Nebraska
    Longitude
    -101.70997907514
    Latitude
    41.125852160024

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    FAQs

    What type of property is this?
    Individual retail property - Versatile Flex Space, Prime Location
    Where is this individual retail property located?
    The property is located at 820 1St St Ogallala, NE.
    What is the asking price?
    The asking price for this property is $1,925,000.
    What are key features of this property?
    This property features: $1,925,000 asking price for a vacant, 29,930 SF industrial/retail building.; Class B, single-story building on a 3.54-acre lot in Ogallala, Nebraska.; Features include 16' ceilings, a 2023 renovation, and a sprinkler system.
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    Ogallala, NE 69153
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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
    820 1St St Ogallala, NE 69153
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