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    1600 Pine Industrial Rd Norfolk, NE 68701

    For Lease
    Contact for pricing

    Massive retail space, ideal for diverse uses.

    Lot size:
    228,882 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This expansive 228,882 square foot retail property, situated on a 17.4-acre lot in Norfolk, Nebraska, presents a unique investment opportunity. Built in 1962 and zoned for heavy industrial use, this single-tenant building is currently vacant and offers significant flexibility for a wide range of commercial enterprises. Its previous use as a Tyson freezer/refrigerated cold storage facility provides a solid foundation for various adaptations. The property's location along Highway 275 in Norfolk, a regional economic center, offers excellent access and visibility. Norfolk boasts a robust industrial base, including prominent companies like Nucor Steel, Continental Tires, and others, creating a strong potential market for this substantial space. The property's size allows for customization to suit diverse needs, whether long-term or short-term occupancy. An additional 32 acres of adjacent land are also available for purchase, providing further expansion possibilities. This prime location and substantial square footage make this property an exceptional opportunity for businesses seeking a significant presence in a thriving Nebraska market. The property is located in Madison County, Nebraska, with a zip code of 68701.

    Property Features for 1600 Pine Industrial Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    228,882 SF

    Building Details

    Year Built
    1962

    Unit(s) available at that property

    Space
    Available Space
    Size
    228,882 SF

    HighLights

    • 228,882 SF retail building on a 17.4‑acre lot in Norfolk, NE.
    • Vacant, single‑tenant building, zoned for heavy industrial use.
    • Previously used as a Tyson cold storage facility.
    • Excellent highway visibility on Highway 275 in Norfolk, a regional economic center.
    • 32 acres of adjacent land available for purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Madison
    State
    Nebraska
    Longitude
    -97.400988199656
    Latitude
    42.014250119366

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    FAQs

    What type of property is this?
    Retail property - Massive retail space, ideal for diverse uses.
    Where is this retail property located?
    The property is located at 1600 Pine Industrial Rd Norfolk, NE.
    What are key features of this property?
    This property features: 228,882 SF retail building on a 17.4-acre lot in Norfolk, NE.; Vacant, single-tenant building, zoned for heavy industrial use.; Previously used as a Tyson cold storage facility.
    Request Owner's contact information
    1600 Pine Industrial Rd Norfolk, NE 68701
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    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
    1600 Pine Industrial Rd Norfolk, NE 68701
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