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    1317 Norfolk Ave Norfolk, NE 68701

    Sponsored
    For Sale
    $115,000

    Prime 1.05-acre commercial lot in Norfolk, NE.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.05-acre commercial land parcel, located at 1317 W. Norfolk Ave in Norfolk, Nebraska (zip code 68701), presents a remarkable investment opportunity. Zoned CC, this property boasts unparalleled visibility and accessibility, situated at the intersection of W. Norfolk Avenue and N. 13th Street. The high-traffic location benefits from an estimated 28,000 vehicles passing daily, ensuring significant exposure for any commercial venture. Its strategic position places it within minutes of major retailers including CVS, Walgreens, Hy-Vee, Menards, Walmart, Kohl's, and BankFirst, guaranteeing a robust customer base. This prime location in the heart of Norfolk offers exceptional potential for a variety of commercial uses, from small office spaces to kiosks, making it an ideal investment for entrepreneurs and businesses seeking a high-visibility presence in a thriving community. The asking price for this exceptional property is $115,000. Don't miss this chance to secure a piece of Norfolk's vibrant commercial landscape.

    Property Features for 1317 Norfolk Ave

    General Information

    Property type
    Land
    Lot Size
    45,738 SF

    HighLights

    • $115,000 asking price.
    • 1.05‑acre commercial land parcel.
    • CC zoning.
    • Located at 1317 W. Norfolk Ave, Norfolk, NE 68701.
    • High visibility location with excellent access to major retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Madison
    State
    Nebraska
    Longitude
    -97.428369807224
    Latitude
    42.03267289

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    FAQs

    What type of property is this?
    Land - Prime 1.05-acre commercial lot in Norfolk, NE.
    Where is this land located?
    The property is located at 1317 Norfolk Ave Norfolk, NE.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: $115,000 asking price.; 1.05-acre commercial land parcel.; CC zoning.
    (402) 548-4064
    Request Owner's contact information
    1317 Norfolk Ave 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
    1317 Norfolk Ave Norfolk, NE 68701
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