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    2019 Krenzien Dr Norfolk, NE 68701

    For Lease
    $26 SF/Yr ($14,703 /Mo)

    High-traffic location, 1,592 sq ft available

    Lot size:
    6,786 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,592 square foot retail space, located at 2019 Krenzien Drive in Norfolk, Nebraska, presents a prime opportunity for businesses seeking high visibility and strong foot traffic. Situated on an outparcel lot in front of a major car dealership, this property benefits from its location on the main retail corridor, alongside national retailers such as Harbor Freight, Kohl's, Target, and Walmart. The space is part of a larger building, sharing the property with Buffalo Wild Wings, and offers over 1,000 square feet of prime storefront space, plus over 400 square feet dedicated to inventory and a break room. Built in 2017, this single-story building boasts excellent visibility from US-275, a major thoroughfare with over 18,000 vehicles passing daily. A prominent pylon sign ensures high visibility for your business. The property is located in Madison County, Nebraska, with a zip code of 68701. This space is ideal for national retailers or businesses seeking a high-impact location in a thriving retail environment. The total building size is 6,786 square feet, with 1,592 square feet currently vacant and available for lease. This is a street retail property with multiple tenancies.

    Property Features for 2019 Krenzien Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,786 SF
    Total Rate
    14703

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,592 SF
    Rate per SF
    $26

    HighLights

    • High‑visibility location with US‑275 frontage.
    • Pylon signage available for tenants.
    • Prime Norfolk retail corridor location.
    • Over 18,000 vehicles per day (VPD) on US‑275.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Madison
    State
    Nebraska
    Longitude
    -97.437417962615
    Latitude
    42.021145760923

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, 1,592 sq ft available
    Where is this individual retail property located?
    The property is located at 2019 Krenzien Dr Norfolk, NE.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location with US-275 frontage.; Pylon signage available for tenants.; Prime Norfolk retail corridor location.
    Request Owner's contact information
    2019 Krenzien 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
    2019 Krenzien Dr Norfolk, NE 68701
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