Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kearney Commercial Land Opportunity Title is generated by Realmo AI

    5011 2nd Ave, Kearney, NE 68847

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land available near Hilltop Mall, Kearney, NE.

    Type:Land
    Added:
    Jan 6, 2020
    Days on Market:
    2343
    Last Refresh:
    May 20 at 12:07 am

    Property Features for 5011 2nd Ave

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Brett Heimes

    Listing agent Brett Heimes License #NE 20050415

    Listing office DP Management, LLC

    Listing date Jan 6, 2020

    Source Crexi

    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 DP Management, LLC

    HighLights

    • Opportunity to build to suit/ground lease near the fully leased Hilltop Mall.
    • High traffic location: 25,000 vehicles per day on N 2nd Ave and 18,000 vehicles per day on I‑80.
    • Large trade area population served by Good Samaritan Hospital (355,000 residents).
    • Significant student population (over 12,000).
    • Proximity to Viaero Event Center, hosting major events and averaging over 130,000 visitors annually.
    • Kearney is home to over 1,700 hotel rooms and the state's 3rd largest convention center.

    Overview

    Located in Kearney, Nebraska, this commercial land offers opportunities for building or ground leasing near the fully leased Hilltop Mall. The trade area benefits from a student population exceeding 12,000, supported by the University of Nebraska. Good Samaritan Hospital provides specialty care to over 355,000 residents in central Nebraska and Northern Kansas. The area has over 1,700 hotel rooms and the state's third-largest convention center. The Viaero Event Center hosts more than 5 major events annually, attracting over 130,000 visitors. N 2nd Avenue experiences 25,000 vehicles per day, while I-80 sees 18,000 vehicles per day. The total population is 38,355, with 1,838 businesses and 15,134 households.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kaw Valley Greenhouses Garden Center The Sequel Bookshop (Bike/Boat/Book/etc) Store Hilltop Mall Shopping Center & Mall Maurices Clothing & Fashion Store Franks Disposal and Dumpsters ... Waste Management Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kearney
    County
    Buffalo
    State
    Nebraska
    Longitude
    -99.0793725
    Latitude
    40.7241363

    Nearby Similar for Sale

    • $845,000

      Productive Irrigated Livestock Farm

      Well-managed livestock property with irrigation near Kearney, Nebraska.
      0000 Keystone Rd, Kearney, NE 68840
      View Details
    • $1,225,000
      12,500 SF

      Light Industrial Manufacturing Facility

      M-1 zoned facility with three overhead doors, semi-height dock, and substantial power service on nearly two acres.
      4303 E 39th Street, Kearney, NE 68847
      View Details
    • $2,690,000

      Kearney Commercial Land For Sale

      Prime location rezoned land with commercial opportunities and growth potential.
      2nd Ave, Kearney, NE 68847
      View Details
    • $539,500

      NNN Office Condo Investment

      Four-year triple-net lease is in place with tenant-paid utilities and structured rent escalations starting in year three.
      5308 Parklane Drive, Kearney, NE 68845
      View Details
    • $2,347,200
      2,304 SF

      Freestanding Chipotle with Drive-Thru

      Freestanding Chipotle with drive-thru in Kearney, Nebraska for sale.
      5001 2nd Ave, Kearney, NE 68847
      View Details
    • $459,000
      3,100 SF

      Updated Six-Plex with Strong Income

      Fully occupied six-plex with recent updates and strong net operating income.
      2425 Avenue B, Kearney, NE 68847
      View Details
    • Contact for pricing
      2,252 SF

      Retail Property in Kearney, NE

      Retail property available for sale in Kearney, Nebraska.
      221 W 39th St, Kearney, NE
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land available near Hilltop Mall, Kearney, NE.
    Where is this commercial land located?
    The property is located at 5011 2nd Ave Kearney, NE.
    What are key features of this property?
    This property features: Opportunity to build to suit/ground lease near the fully leased Hilltop Mall.; High traffic location: **25,000 vehicles per day on N 2nd Ave** and 18,000 vehicles per day on I‑80.; Large trade area population served by Good Samaritan Hospital (355,000 residents).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brett Heimes
    Real Estate License ID: NE 20050415
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5011 2nd Ave, Kearney, NE 68847
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!