Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1307 3Rd St Alliance, NE 69301

    For Sale
    $3,495,000

    High-yield redevelopment opportunity

    Property size:
    58,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail investment property, located at 1325 W 3rd St, Alliance, NE 69301, presents a compelling redevelopment opportunity. The 58,000 square foot center sits on a 6.1-acre lot and features three single-story buildings constructed in 1980 and renovated in 2020. Currently boasting a 72% occupancy rate with five tenants including Hobby Lobby, Harbor Freight, Big Lots, and Marshalls, the property generates a net operating income (NOI) of $110,000, resulting in a 3.15% cap rate. The asking price is $3,495,000, translating to $60.26 per square foot. The property is zoned C-3 and offers significant upside potential with 210,000 square feet of air rights. The net rentable area is 24,900 square feet, and the land value is $1.95 per square foot. The property benefits from a triple-net (NNN) lease structure with credit-rated tenants and rent bumps. Parking is ample, with 60 spaces per unit. The current lease term has 5 years remaining, and lease options are available. This multi-tenant property is a strong investment opportunity for those seeking a redevelopment project with established national tenants and significant growth potential in a thriving Nebraska community. The property is currently undergoing redevelopment by the owner, with a new credit union slated to open in 2023.

    Property Features for 1307 3Rd St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    58,000 SF
    Class
    B
    Lot Size
    265,716 SF

    Building Details

    Year Built/Renovated
    1980/2020
    Buildings
    3
    Stories
    1
    Units
    3

    HighLights

    • Owner/Broker.
    • High‑traffic location.
    • Excellent visibility.
    • Strong tenant base.
    • Significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alliance
    County
    Box Butte
    State
    Nebraska
    Longitude
    -102.8904116
    Latitude
    42.0956474

    Nearby Similar for Sale

    • New
      $7,497,000
      1,934.87 Acres

      Irrigated Farmland Opportunity in Nebraska

      Multiple irrigated parcels with good water rights in Nebraska.
      Tbd Hwy, Alliance, NE 69301
      View Details
    • New
      $1,375,000
      289.43 Acres

      Irrigated Farmland Opportunity Near Alliance

      289.43 acre farm with irrigation pivots near Alliance, Nebraska.
      57 Tbd County Rd, Alliance, NE 69301
      View Details
    • New
      $795,000
      152.88 Acres

      Irrigated Farmland with Valley Pivot

      152.88 acres of irrigated land near Alliance, Nebraska.
      87 Tbd State Hwy, Alliance, NE 69301
      View Details
    • New
      $792,000
      323.54 Acres

      Irrigated Farm Land with Pivots

      323.54 acre farm with irrigation pivots near Alliance, NE.
      83 Tbd County Rd, Alliance, NE 69301
      View Details
    • $95,000
      1,710 SF

      Commercial Building in Alliance, NE

      Remodeled commercial building with wheelchair access and updated features.
      407 Laramie Ave, Alliance, NE 69301
      View Details
    • $1,750,000
      31,000 SF

      Private Retreat Center: Alliance, NE

      34-bed campus, 31,000 sq ft
      12438 Road 129, Alliance, NE 69301
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-yield redevelopment opportunity
    Where is this lifestyle center located?
    The property is located at 1307 3Rd St Alliance, NE.
    What is the asking price?
    The asking price for this property is $3,495,000.
    What are key features of this property?
    This property features: Owner/Broker.; High-traffic location.; Excellent visibility.
    Request Owner's contact information
    1307 3Rd St Alliance, NE 69301
    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.
    1307 3Rd St
    Alliance, NE 69301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1307 3Rd St Alliance, NE 69301
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.