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    1700 Market Ln Norfolk, NE 68701

    Sponsored
    For Sale
    Contact for pricing

    Norfolk, NE Shopping Center Redevelopment

    Property size:
    71,974 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.65-acre development site, located at 1700 Market Ln in Norfolk, Nebraska (APN 590304078), presents a significant redevelopment opportunity. The property encompasses a substantial 71,974 square feet of retail space within the Sunset Plaza Mall, offering immense potential for a variety of commercial ventures. Its strategic location, approximately 1.5 hours from both Omaha, Nebraska, and Sioux Falls, South Dakota, establishes it as a key regional retail hub. The presence of Faith Regional Hospital, undergoing a major expansion, and the concentration of three high schools and Northeast Community College in the area, ensures a robust and diverse customer base. Norfolk boasts a strong economic foundation, supported by a total population of 153,237, 7,902 businesses, and 60,996 households, providing a substantial market for any new development. This prime location and substantial square footage make this property an ideal investment for developers seeking a high-impact project in a thriving Nebraska community. The property's zoning and potential uses should be verified independently. This is a rare opportunity to capitalize on a significant retail redevelopment project in a growing market. All interested parties are encouraged to conduct their own due diligence.

    Property Features for 1700 Market Ln

    General Information

    Property type
    Lifestyle centers
    Square Feet
    71,974 SF
    Lot Size
    71,874 SF
    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 Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Madison
    State
    Nebraska
    Longitude
    -97.4310373
    Latitude
    42.020787

    Nearby Comparable

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      Prime Commercial Land Opportunity

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      Land Parcels in Norfolk, Nebraska

      Five land parcels available near US 275 in Norfolk.
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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Lifestyle center - Norfolk, NE Shopping Center Redevelopment
    Where is this lifestyle center located?
    The property is located at 1700 Market Ln Norfolk, NE.
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    1700 Market Ln 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
    1700 Market Ln Norfolk, NE 68701
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