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    320 Douglas St O'Neill, NE 68763

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    For Sale
    Contact for pricing

    High-Visibility Commercial Property in O'Neill, NE

    Property Features for 320 Douglas St

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Kyle Connot
    Kyle Connot

    Listing Agency: Stracke Land & Realty Listing Agent: Kyle Connot

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located at 320 E Douglas Street in O'Neill, Nebraska, presents a unique investment opportunity. Situated along Highways 275/20 and near Highway 281, this prime location ensures high visibility and significant traffic flow, ideal for attracting customers. The property boasts a completely remodeled 1,880 square foot building, completed in 2016, showcasing a captivating blend of industrial design and historic charm. The brick storefront features eye-catching wall lighting and expansive windows, drawing attention from passersby. Inside, exposed brick walls, a vintage tile ceiling, and exposed ductwork create a spacious, open atmosphere complemented by high, 11-foot ceilings and original wood flooring. A fully equipped commercial kitchen and bar area are located towards the rear, along with two restrooms. Currently configured as a restaurant with a 64-person occupancy, the property's versatility allows for adaptation to various business types, from boutiques to studios. A detached 640 square foot garage provides ample storage. The property's 2023 property taxes totaled $1,148.68. Average monthly utilities include electricity ($550), gas ($269), and water/sewer/trash ($230). The main area measures approximately 19'2" x 46'10". This is a rare chance to own a highly desirable commercial space with a distinctive industrial aesthetic in a thriving Nebraska location. The asking price is $220,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Holt County Grill Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    O'Neill
    County
    31089
    State
    Nebraska
    Longitude
    -98.6484869
    Latitude
    42.4579375

    Nearby Similar for Sale

    • $325,000

      Prime O'Neill Commercial Space

      Highway 20 Office Building - $325K
      316 Highway 20, O'Neill, NE 68763
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    • $70,000

      Prime O'Neill Office Space for Sale

      High-visibility office, great parking, versatile layout.
      102 Madison St, O'Neill, NE 68763
      View Details

    FAQs

    What type of property is this?
    Land - High-Visibility Commercial Property in O'Neill, NE
    Where is this land located?
    The property is located at 320 Douglas St O'Neill, NE.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Prime O'Neill, Nebraska location on Highways 275/20, near Highway 281, ensuring high visibility and traffic.; Completely remodeled 1,880 sq ft building (2016) with industrial design and historic charm.; Features include exposed brick, vintage tile ceiling, 11-foot ceilings, original wood flooring, commercial kitchen, bar, and two restrooms.
    (402) 340-2990 Call to check price and availability
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    320 Douglas St O'Neill, NE 68763
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    O'Neill, NE 68763
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    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
    320 Douglas St O'Neill, NE 68763
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Connot
    Kyle Connot
    (402) 340-2990 (402) 340-0493
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