Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land in Central City Title is generated by Realmo AI

    L Road Lot 13, Central City, NE 68826

    View on Map
    Claim this Listing
    For Sale
    $168,000

    LAND - Central City, NE

    Lot size:
    1.00 Acre
    Added:
    Oct 15, 2024
    Days on Market:
    590
    Last Refresh:
    May 27 at 2:06 am

    Property Features for L Road Lot 13

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    See Addendum
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Ask for the attached addendum for full Legal Descriptions & Parcel Numbers.

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Jamie North
    Jamie North

    Listing agent Jamie North

    Listing office Nebraska Realty 217 E Stolley Park Rd Ste. A, Omaha, NE

    Listing date Oct 15, 2024

    MLS# 20241936 Listing URL

    Copyright © 2026 Grand Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 35+/- acre fully stocked lake with soft sugar sand beaches and clear aquifer fed water
    • Conveniently located only 1.5 miles from Central City's amenities
    • Lake lots are fully graded and ready to build on, most suitable for walk‑out basements with lake views
    • Abundant wildlife, including whitetail deer and waterfowl, creating a tranquil and secluded environment
    • Waterfront lake property offering outdoor lake life activities
    • Tall grass and trees provide a less urban feel and secluded surrounding

    Overview

    This is a waterfront lake property featuring a 35+/- acre fully stocked lake, complete with soft sugar sand beaches and clear aquifer-fed water. The location offers a tranquil, outdoor lake lifestyle with abundant wildlife. Whitetail deer are seen daily, waterfowl fly overhead, and fish jump in the water. The tall grass and trees contribute to a secluded surrounding. Central City provides full amenities, including a brand-new school addition and a brand-new hospital, both located approximately 1.5 miles from the property. All lots have been fully graded and are ready for construction. Most lake lots are designed for walk-out style basements with lake views. The property is located on L Road Lot 13, Central City, NE 68826.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Central City
    County
    Merrick
    State
    Nebraska
    Longitude
    -98.103927
    Latitude
    41.08972

    Nearby Similar for Sale

    • $495,000

      Historic Bar & Volleyball Complex

      Thriving bar and volleyball complex in Central City, Nebraska.
      417 G Street, Central City, NE 68826
      View Details
    • $1,900,000

      Platte River Paradise Land

      448.7 acres of riverfront land with grazing and recreational potential.
      1304 Lone Tree Road, Central City, NE 68827
      View Details
    • $160,000
      1,697 SF

      Hord Lake Waterfront Building Lot

      Lakefront lot with foundation, well, and electric in Central City.
      1829 Mallard Drive, Central City, NE 68826
      View Details
    • $500,000

      Farm/Estate with Cleary Building

      45.66 acres with building near Central City, Nebraska.
      TBD 20th Road, Central City, NE 68826
      View Details
    • $1,300,000

      Updated Hotel on High Traffic

      31-room hotel with modern updates and strong occupancy potential.
      1701 31st St, Central City, NE, 68826-2715
      View Details
    • $143,000

      Waterfront Land with Stocked Lake

      35-acre lake property near Central City, Nebraska.
      L Road Lot 9, Central City, NE 68826
      View Details
    • $160,000

      Waterfront Land in Central City

      35+/- acre lake property with soft sand beaches.
      L Road Lot 14, Central City, NE 68826
      View Details
    • $158,000

      Waterfront Land with Stocked Lake

      35+/- acre lake, beaches, wildlife, near Central City amenities.
      L Road Lot 18, Central City, NE 68826
      View Details
    • $143,000

      Waterfront Land with Stocked Lake

      35+/- acre lake property with beaches near Central City.
      L Road Lot 8, Central City, NE 68826
      View Details
    • $128,000

      Waterfront Land with Stocked Lake

      Waterfront land with a 35+/- acre stocked lake.
      L Road Lot 5, Central City, NE 68826
      View Details
    • $168,000

      Waterfront Land in Central City

      35+/- acre lake with beaches near Central City, Nebraska.
      L Road Lot 12, Central City, NE 68826
      View Details
    • $153,000

      Waterfront Land with Stocked Lake

      Waterfront property with a 35-acre stocked lake and beaches.
      L Road Lot 6, Central City, NE 68826
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 35+/- acre lake property with soft sand beaches.
    Where is this waterfront land located?
    The property is located at L Road Lot 13 Central City, NE.
    What is the asking price?
    The asking price for this property is $168,000.
    What are key features of this property?
    This property features: 35+/- acre fully stocked lake with soft sugar sand beaches and clear aquifer fed water; Conveniently located only 1.5 miles from Central City's amenities; Lake lots are fully graded and ready to build on, most suitable for walk‑out basements with lake views
    (308) 325-5305
    We can help!
    Listing Contact
    Jamie North
    Jamie North
    Learn More
    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
    L Road Lot 13, Central City, NE 68826
    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!