Commercial Real Estate Market in Alma, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 147 off-market properties in Alma, NE.
Market Trends
Alma, NE spans 119.2 square miles in Harlan County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Alma, NE runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Alma, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Alma, NE runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Alma, NE runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 54.3%
- Agricultural 17.1%
- Commercial 16.3%
- Industrial 9.1%
- Civic 3.2%
Largest Zones share of zoned land by district
Residential District
Conservation And Recreation District
General Commercial District
Industrial District
Central Business District
Alma, NE zones 657 acres across 6 districts. Commercial zoning covers 16.3% of zoned land, residential 54.3% and industrial 9.1%. The largest single district is Residential District at 54.3%. For commercial buyers the practical constraint is that only 25.4% of land carries a commercial or industrial designation.
Residential District (R-1)
SECTION 411 R-1 RESIDENTIAL DISTRICT 411.01 INTENT: This district is established for the purposes of providing and preserving areas within the City and areas within the zoning jurisdiction area of the City for low to high density residential uses, to encourage the development of alternative housing styles which make more efficient use of the land and public…
Market overview
Demographics & Economy
Alma, NE has 1,330 residents in 668 households. Density runs 11 people per square mile. Median household income here is $73,077 and median gross rent $845 a month.
1,330
Population
668
Households
2
Avg Household Size
53
Median Age
25%
College-Educated
94%
High-School Grad
119.2 sq mi
ZIP Area
11
Density / Sq Mi
$73,077
Median Household Income
$48,188
Median Earnings
$845
Median Rent
$166,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mullally | — | — |
| Orleans | — | — |
| Republican City | — | — |
| Huntley | — | — |
Commercial property in Alma, NE asks $93/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Alma?
Commercial property in Alma, NE asks an average of $93 per square foot.
What zoning applies to commercial property in Alma?
Alma, NE zones 657 acres across 6 districts, of which 16.3% is commercial and 9.1% industrial. The largest single district is Residential District at 54.3% of zoned land. SECTION 411 R-1 RESIDENTIAL DISTRICT 411.01 INTENT: This district is established for the purposes of providing and preserving areas within the City and areas within the zoning jurisdiction area of the City for low to high density residential uses, to encourage the development of alternative housing styles which make more efficient use of the land and public… Residential zoning covers 54.3% and open space 0%.
Where does Realmo's Alma market data come from?
Realmo compiles Alma, NE figures from 2 active sale listings, 147 tracked off-market properties, the current Alma zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Alma, NE. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 657 zoned acres across 6 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
