Commercial Real Estate Market in Greenwood, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 57 off-market properties in Greenwood, NE.
Market Trends
Greenwood, NE spans 54.4 square miles in Cass County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenwood, 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 Greenwood, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Greenwood, 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 Greenwood, 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
- Commercial 88%
- Residential 9.7%
- Industrial 2.3%
Largest Zones share of zoned land by district
Transitional Agriculture
Urban Residential
Industrial
Suburban Residential
Highway Commercial
Greenwood, NE zones 3,586 acres across 7 districts. Commercial zoning covers 88% of zoned land, residential 9.7% and industrial 2.3%. The largest single district is Transitional Agriculture at 87.6%. For commercial buyers the practical constraint is that only 90.4% of land carries a commercial or industrial designation.
Transitional Agriculture (TA)
Section 5.05 TA Transitional Agriculture District 5.05.01 Intent: The Transitional Agriculture District is established for the purpose of preserving agricultural resources that are compatible with adjacent urban growth. It is not intended for commercial feedlot operations for livestock or poultry. 5.05.02 Permitted Uses. The following principal uses are perm…
Market overview
Demographics & Economy
Greenwood, NE has 1,110 residents in 318 households. Density runs 20 people per square mile. Median household income here is $100,000 and median gross rent $1,152 a month.
1,110
Population
318
Households
3.5
Avg Household Size
42
Median Age
29%
College-Educated
95%
High-School Grad
54.4 sq mi
ZIP Area
20
Density / Sq Mi
$100,000
Median Household Income
$40,000
Median Earnings
$1,152
Median Rent
$206,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Waverly | — | — |
| Ashland | — | — |
| Alvo | — | — |
| Prairie Home | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Greenwood?
Greenwood, NE zones 3,586 acres across 7 districts, of which 88% is commercial and 2.3% industrial. The largest single district is Transitional Agriculture at 87.6% of zoned land. Section 5.05 TA Transitional Agriculture District 5.05.01 Intent: The Transitional Agriculture District is established for the purpose of preserving agricultural resources that are compatible with adjacent urban growth. It is not intended for commercial feedlot operations for livestock or poultry. 5.05.02 Permitted Uses. The following principal uses are perm… Residential zoning covers 9.7% and open space 0%.
Where does Realmo's Greenwood market data come from?
Realmo compiles Greenwood, NE figures from 4 recent recorded sales, 1 active sale listings, 57 tracked off-market properties, the current Greenwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Greenwood, 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: 3,586 zoned acres across 7 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
