Commercial Real Estate Market in Ogallala, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 562 off-market properties in Ogallala, NE.
Market Trends
Ogallala, NE spans 240.8 square miles in Keith County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ogallala, 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 Ogallala, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ogallala, 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 Ogallala, 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 49.1%
- Residential 28.7%
- Agricultural 12%
- Industrial 10.2%
Largest Zones share of zoned land by district
Residential District Medium Density
Residential District Low Density
Business District Interstate Highway
Business District Highway
Agriculture District
Ogallala, NE zones 3,142 acres across 11 districts. Commercial zoning covers 49.1% of zoned land, residential 28.7% and industrial 10.2%. The largest single district is Residential District Medium Density at 21.3%. For commercial buyers the practical constraint is that only 59.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Ogallala, NE has 5,914 residents in 3,239 households. Density runs 25 people per square mile. Median household income here is $58,022 and median gross rent $738 a month.
5,914
Population
3,239
Households
1.8
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
240.8 sq mi
ZIP Area
25
Density / Sq Mi
$58,022
Median Household Income
$41,440
Median Earnings
$738
Median Rent
$149,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Roscoe | — | — |
| Brule | — | — |
| Keystone | — | — |
| Lemoyne | — | — |
Commercial property in Ogallala, NE asks $143/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ogallala?
Commercial property in Ogallala, NE asks an average of $143 per square foot. The 7 most recent recorded sales traded at a median of $104/SF, so asking sits 38% above the achieved median.
What zoning applies to commercial property in Ogallala?
Ogallala, NE zones 3,142 acres across 11 districts, of which 49.1% is commercial and 10.2% industrial. The largest single district is Residential District Medium Density at 21.3% of zoned land. Residential zoning covers 28.7% and open space 0%.
Where does Realmo's Ogallala market data come from?
Realmo compiles Ogallala, NE figures from 8 recent recorded sales, 17 active sale listings, 562 tracked off-market properties, the current Ogallala zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 0 active for-lease listings in Ogallala, 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: 3,142 zoned acres across 11 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
