Commercial Real Estate Market in Valentine, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
8 active listings and 509 off-market properties in Valentine, NE.
Market Trends
Valentine, NE spans 1,605.6 square miles in Cherry County, Nebraska. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Valentine, 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 Valentine, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Valentine, 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 Valentine, 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 45.8%
- Agricultural 22.1%
- Industrial 18.3%
- Commercial 11.8%
- Civic 2%
Largest Zones share of zoned land by district
Medium Density Residential District
Transitional Agriculture
Low Density Residential District
Limited Industrial District
Highway Commercial District
Valentine, NE zones 2,528 acres across 9 districts. Commercial zoning covers 11.8% of zoned land, residential 45.8% and industrial 18.3%. The largest single district is Medium Density Residential District at 22.3%. For commercial buyers the practical constraint is that only 30.1% of land carries a commercial or industrial designation.
Medium Density Residential District (R-2)
The intent of this district is to provide moderate density residential development, with gross densities generally between 6 and 12 units per acre, along with compatible supporting uses in population centers providing adequate public facilities and creating or maintaining a sound pleasant environment ensuring a desirable economical growth pattern to the comm…
Market overview
Demographics & Economy
Valentine, NE has 4,143 residents in 2,086 households. Density runs 3 people per square mile. Median household income here is $58,808 and median gross rent $859 a month.
4,143
Population
2,086
Households
2
Avg Household Size
42
Median Age
21%
College-Educated
97%
High-School Grad
1605.6 sq mi
ZIP Area
3
Density / Sq Mi
$58,808
Median Household Income
$36,660
Median Earnings
$859
Median Rent
$141,200
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Valentine?
Commercial property in Valentine, NE asks an average of $800 per square foot.
What zoning applies to commercial property in Valentine?
Valentine, NE zones 2,528 acres across 9 districts, of which 11.8% is commercial and 18.3% industrial. The largest single district is Medium Density Residential District at 22.3% of zoned land. The intent of this district is to provide moderate density residential development, with gross densities generally between 6 and 12 units per acre, along with compatible supporting uses in population centers providing adequate public facilities and creating or maintaining a sound pleasant environment ensuring a desirable economical growth pattern to the comm… Residential zoning covers 45.8% and open space 0%.
Where does Realmo's Valentine market data come from?
Realmo compiles Valentine, NE figures from 8 active sale listings, 509 tracked off-market properties, the current Valentine zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Valentine, 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: 2,528 zoned acres across 9 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 30 September 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 30 September 2026 · report a data issue
