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    1700 Market Ln Norfolk, NE 68701
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    Property profile & analytics

    1700 Market Ln, Norfolk, NE 68701

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    • Lifestyle centers
    • 71,974 SF
    • 1.65 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1700 Market Ln

    Lot size
    1.65 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Madison
    State
    Nebraska
    Longitude
    -97.431
    Latitude
    42.0208

    Comparable in this City

    • Value Estimation by Request
      11,400 SF

      Omaha Ave

      Neighborhood centers
      0 Omaha Ave, Norfolk, NE 68701
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    • Value Estimation
      $3,455,000
      15,360 SF

      2100 Market Ln

      SHOPPING CENTER, STRIP CENTER
      2100 Market Ln, Norfolk, NE 68701-4624
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    • Value Estimation
      $605,000
      17,800 SF

      904 Riverside Blvd

      SHOPPING CENTER, STRIP CENTER
      904 Riverside Blvd, Norfolk, NE 68701-2853
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    • Value Estimation
      $590,000
      10,200 SF

      2108 Taylor Ave

      SHOPPING CENTER, STRIP CENTER
      2108 Taylor Ave, Norfolk, NE 68701-4604
      View Details
    • Value Estimation
      $1,365,000
      6,400 SF

      500 13th St

      SHOPPING CENTER, STRIP CENTER
      500 13th St, Norfolk, NE 68701-4967
      View Details
    • Value Estimation by Request
      9,689 SF

      1310 Norfolk Ave

      SHOPPING CENTER, STRIP CENTER
      1310 Norfolk Ave, Norfolk, NE 68701-4800
      View Details

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      Established Golf Cart Dealership

      Profitable golf cart dealership for sale with growth potential.
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      Pending

      Retail Space For Sale

      Retail space with 8.50% CAP rate and 35,694 SF.
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      Industrial Lots in Bradford Park

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      Industrial Lots in Bradford Business Park

      Shovel-ready industrial lots for sale, configurable to your needs.
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      Hard-Corner Commercial Development Site

      Prominent hard-corner visibility supports drive-thru and gas/convenience station concepts near major regional anchors.
      506 S 25Th St, Norfolk, NE 68701
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      Retail Space Near Walmart

      Retail space available in shadow center anchored by Walmart.
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      Retail/Medical Building with High Visibility

      Class A retail/medical space with excellent visibility in Norfolk.
      1130 S 13Th St, Norfolk, NE 68701
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    • $15 SF/Yr
      4,250 SF

      Retail Space Available For Lease

      Retail property available for lease with established neighboring businesses.
      2305 Krenzien Dr, Norfolk, NE 68701
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      Retail/Office Space Available For Lease

      4,934 SF retail/office space for lease at $20.00/SF NNN.
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    • Contact for pricing

      Retail Space Near Major Businesses

      High-traffic retail space near Target and Fortune 500 company.
      1710 Market Ln, Norfolk, NE 68701
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    • Contact for pricing
      4,250 SF

      Retail Showroom with Highway Visibility

      Outlot retail space with excellent highway visibility and traffic.
      2305 Krenzien Dr, Norfolk, NE 68701
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    Norfolk, NE 68701
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    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.

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