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    OFF-MARKET
    Commercial real estate

    384 Co Rd, Richland, NE 68601

    217,295 SF 4.5 ac lot Built 1998
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 384 Co Rd 1, Richland, NE 68601, presents a lucrative investment opportunity. The 4.5-acre lot encompasses four buildings totaling 217,295 square feet, constructed in 1998 and zoned for commercial use. The property boasts a strong net operating income (NOI) of $1,700,000, with an asking price of $3,200,000, resulting in a land value of $641,283 per acre. The business itself is a well-established and respected irrigation and snow removal company serving the Columbus, NE area, featuring a loyal customer base and experienced crew. Included in the sale are three semi-trucks, seven trailers of parts and equipment, numerous service trucks, snow removal trucks, tractors, sprinkler equipment, and snow removal equipment. The business also supplies liquid deicer and possesses two liquid applicator vehicles and two bulk salt applicator vehicles. This turnkey operation offers immediate growth potential and a substantial return on investment. The property's Class C designation and the existing infrastructure provide a solid foundation for continued success and expansion. The business has been operating successfully since 1981, demonstrating its longevity and market stability. This is a rare opportunity to acquire a profitable, established business with significant assets and a strong market presence. The property's APN is 0020906. Two gas pumps are also located on the property.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1998
    Total area 217,295 SF
    Lot 4.5 ac (196,020 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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