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    500 G St Ord, NE 68862

    • Land
    • 38.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 500 G St

    Lot size
    38.00 lot acres
    Property type
    Land

    Description

    This exceptional 38-acre parcel in Ord, Nebraska, presents a unique investment opportunity. Situated on the northwest edge of town, within city limits, this property offers stunning views and is conveniently located near the North Loup River. Already subdivided into eighteen residential lots ranging from one to three acres, this land is ready for immediate development. Public water and sewer lines are available on the north edge, with a proposed water line along the east lot line, ensuring easy access to utilities for future construction. The property's location within an Opportunity Zone provides significant tax advantages for investors and developers seeking to leverage Opportunity Funds. This prime location offers a blend of commercial and residential potential, catering to a variety of development plans. The area boasts a strong sense of community, a peaceful lifestyle, and affordable living, making it an attractive location for new residents. Outdoor recreation opportunities abound, with easy access to the natural beauty of the Great Plains. This is a rare chance to acquire a substantial land holding in a thriving Nebraska community with significant upside potential. The asking price is $725,000, translating to $19,078 per acre.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ord
    County
    Valley
    State
    Nebraska
    Longitude
    -98.95
    Latitude
    41.6071

    Comparable in this City

    • Value Estimation
      $880,000
      20,530 SF

      827 19th St

      COMMERCIAL (GENERAL) • 20,530 SF
      827 19th St, Ord, NE 68862-1084
      View Details
    • Value Estimation
      $295,000
      4,000 SF

      17 G St

      COMMERCIAL (GENERAL) • 4,000 SF
      17 G St, Ord, NE 68862
      View Details
    • Value Estimation
      $270,000
      1,500 SF

      1625 M St

      COMMERCIAL (GENERAL) • 1,500 SF
      1625 M St, Ord, NE 68862-1429
      View Details
    • Value Estimation
      $265,000
      2,016 SF

      13 Nn St

      COMMERCIAL (GENERAL) • 2,016 SF
      13 Nn St, Ord, NE 68862
      View Details
    • Value Estimation
      $585,000
      320 SF

      13 I St

      COMMERCIAL (GENERAL) • 320 SF
      13 I St, Ord, NE 68862
      View Details
    • Value Estimation
      $320,000
      2,610 SF

      138 14th St

      COMMERCIAL (GENERAL) • 2,610 SF
      138 14th St, Ord, NE 68862-1403
      View Details

    Similar Nearby for Sale

    • $349,000
      7,140 SF

      Commercial Building in Downtown Ord

      Turnkey commercial building suitable for retail, production, or office use.
      237 S 15Th St, Ord, NE 68862
      View Details
    • $1,400,000
      2,572 SF

      Luxury Log Home on Acreage

      Nebraska country living with river frontage and equestrian facilities.
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    500 G St
    Ord, NE 68862
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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.

    More about this property
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