Property profile

0 Omaha Ave Norfolk, NE 68701

OFF-MARKET
Neighborhood centers
11,400 SF 0.98 ac lot Built 1989
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Property summary

AI-generated overview

This exceptional retail investment opportunity presents a fully leased, 11,400-square-foot building situated on a 0.98-acre lot in Norfolk, Nebraska. Located at the hard corner of W Omaha Ave and Hwy 275 & S 9th Street, this property boasts excellent visibility and accessibility, benefiting from its prime location near major retailers such as HyVee, Menard's, Target, and TJ Maxx. The building, constructed in 1989, features six tenants including Michael's Cantina, Big Ren Keno, Selectel Wireless, and Essential Personnel, ensuring a 100% occupancy rate. The asking price is $1,295,000, translating to $113.60 per square foot. The property includes convenient front door parking and existing monument signage. Its I-1 zoning, within the Highway Corridor Overlay District, provides flexibility for future uses. Annual real estate taxes for 2023 were $14,592. This is a unique chance to acquire a well-established, high-performing retail center with strong tenant occupancy and a desirable location. The property's strategic placement and high visibility make it an attractive investment for discerning buyers seeking a stable and profitable commercial venture.

Property profile

Verified
Property type Neighborhood centers
Year built 1989
Total area 11,400 SF
Lot 0.98 ac (42,689 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Omaha Ave Norfolk, NE 68701
Norfolk metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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