Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1001 -2 Nebraska City, NE 68410

    • Land
    • 27.13 lot acres
    For Sale
    View listing
    $7,681,588
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1001 -2

    Lot size
    27.13 lot acres
    Property type
    Land

    Description

    This exceptional 27.13-acre commercial land parcel presents a remarkable investment opportunity in Nebraska City, Nebraska. Strategically located at the intersection of Highway 2 and Highway 75, this property boasts unparalleled visibility and accessibility. The site is zoned C-3, allowing for a wide range of commercial development possibilities. The ongoing expansion of Highway 75 and its connection to the Lincoln South Beltway promises significant future growth and increased traffic flow, making this an ideal location for businesses seeking high exposure. The property is divided into three lots: Lot 1 encompasses 17.64 acres, Lot A1 comprises 2 acres, and Lot A2 includes 7.49 acres. Each lot is priced at $6.50 per square foot, resulting in a total asking price of $7,681,588. This prime location in Otoe County, with its 68410 zip code, offers a unique chance to capitalize on the area's burgeoning commercial sector. The property's address is 1001 NE-2, Nebraska City, NE. Don't miss this exceptional opportunity to secure a prominent position in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nebraska City
    County
    Otoe
    State
    Nebraska
    Longitude
    -95.857
    Latitude
    40.652

    Comparable in this City

    • Value Estimation by Request
      1,505 SF

      423 Central Ave

      COMMERCIAL (GENERAL) • 1,505 SF
      423 Central Ave, Nebraska City, NE 68410
      View Details
    • Value Estimation by Request
      1,804 SF

      Nebraska City, NE 68410

      COMMERCIAL (GENERAL) • 1,804 SF
      Nebraska City, NE 68410
      View Details
    • Value Estimation by Request
      2,850 SF

      Nebraska City, NE 68410

      COMMERCIAL (GENERAL) • 2,850 SF
      Nebraska City, NE 68410
      View Details
    • Value Estimation by Request

      Nebraska City, NE 68410

      COMMERCIAL (GENERAL)
      Nebraska City, NE 68410
      View Details
    • Value Estimation by Request

      Nebraska City, NE 68410

      COMMERCIAL (GENERAL)
      Nebraska City, NE 68410
      View Details
    • Value Estimation by Request
      6,600 SF

      Nebraska City, NE 68410

      COMMERCIAL (GENERAL) • 6,600 SF
      Nebraska City, NE 68410
      View Details

    Similar Nearby for Sale

    • $7,681,588
      27.13 Acres

      Nebraska City Commercial Land

      Prime 27-Acre Development Site
      1001 -2, Nebraska City, NE 68410
      View Details
    • $295,000
      1.84 Acres

      Commercial Land in Nebraska City

      1.84 acre commercial land suitable for various development projects.
      17-8-14 Arbor Vlg, Nebraska City, NE 68410
      View Details
    • $495,000
      17.76 Acres

      Residential Lot in Nebraska City

      Residential lot available for development in Nebraska City, Nebraska.
      17.76 Acres Parcel 00124450, Nebraska City, NE 68410
      View Details
    • $495,000
      17.76 Acres

      Nebraska City Development Opportunity

      Development opportunity in Nebraska City, suitable for multiple homes.
      17.76 Acres Parcel 001244500 St N, Nebraska City, NE 68410
      View Details
    • $32,000
      0.41 Acres

      Residential Lots in Nebraska City

      Three residential lots zoned R-2 in Nebraska City, Nebraska.
      6 Rue 7 Ter, Nebraska City, NE 68410
      View Details
    • $32,000
      0.41 Acres

      Residential Lots in Nebraska City

      Three residential lots suitable for various development options.
      6 Rue 7 Ter, Nebraska City, NE 68410
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      4,620 SF

      Nebraska City Office Suite for Lease

      Prime Office Space, Utilities Included
      1807 4Th Corso, Nebraska City, NE 68410
      View Details
    • Contact for pricing
      10,368 SF

      Affordable Storage Warehouse For Rent

      10,368 SF storage building with highway access.
      6515 J Rd, Nebraska City, NE 68410
      View Details
    • $132 SF/Yr
      10,773 SF

      Nebraska City Office Suites

      Prime Office Space Available Now
      917 Wildwood Ln, Nebraska City, NE 68410
      View Details
    • $4 SF/Yr
      103,340 SF

      Highway 2 Industrial Space

      Nebraska City flex/warehouse space. Multiple suites available.
      1001 -2, Nebraska City, NE 68410
      View Details
    • $675 /Mo

      Retail/Office Space in Nebraska City

      Retail or office space with excellent visibility and convenient location.
      110 S 12Th St, Nebraska City, NE 68410
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1001 -2
    Nebraska City, NE 68410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.