Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1307 3Rd St Alliance, NE 69301
    Back to Search
    Property profile & analytics

    1307 3Rd St, Alliance, NE 69301

    View on Map
    • Lifestyle centers
    • 58,000 SF
    • 6.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1307 3Rd St

    Year built
    1980
    Lot size
    6.10 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail investment property, located at 1325 W 3rd St, Alliance, NE 69301, presents a compelling redevelopment opportunity. The 58,000 square foot center sits on a 6.1-acre lot and features three single-story buildings constructed in 1980 and renovated in 2020. Currently boasting a 72% occupancy rate with five tenants including Hobby Lobby, Harbor Freight, Big Lots, and Marshalls, the property generates a net operating income (NOI) of $110,000, resulting in a 3.15% cap rate. The asking price is $3,495,000, translating to $60.26 per square foot. The property is zoned C-3 and offers significant upside potential with 210,000 square feet of air rights. The net rentable area is 24,900 square feet, and the land value is $1.95 per square foot. The property benefits from a triple-net (NNN) lease structure with credit-rated tenants and rent bumps. Parking is ample, with 60 spaces per unit. The current lease term has 5 years remaining, and lease options are available. This multi-tenant property is a strong investment opportunity for those seeking a redevelopment project with established national tenants and significant growth potential in a thriving Nebraska community. The property is currently undergoing redevelopment by the owner, with a new credit union slated to open in 2023.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alliance
    County
    Box Butte
    State
    Nebraska
    Longitude
    -102.89
    Latitude
    42.0956

    Comparable in this City

    • Value Estimation by Request
      6,472 SF

      318 Box Butte Ave

      MINI-MALL
      318 Box Butte Ave, Alliance, NE 69301-3373
      View Details
    • Value Estimation
      $550,000
      59,945 SF

      1300 3rd St

      MINI-MALL
      1300 3rd St, Alliance, NE 69301
      View Details
    • Value Estimation by Request
      2,400 SF

      611 3rd St

      CONVENIENCE STORE
      611 3rd St, Alliance, NE 69301-3205
      View Details
    • Value Estimation by Request
      2,400 SF

      2420 Box Butte Ave

      CONVENIENCE STORE
      2420 Box Butte Ave, Alliance, NE 69301-4419
      View Details
    • Value Estimation by Request
      2,556 SF

      224 3rd St

      CONVENIENCE STORE
      224 3rd St, Alliance, NE 69301-3826
      View Details
    • Value Estimation by Request
      1,468 SF

      1308 3rd St

      CONVENIENCE STORE
      1308 3rd St, Alliance, NE 69301-3126
      View Details

    Similar Nearby for Sale

    • $130,000

      Residential Land Near Laing Lake

      Large residential lot ideal for development near Laing Lake Park.
      20th St Emerson Ave To Colorado Ave, Alliance, NE 69301
      View Details
    • Contact for pricing

      Sioux County Irrigated Grazing Ranch

      2,279-acre Nebraska ranch with irrigation and grazing land.
      853 Henderson Rd, Alliance, NE 69301
      View Details
    • $325,500
      2,120 SF

      Furnished Tri-Unit Income Property

      Turnkey, income-producing triplex in Alliance, NE, with seller financing.
      112 E 11Th St, Alliance, NE 69301
      View Details
    • Contact for pricing
      31,000 SF

      Private Campus with Owner Financing

      Private campus with multiple buildings and owner financing available.
      12438 Road 129, Alliance, NE 69301
      View Details
    • $85,000
      1,710 SF

      Remodeled Commercial Building in Alliance

      Remodeled commercial building with wheelchair access and updated features.
      407 Laramie Ave, Alliance, NE 69301
      View Details
    • New
      $625,000

      Live-Work Building with Residential

      Downtown Alliance property with remodeled residence upstairs and commercial zoning on the main and basement levels.
      122 W 4Th St, Alliance, NE 69301
      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.
    1307 3Rd St
    Alliance, NE 69301
    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

    Thank You for Inquiry
    1307 3Rd St, Alliance, NE, 69301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!