Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    500 4Th St Palmyra, NE 68347

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 4Th St Palmyra, NE 68347

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 500 4Th St

    Year built
    2008
    Property type
    Office properties & Spaces

    Description

    This exceptional Class A office building, located at 500 S 4th St, Eagle, NE 68347, offers 4,400 square feet of versatile space ideal for a single tenant or multiple occupants. Built in 2008, the two-story building boasts abundant natural light and modern amenities. The first floor features four private offices, a spacious conference room, a convenient break area, two ADA-compliant restrooms, a reception/lobby area, and an accessible entry ramp. The lower level provides additional space with six private offices and another ADA-compliant restroom. The property is zoned COM and has the APN 130024325. The building sits on a single lot and includes 10+ parking spaces. Currently, 2,200 square feet is vacant, presenting a unique opportunity for immediate occupancy. This property is situated near the cross streets of D Street and 4th Street, offering convenient access and visibility. The building's modern design and functional layout make it an attractive option for businesses seeking a high-quality workspace in a desirable location. This is a single-tenancy building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Otoe
    State
    Nebraska
    Longitude
    -96.4305
    Latitude
    40.8166

    Comparable in this City

    • Value Estimation by Request
      4,400 SF

      500 4Th St

      Office Units • 4,400 SF
      500 4Th St, Palmyra, NE 68347
      View Details
    • Value Estimation by Request
      684 SF

      632 4th St

      DENTAL BUILDING • 684 SF
      632 4th St, Eagle, NE 68347-5029
      View Details
    • Value Estimation
      $605,000
      2,200 SF

      500 4th St

      OFFICE BUILDING • 2,200 SF
      500 4th St, Eagle, NE 68347-5092
      View Details
    • Value Estimation by Request
      736 SF

      541 4th St

      OFFICE BUILDING • 736 SF
      541 4th St, Eagle, NE 68347-5092
      View Details
    • Value Estimation by Request
      1,840 SF

      524 4th St

      OFFICE BUILDING • 1,840 SF
      524 4th St, Eagle, NE 68347-5120
      View Details
    • Value Estimation by Request
      39.07 Acres

      3499 Sec 17

      VACANT COMMERCIAL LAND • 39.07 Acres
      3499 Sec 17, Eagle, NE 68347
      View Details

    Similar Nearby for Sale

    • $725,000
      59.00 Acres

      Farmland Opportunity in Eagle, Nebraska

      59 acres of farmland suitable for farming or development.
      E Tl 9&10 Land E, Eagle, NE 68347
      View Details
    • $925,000
      79.09 Acres

      Multi-Use Acreage Near Lincoln

      79.09-acre property with income potential, recreation, and residential opportunities.
      4Th Rd, Eagle, NE 68347
      View Details
    • $3,668,500
      253.00 Acres

      Productive Cropland Near Highway 63

      253 acre cropland with highway frontage near Lincoln and Omaha.
      Tbd Hwy 63, Eagle, NE 68347
      View Details
    • $125,000
      2.87 Acres

      Palmyra Residential Land for Development

      2.87 acres of platted land ready for development.
      345 H St, Palmyra, NE 68347
      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.
    500 4Th St
    Palmyra, NE 68347
    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.
    Sign Up Successful!
    You now have access to more from Realmo!