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

    Hwy 275 & Meigs St Valley, NE 68064

    • Retail properties
    • 1 SF
    • 260.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Hwy 275 & Meigs St

    Lot size
    260.00 lot acres
    Property size
    1 SF
    Property type
    Retail properties
    Property subtype
    Mixed-use properties

    Description

    This exceptional 260-acre development in Valley, Nebraska (Douglas County, zip code 68064), presents a unique investment opportunity. Located at the intersection of Highway 275 & Meigs Street, this property boasts a diverse range of zoning designations (R2, R3, C3), allowing for flexible development options. The site includes over 64 acres designated for commercial space, offering both retail and flex opportunities, with lot pricing ranging from $7.00 to $20.00 per square foot for commercial/retail and $8.00 to $16.00 per square foot for commercial/flex space. In addition to the commercial component, the development encompasses over 115 acres for single-family and multifamily residential construction. A significant amenity is the integrated 96-acre First Interstate SportsPlex, a state-of-the-art facility featuring soccer, baseball, and softball fields, including an adaptive sports field, projected to attract over 200,000 visitors annually by 2027. Further enhancing the development's appeal is a 25-acre community lake and walking trails. The land value is $4.50 per square foot. This development offers a compelling blend of commercial, residential, and recreational uses, creating a vibrant and attractive community. The property's strategic location and diverse offerings make it an ideal investment for developers seeking a high-growth area with significant potential. For complete details, please visit the provided website.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Valley
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.3514
    Latitude
    41.3058

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      7285 West St

      Land • 0.50 Acres
      7285 West St, Valley, NE 68064
      View Details
    • Value Estimation by Request

      266 West St

      Land
      266 West St, Valley, NE 68064
      View Details
    • Value Estimation by Request
      3.37 Acres

      West St

      Land • 3.37 Acres
      0 West St, Valley, NE 68064
      View Details
    • Value Estimation by Request
      2.19 Acres

      West St

      Land • 2.19 Acres
      0 West St, Valley, NE 68064
      View Details
    • Value Estimation by Request
      8,717 SF

      Valley, NE 68064

      NURSERY, GREENHOUSE, FLORIST • 8,717 SF
      Valley, NE 68064
      View Details
    • Value Estimation by Request
      9,000 SF

      7 Falcon Business Park

      Retail properties • 9,000 SF
      7 Falcon Business Park, Valley, NE 68064
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      260.00 Acres

      Catalina Valley Development Opportunity

      Prime Nebraska commercial land, retail & mixed-use.
      0 Hwy 275 & Meigs St, Valley, NE 68064
      View Details
    • $1,265,601

      Falcon Business Park Lot 5

      Prime Commercial Land, Highway 64 Frontage
      266 West St, Valley, NE 68064
      View Details
    • Contact for pricing

      Valley Shores Commercial Land

      Prime Nebraska Commercial Lot - 264,631 sq ft
      7202 280 St, Valley, NE 68064
      View Details
    • $2,888,750
      115.55 Acres

      Prime Land Opportunity in Valley

      115.55 acres near Elkhorn Athletic Association Sports Complex.
      252Nd St, Valley, NE 68064
      View Details
    • $199,000
      0.22 Acres

      Flatwater Lake Residential Lot

      Prime lot at Flatwater Lake for lakefront living.
      28586 Jessie Cir, Valley, NE 68064
      View Details
    • $699,000
      1.81 Acres

      Commercial Land in Valley, NE

      1.81 acre commercial land for sale in Valley, Nebraska.
      N 276 Cir, Valley, NE 68064
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      9,000 SF

      Valley Retail Space - Falcon Business Park

      Nebraska retail space, multiple suites available.
      7 Falcon Business Park, Valley, NE 68064
      View Details
    • $23 SF/Yr
      600 SF

      New Retail Space Available

      New construction retail space with drive-thru, ready Spring 2024.
      West St, Valley, NE 68064
      View Details
    • $21 SF/Yr
      816 SF

      New Retail Space Available

      New construction retail space with drive-thru, ready Spring 2024.
      7330 N West St, Valley, NE 68064
      View Details
    • $11 SF/Yr
      10,900 SF

      New Construction Flex/Industrial Space

      New construction flex and industrial space with highway exposure.
      26099 Fort Cir, Valley, NE 68064
      View Details
    • $10 SF/Yr
      5,622 SF

      Prime Valley Office Space

      Historic building, modern updates, flexible suites.
      333 Spruce St, Valley, NE 68064
      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.
    Hwy 275 & Meigs St
    Valley, NE 68064
    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.