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    3812 Avenue B Scottsbluff, NE 69361

    • Office Properties & Spaces
    • 4,888 SF
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 3812 Avenue B

    Year built
    1992
    Property size
    4,888 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional medical office building, located at 3812 Ave. B in Scottsbluff, Nebraska, presents a compelling investment opportunity. The property boasts a total of 4,888 square feet on the main floor, originally designed for physical therapy and subsequently used as a dialysis center and a YMCA satellite fitness center. The building features a spacious layout with a large open work area and several private offices, ideal for a variety of medical practices. A significant advantage is the 1,924 square foot mezzanine area, offering additional office space and storage. Furthermore, a partially finished 1,728 square foot basement provides ample storage capacity. The building also includes a separate 2,914 square foot north suite with private offices, accessed through a shared foyer. Built in 1992 with subsequent updates, the property sits on a 21,925 square foot lot and is zoned O-P. Its strategic location in a high-traffic area of Scottsbluff offers excellent visibility and convenient access to Highway 26 and other major roadways. The asking price is $750,000, translating to $163.67 per square foot. Lease terms are available upon request. This property represents a rare chance to acquire a well-situated, versatile medical office building in a thriving Nebraska community. The APN is 010122370.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Scottsbluff
    County
    Scotts Bluff
    State
    Nebraska
    Longitude
    -103.666
    Latitude
    41.8851

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $235,000
      1,529 SF

      2400 Broadway

      DENTAL BUILDING • 1,529 SF
      2400 Broadway, Scottsbluff, NE 69361-1605
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    • Value Estimation
      $365,000
      2,812 SF

      310 38th St

      DENTAL BUILDING • 2,812 SF
      310 38th St, Scottsbluff, NE 69361-4686
      View Details
    • Value Estimation
      $290,000
      2,867 SF

      226 38th St

      MEDICAL BUILDING • 2,867 SF
      226 38th St, Scottsbluff, NE 69361-4625
      View Details
    • Value Estimation
      $315,000
      1,427 SF

      3727 Ave D D

      DENTAL BUILDING • 1,427 SF
      3727 Ave D D, Scottsbluff, NE 69361-4642
      View Details
    • Value Estimation by Request
      13,931 SF

      4022 Ave B B

      MEDICAL BUILDING • 13,931 SF
      4022 Ave B B, Scottsbluff, NE 69361-4651
      View Details

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    3812 Avenue B
    Scottsbluff, NE 69361
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    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.

    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
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