5308 Parklane Dr Kearney, NE 68847

Property Details for 5308 Parklane Dr

Year built

2006

Construction

CONCRETE

Property size

3,080 SF

Zone code

03-COMMERCIAL

Property type

Office buildings

APN

605179503

APU

605179503

Description

This exceptional Kearney, Nebraska commercial condominium presents a compelling investment opportunity. Priced at $1,295,000, this Class B property boasts 7,000 square feet of net rentable space across three suites, currently enjoying 100% occupancy with long-term, triple-net (NNN) leases in place. The building, constructed in 2006, features a distinctive brick exterior and is situated on a single story with 50 parking spaces. The three suites are individually leased, offering a diversified tenant base. Suite sizes are 2,500 sq ft, 1,500 sq ft, and 3,000 sq ft. The property generates a substantial net operating income (NOI) of $88,116, resulting in an attractive 6.80% capitalization rate. Condominium fees cover exterior maintenance, including snow removal, lawn care, and trash disposal. Zoned C-2/PD, this property is ideal for owner-users seeking a turnkey operation or investors looking for a strong, stable cash flow. The total building square footage is 7,430 square feet. This is a value-add investment with potential for future growth. The property is located at 5308 Parklane Dr, Kearney, NE 68847.

Location Insight

City

Kearney

County

Buffalo

State

Nebraska

Longitude

-99.0794

Latitude

40.7261

CBSA code

28260

CBSA name

KEARNEY, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments