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    248 2Nd St Chadron, NE 69337

    • Commercial real estate
    • 10,800 SF
    • 0.29 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US57-0609317
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chadron Record / Newspaper Publisher

    Property Details for 248 2Nd St

    Year built
    1888
    Lot size
    0.29 lot acres
    Property size
    10,800 SF
    Zone code
    03-COMMERCIAL
    Property type
    Commercial real estate
    APN
    230004605
    APU
    230004605

    Description

    This 10,800 square foot commercial building, situated in downtown Chadron, Nebraska, presents a unique owner-user opportunity. Built in 1888, this all-brick, two-story building sits on a 0.29-acre corner lot, offering convenient street and front door parking. The property boasts a versatile layout, including 3,000 square feet of office space, 4,800 square feet of warehouse space, and additional mezzanine storage. Three drive-in doors provide easy access for loading and unloading. Its prime downtown location offers proximity to local amenities. The property is zoned under City Jurisdiction and features a parcel number of 230004605. The building's classification is commercial, with one main floor and a mezzanine level. This flexible space is ideal for a variety of businesses seeking a blend of office and warehouse functionality in a desirable downtown setting. The property's historical charm combined with its practical layout makes it an attractive investment. The address is 248 W 2nd St, Chadron, NE 69337.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $235,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $225,000
      Mixed-Use
      $265,000
      Hospitality
      $210,000
      Educational
      $285,000
      Residential Income
      $245,000
      Energy
      $250,000
      Income-Based Land
      $240,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Chadron
    County
    Dawes
    State
    Nebraska
    Longitude
    -103.003
    Latitude
    42.8315

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,767
    $20,625
    $187,450
    $208,075
    -
    $20,625
    $187,450
    $208,075

    Comparable in this City

    • Value Estimation by Request
      16.35 Acres

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    • Value Estimation by Request
      0.06 Acres

      155 Main St

      COMMERCIAL (GENERAL) • 0.06 Acres
      155 Main St, Chadron, NE 69337-2353
      View Details
    • Value Estimation by Request
      75,257 SF

      Chadron, NE 69337

      COMMERCIAL (GENERAL) • 75,257 SF
      Chadron, NE 69337
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    • Value Estimation by Request
      27,540 SF

      540 10th St

      COMMERCIAL (GENERAL) • 27,540 SF
      540 10th St, Chadron, NE 69337
      View Details
    • Value Estimation by Request
      2,950 SF

      217 2nd St

      COMMERCIAL (GENERAL) • 2,950 SF
      217 2nd St, Chadron, NE 69337-2336
      View Details
    • Value Estimation by Request
      2,500 SF

      205 2nd St

      COMMERCIAL (GENERAL) • 2,500 SF
      205 2nd St, Chadron, NE 69337-2336
      View Details

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    • Contact for pricing
      10,800 SF

      Downtown Chadron Commercial Space

      10,800 SF Flex Space, Prime Location
      248 2Nd St, Chadron, NE 69337
      View Details
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    248 2Nd St
    Chadron, NE 69337
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    Realmo Value Estimation

    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.

    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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