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    Property profile & analytics
    OFF-MARKET
    Retail space

    101 24th St, Kearney, NE 68847-5433

    1,651 SF 0.08 ac lot Built 1965
    Individually Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US57-0594425
    Property summary
    AI-generated overview

    This unique Kearney, Nebraska property offers a compelling investment opportunity. The main building, a 7,552 square foot, two-level medical office facility, boasts ADA accessibility, exam rooms, offices, ample administrative space, and multiple restrooms. Built circa 1903, this former church features a full brick exterior and is situated on a corner lot with 17 parking spaces and paved alley access. The property also includes a separate residential building, circa 1925, totaling 5,480 square feet, currently housing two income-generating apartments (a 2-bedroom/1-bath unit renting for $500/month and a 4-bedroom/3-bath unit renting for $1300/month, with owner-paid utilities). An additional 1,250 square foot garage provides laundry and common area for the residential units. The property is zoned CBD (Central Business District), located in Area #4 of the CRA, and is eligible for T.I.F. financing with approved projects. The asking price is $849,900. The property's strong maintenance history and versatile zoning offer significant conversion and value-add potential. Showings are available after business hours or on weekends with 24-hour notice. All square footage is approximate; prospective buyers should verify independently. The property includes two free-standing improvements on a 17,025 square foot lot. The current occupancy is 100%.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1965
    Construction CONCRETE
    Total area 1,651 SF
    Lot 0.08 ac (3,300 SF)
    Zoning code 03-COMMERCIAL
    APN 610001000
    UPID US57-0594425
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Keri H. Philpot, MD Physician
    • Johnson Beth Physician
    • Dr. Amie J. Jorgensen Physician
    • Dr. David H. Weir, M.D Physician
    • Contemporary Obstetrics & Gynecology, P.C. Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Randall Purdy · 9 yrs held
    Randall Purdy
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    03-COMMERCIAL · Kearney, NE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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