Property profile

101 24th St Kearney, NE 68847

OFF-MARKET
Retail space
Property ID
US57-0594425
1,651 SF 0.08 ac lot Built 1965
Individually Owned 9-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Medical Clinic

Location

101 24th St Kearney, NE 68847-5433
Kearney metro Census 969500 KEARNEY, NE MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$140k

Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

Zoning & alternative use

03-COMMERCIAL · Kearney, NE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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