1015 Magnet Dr Norfolk, NE 68701
For Sale
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This exceptional 105.96-acre industrial property in Norfolk, Nebraska, presents a unique development opportunity. Located at 1015 Magnet Drive (APN 590163825), this parcel is zoned I-3 and boasts extensive pre-development groundwork, including completed grading. Utilities are readily available, featuring gas service from Black Hills Energy, electrical service from NPPD, and water and sewer services provided by the City of Norfolk. The property benefits from a rail siding served by the Nebraska Central Railroad, ensuring efficient transportation logistics. Its strategic location provides easy access to Highways 81 and 275, enhancing connectivity and distribution capabilities. Furthermore, this site is conveniently situated just six miles from the Norfolk Regional Airport, offering additional logistical advantages. The property is eligible for Tax Increment Financing (TIF), making it a financially attractive proposition. This expansive tract represents a significant opportunity for industrial development in a well-established and accessible location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
INDUSTRIAL · Norfolk, NENorfolk. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.