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Property profile & analytics
FOR SALE
Commercial land

1015 Magnet Dr Norfolk, NE 68701

105.96 ac lot
Entity Owned 7-yr Hold Free & Clear
Property ID
US57-0806524
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 105.96 ac (4,615,618 SF)
Zoning code INDUSTRIAL
APN 590163825
UPID US57-0806524
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
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
V 150 LLC · 7 yrs held
V 150 LLC
since 2018
2 recorded transactions
2018
Price N/A
2007
$500,000
Zoning & alternative use
INDUSTRIAL · Norfolk, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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