102 Philip Ave North Platte, NE 69101-5537
Property profile & analytics
102 Philip Ave North Platte, NE 69101-5537
- Retail space
- 14,739 SF
- 1.56 lot acres
Property ID
US57-0616817
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.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Walgreens Pharmacy / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
- LibertyX Bitcoin ATM / Atm
Property Details for 102 Philip Ave
- Year built
- 2009
- Lot size
- 1.56 lot acres
- Property size
- 14,739 SF
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 0017495.60
- APU
- 1749560
Description
This exceptional investment opportunity presents a fee-simple, absolute NNN leased Walgreens in North Platte, Nebraska. The 14,812 square foot property, built in 2009 and situated on a 1.56-acre lot at 102 E Philip Ave (zip code 69101), boasts a strong 7.85% cap rate and a substantial NOI of $405,043. The lease with Walgreens, the only national chain drugstore within a 100-mile radius, extends until January 31, 2035, offering a remaining term of 10.2 years. The property benefits from its location near major transportation arteries (I-80, Hwy-30, Hwy-83), a large regional trade area, and proximity to significant developments such as the $75 million District 177 mixed-use project (including retail and residential components) across the street and the Great Plains Health Hospital (116 beds, 1,000+ employees, 183,000 monthly patient encounters) less than a mile away. Further enhancing the investment's appeal is its location near Union Pacific's Bailey Yard and the upcoming Sustainable Beef facility, projected to add 875 jobs. The property's high occupancy (100%) and exceptional sales history make it a compelling investment with significant long-term potential. The asking price is $5,159,783, translating to a price per square foot of $348.35.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $945,000 Current use
- MEDICAL BUILDING
- $1,190,000 Change: +26% Conversion: Difficult
- WAREHOUSE, STORAGE
- $955,000 Change: +1% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $940,000 Change: -0% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Platte
- County
- Lincoln
- State
- Nebraska
- Longitude
- -100.763
- Latitude
- 41.1257
- CBSA code
- 35820
- CBSA name
- NORTH PLATTE, NE MICROPOLITAN STATISTICAL AREA
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
$50,622
$840,830
$1,935,308
$2,776,138
-
$840,830
$1,935,308
$2,776,138
