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Property profile & analytics
OFF-MARKET
Automotive properties

109 Philip Ave North Platte, NE 69101-6056

2,400 SF 0.96 ac lot Built 2003
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US57-0122197
Property summary
AI-generated overview

This exceptional mixed-use property, located at 109 W. Philip Ave, North Platte, NE 69101, presents a compelling investment opportunity. Situated on a prominent 0.96-acre corner lot at the intersection of Jeffers Street and Highway 83, this Class A building offers unparalleled visibility with 186 feet of highway frontage. The 2,400 square foot building, constructed in 2003, is currently vacant and zoned B-2 Highway Commercial, allowing for a wide range of uses. The versatile layout includes a 1,500 square foot office area with open retail space, two private offices, and restrooms. A 900 square foot shop area features three overhead doors, shop heaters, and a floor drain, ideal for various businesses. The property also includes a digital billboard, maximizing exposure to the high daily traffic volume of 10,100 vehicles on Jeffers Street. This prime location, combined with the building's flexible design and prominent signage, makes this an exceptional opportunity for a savvy investor seeking high visibility and strong potential for return. The asking price is $1,090,000.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2003
Total area 2,400 SF
Lot 0.96 ac (41,739 SF)
Zoning code COMMERCIAL
APN 0037585.04
UPID US57-0122197
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
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
21st Century Magi LLC · 4 yrs held
21st Century Magi LLC
since 2021
Last sale
$1,960
1 recorded transaction
2021
$869,000
Zoning & alternative use
COMMERCIAL · North Platte, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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