Technical
Financial
Distress signals
Property profile

109 Philip Ave North Platte, NE 69101

OFF-MARKET
Automotive properties
Property ID
US57-0122197
2,400 SF 0.96 ac lot Built 2003
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Location

109 Philip Ave North Platte, NE 69101-6056
North Platte metro Census 960300 NORTH PLATTE, NE MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$105k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2021
Last sale
$1,960
1 recorded transaction
2021
$869,000

Zoning & alternative use

COMMERCIAL · North Platte, 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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