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1102 4th Corso Nebraska City, NE 68410-2716

OFF-MARKET Turn key restaurants Google Maps
5,464 SF 0.26 ac lot Built 1972
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$280k
Range $252k – $308k (±10%)
Property ID US57-0745435

Property summary

AI-generated overview

This exceptional commercial property in Nebraska City, NE, presents a unique investment opportunity. Located at 1102 4th Corso, this property boasts a prime location at the intersection of business Highway 75 and NE Highway 2, placing it in the heart of town and adjacent to a Walgreens pharmacy. The offering includes a 5,464 square foot main level building, complemented by a 3,840 square foot basement, all situated on a sizable lot ranging from 35,000 to 38,000 square feet. Constructed in 1972, the building features a block/brick/frame construction. Ample parking is provided by two lots located in front and in a lower parking area. Adding to the value, two small rental houses are included in the sale. The property is zoned for commercial use and has a remaining lease term of one year. This half-city block presents significant development potential, ideal for a variety of retail or office uses. The property's high visibility and convenient location make it an attractive investment for discerning buyers. Additional adjoining lots may be available. Contact the seller for pricing and further details.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1972
Total area 5,464 SF
Lot 0.26 ac (11,326 SF)
Zoning code COMMERCIAL
APN 3150000
UPID US57-0745435

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Zoning & alternative use

COMMERCIAL · Nebraska City, 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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