Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    116 Chestnut St Kimball, NE 69145-1257

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    116 Chestnut St Kimball, NE 69145-1257

    View on Map
    • Retail space
    • 6,975 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US57-0868085
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 116 Chestnut St

    Year built
    1920
    Construction
    CONCRETE BLOCKS
    Lot size
    0.16 lot acres
    Property size
    6,975 SF
    Zone code
    03-COMMERCIAL
    Property type
    Retail space
    APN
    530044730
    APU
    530044730

    Description

    This exceptional 13,950-square-foot retail storefront, situated in the heart of downtown Kimball, Nebraska, presents a remarkable investment opportunity. Built in 1920, this single-story building boasts a substantial 7,000-square-foot lot and offers immense potential for a variety of commercial uses. The main floor, encompassing 6,975 square feet, features a spacious showroom with attractive display windows, a large back storage room, two offices, a break room, and a restroom. The expansive 6,975-square-foot basement provides ample shelving and additional storage. The property is conveniently located across from Nebraska Coffee, near Kimball Bakery, and adjacent to a new restaurant, ensuring high visibility and foot traffic. Some new lighting has already been installed in the showroom, with additional fixtures available for the new owner. Priced at $68,000 ($4.87 per square foot), this property represents an exceptional value in a thriving downtown area. The building's size and prime location make it ideal for a wide range of businesses. Contact us to learn more or schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kimball
    County
    Kimball
    State
    Nebraska
    Longitude
    -103.663
    Latitude
    41.2376

    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
    $1,349
    $9,100
    $63,900
    $73,000
    -
    $9,100
    $63,900
    $73,000

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      121 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      121 Chestnut St, Kimball, NE 69145-1256
      View Details
    • Value Estimation by Request
      12,104 SF

      203 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 12,104 SF
      203 Walnut St, Kimball, NE 69145-1237
      View Details
    • Value Estimation by Request
      1,800 SF

      208 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      208 3rd St, Kimball, NE 69145-1402
      View Details
    • Value Estimation by Request
      3,040 SF

      205 Howard St

      RETAIL STORES (PERSONAL SERVICES) • 3,040 SF
      205 Howard St, Kimball, NE 69145-1260
      View Details
    • Value Estimation by Request
      12,566 SF

      709 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 12,566 SF
      709 3rd St, Kimball, NE 69145-1610
      View Details
    • Value Estimation by Request
      3,348 SF

      107 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 3,348 SF
      107 2nd St, Kimball, NE 69145-1208
      View Details

    Similar Nearby for Sale

    • $115,000

      Multi-Unit Commercial Building with Living

      Commercial building with units and single-wide living space.
      303 E 3Rd St, Kimball, NE 69145
      View Details
    • $850,000

      Profitable Gas Station & Convenience

      Gas station and convenience store with high income potential.
      1700 Highway 71 S, Kimball, NE 69145
      View Details
    • $45,000

      Kimball Storefront with Commercial Zoning

      Storefront property in Kimball, Nebraska, with commercial zoning and apartment.
      220 S Chestnut St, Kimball, NE 69145
      View Details
    • $450,000

      Turn-Key Restaurant, Lounge, and Event Center

      Premier Kimball, Nebraska restaurant, lounge, gaming, and event center.
      615 E 3Rd St, Kimball, NE 69145
      View Details
    • Contact for pricing
      2,500 SF

      Versatile Commercial Building in Kimball

      2,500 SF commercial building in Kimball, Nebraska.
      113 W 2Nd St, Kimball, NE 69145
      View Details
    • $696,000
      2.46 Acres

      Commercial Land in Kimball, NE

      Commercial land for sale in Kimball, Nebraska, near I-80.
      Oak St, Kimball, NE 69145
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    116 Chestnut St
    Kimball, NE 69145-1257
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!