Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    117 Thayer St Spencer, NE 68777-9784

    • Commercial real estate
    • 1,752 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-0738255
    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.

    Current Use by Public Records

    • Huffy's Airport Windsocks Inc / Aircraft Supply Store

    Property Details for 117 Thayer St

    Year built
    1950
    Construction
    CONCRETE BLOCKS
    Lot size
    0.08 lot acres
    Property size
    1,752 SF
    Zone code
    03-COMMERCIAL
    Property type
    Commercial real estate
    APN
    100105900
    APU
    100105900

    Description

    This exceptional commercial property, located at 117 S Thayer Street in Spencer, Nebraska, 68777, presents a unique investment opportunity. Priced at $40,000, this 1,752 square foot building sits on a prime commercial lot along Highway 281, ensuring high visibility and consistent traffic flow. The property's strategic location guarantees a steady stream of potential customers, making it ideal for a variety of businesses. The building itself offers versatile interior space, easily adaptable to various business needs. The layout includes a main room measuring approximately 58'3" x 23'4", an office space of roughly 8'11" x 15'10", and a back shed measuring approximately 24'3" x 13'. Large windows provide ample natural light, creating a welcoming atmosphere. The well-maintained exterior enhances curb appeal. Annual property taxes are approximately $125.38 (2023). This property offers significant potential for entrepreneurs seeking a high-visibility location in a thriving community. Don't miss this chance to establish your business in a prime commercial spot. The property is ready for immediate occupancy and customization to suit your specific business requirements. Contact us today to schedule a viewing.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Boyd
    State
    Nebraska
    Longitude
    -98.7018
    Latitude
    42.8732

    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
    $125
    $875
    $7,170
    $8,045
    -
    $875
    $7,170
    $8,045

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      450 Hillcrest Blvd

      COMMERCIAL (GENERAL) • 2,400 SF
      450 Hillcrest Blvd, Spencer, NE 68777
      View Details
    • Value Estimation by Request
      2,928 SF

      Spencer, NE 68777

      COMMERCIAL (GENERAL) • 2,928 SF
      Spencer, NE 68777
      View Details
    • Value Estimation by Request
      4,000 SF

      Spencer, NE 68777

      COMMERCIAL (GENERAL) • 4,000 SF
      Spencer, NE 68777
      View Details
    • Value Estimation by Request
      4,800 SF

      Spencer, NE 68777

      COMMERCIAL (GENERAL) • 4,800 SF
      Spencer, NE 68777
      View Details
    • Value Estimation by Request
      4,000 SF

      Spencer, NE 68777

      COMMERCIAL (GENERAL) • 4,000 SF
      Spencer, NE 68777
      View Details
    • Value Estimation by Request
      4,000 SF

      Spencer, NE 68777

      COMMERCIAL (GENERAL) • 4,000 SF
      Spencer, NE 68777
      View Details

    Similar Nearby for Sale

    • $550,000

      Spencer, NE Lodge - Turnkey Business

      18-Room Lodge, Prime Location
      406 Vinton St, Spencer, NE 68777
      View Details
    • $1,900,000
      1,344 SF

      Nebraska Farm and Ranch Estate

      206.35 acre farm and ranch property in Spencer, Nebraska.
      49061 894Th Rd, Spencer, NE 68777
      View Details
    • $400,000
      20.91 Acres

      Spacious Farm Estate with Creek

      Five-bedroom home on 20.91 acres with multiple outbuildings.
      89841 489Th Ave, Spencer, NE 68777
      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.
    117 Thayer St
    Spencer, NE 68777-9784
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.