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

    118 Spruce St Ogallala, NE 69153-2551

    • Turn key restaurants
    • 5,392 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-1009011
    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

    • Turn key restaurants

    Property Details for 118 Spruce St

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.14 lot acres
    Property size
    5,392 SF
    Zone code
    03-COMMERCIAL
    Property type
    Turn key restaurants
    APN
    109100
    APU
    109100

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ogallala
    County
    Keith
    State
    Nebraska
    Longitude
    -101.719
    Latitude
    41.1252

    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
    $9,204
    $15,000
    $644,505
    $659,505
    -
    $15,000
    $644,505
    $659,505

    Comparable in this City

    • Value Estimation
      $325,000
      2,284 SF

      401 Stagecoach Trl

      RESTAURANT • 2,284 SF
      401 Stagecoach Trl, Ogallala, NE 69153-3117
      View Details
    • Value Estimation
      $245,000
      4,000 SF

      1108 Spruce St

      RESTAURANT • 4,000 SF
      1108 Spruce St, Ogallala, NE 69153-1204
      View Details
    • Value Estimation
      $210,000
      2,070 SF

      405 Ee St, Unit 1

      RESTAURANT • 2,070 SF
      405 Ee St, Ogallala, NE 69153
      View Details
    • Value Estimation
      $215,000
      7,389 SF

      302 1st St

      RESTAURANT • 7,389 SF
      302 1st St, Ogallala, NE 69153-2617
      View Details
    • Value Estimation
      $305,000
      7,435 SF

      55 Riv Rd

      RESTAURANT • 7,435 SF
      55 Riv Rd, Ogallala, NE 69153-3037
      View Details
    • Value Estimation
      $1,280,000
      6,270 SF

      203 Stagecoach Trl

      RESTAURANT • 6,270 SF
      203 Stagecoach Trl, Ogallala, NE 69153-3110
      View Details

    Similar Nearby for Sale

    • $425,000
      4,800 SF

      Ogallala Commercial Building with Drive-Up

      4,800 SF commercial building with flexible layout and drive-up window.
      603 E 2Nd St, Ogallala, NE 69153
      View Details
    • $1,925,000
      29,930 SF

      Ogallala Commercial Building

      Versatile Flex Space, Prime Location
      820 1St St, Ogallala, NE 69153
      View Details
    • $400,000
      2.85 Acres

      Ogallala Commercial Land - $400K

      Prime 2.85-acre commercial lot in Ogallala, NE.
      609 A St, Ogallala, NE 69153
      View Details
    • $400,000
      2.85 Acres

      Vacant Land Near Highway

      2.85 acres of land available near Highway 61.
      609 East A St South, Ogallala, NE 69153
      View Details
    • $195,000

      Waterfront Lot on Lake McConaughy

      Waterfront lot with lake access and well planned for 2025.
      16 K-1 Rd, Ogallala, NE 69153
      View Details
    • $1,657,500

      Ogallala Industrial Land - 19 Acres

      Prime Flex Space, I-80 Proximity
      A County Rd, Ogallala, NE 69153
      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.
    118 Spruce St
    Ogallala, NE 69153-2551
    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.