Property profile

1300 Monroe Ave Norfolk, NE 68701

OFF-MARKET
Grocery and convenience stores
Property ID
US57-1006780
10,094 SF 8.13 ac lot Built 2016
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2016
Total area 10,094 SF
Lot 8.13 ac (354,143 SF)
Zoning code COMMERCIAL
APN 590174320
UPID US57-1006780

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Parking Lot & Garage Gas Station
  • Parking Lot & Garage Gas Station

Location

1300 Monroe Ave Norfolk, NE 68701-6604
Norfolk metro Census 961100 NORFOLK, NE MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$630k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$865k

Owner & transaction history

Zoning & alternative use

COMMERCIAL · Norfolk, NE
Top alternative use upside
Apartment house (5+ units) $1.1M +141.6%
Office building $1.1M +140.0%
Restaurant $1.0M +112.8%

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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