Technical
Financial
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Property profile

1308 13th St Norfolk, NE 68701

OFF-MARKET
Day care centers
Property ID
US57-0611926
4,000 SF 0.76 ac lot Built 1990
Individually Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This single-story, 4,000 square foot commercial building located at 1308 N 13th St, Norfolk, NE 68701, is offered for sale at $500,000. Built in 1990, the property is zoned 590238825 and currently operates as a daycare center, though its adaptable design makes it suitable for various office uses, including creative, medical, or traditional office spaces. The building features a built-in security system, a spacious kitchen area, and a large fenced-in yard. Fifteen parking spaces are available on-site. The property is well-maintained and meets all current daycare licensing requirements, presenting a seamless transition for a similar business or an opportunity to repurpose the space. The daycare business itself is also available for purchase separately, providing a potential turnkey operation. This property offers a unique blend of flexibility and security in a well-established location within Madison County, Nebraska. The building's versatile layout and ample outdoor space provide significant potential for a variety of commercial ventures. Serious inquiries are encouraged.

Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1990
Total area 4,000 SF
Lot 0.76 ac (33,070 SF)
Zoning code COMMERCIAL
APN 590238825
UPID US57-0611926

Cap rate & NOI

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

Location

1308 13th St Norfolk, NE 68701-2408
Norfolk metro Census 960700 NORFOLK, NE MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2011
1 recorded transaction
2011
$200,000

Zoning & alternative use

COMMERCIAL · Norfolk, 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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