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Property profile & analytics
OFF-MARKET
Day care centers

1308 13th St Norfolk, NE 68701-2408

4,000 SF 0.76 ac lot Built 1990
Individually Owned 15-yr Hold ~ Est. High Equity
Property ID
US57-0611926
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Michael B Auten · 15 yrs held
Michael B Auten
since 2011
1 recorded transaction
2011
$200,000
Zoning & alternative use
COMMERCIAL · Norfolk, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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