1317 W Norfolk Ave Norfolk, NE 68701
For Sale
This exceptional 1.05-acre commercial land parcel, located at 1317 W. Norfolk Ave in Norfolk, Nebraska (zip code 68701), presents a remarkable investment opportunity. Zoned CC, this property boasts unparalleled visibility and accessibility, situated at the intersection of W. Norfolk Avenue and N. 13th Street. The high-traffic location benefits from an estimated 28,000 vehicles passing daily, ensuring significant exposure for any commercial venture. Its strategic position places it within minutes of major retailers including CVS, Walgreens, Hy-Vee, Menards, Walmart, Kohl's, and BankFirst, guaranteeing a robust customer base. This prime location in the heart of Norfolk offers exceptional potential for a variety of commercial uses, from small office spaces to kiosks, making it an ideal investment for entrepreneurs and businesses seeking a high-visibility presence in a thriving community. The asking price for this exceptional property is $115,000. Don't miss this chance to secure a piece of Norfolk's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · Norfolk, NECosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.