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1403 19th St Auburn, NE 68305-2350

OFF-MARKET Retail space Google Maps
4,000 SF 0.05 ac lot Built 1900
Individually Owned 14-yr Hold Free & Clear
Estimated value (blended)
$220k
Range $198k – $242k (±10%)
Property ID US57-0827123

Property summary

AI-generated overview

This 0.05-acre commercial lot at 1403 19th Street in Auburn, Nebraska, presents a unique investment opportunity. Priced at $140,000, the property offers significant potential for diverse uses. While currently featuring a combined commercial/residential structure, the existing buildings offer flexibility for redevelopment or repurposing. The existing structure includes a one-bedroom, one-bathroom apartment with laundry facilities, a mechanical room, and substantial storage space. A lower level provides a large open area with field turf flooring, a half-bath, and an attached garage. A full, unfinished basement offers additional storage with concrete flooring and full ceiling height. The property's location in Auburn, NE, zip code 68305, provides convenient access to local amenities and infrastructure. Annual property taxes are $1,231. This versatile property is ideal for entrepreneurs seeking a prime location to establish a business or for investors looking for a promising redevelopment project. The existing structures could be renovated, repurposed, or removed to accommodate a new construction project. Serious inquiries only.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 4,000 SF
Lot 0.05 ac (2,178 SF)
Zoning code COMMERCIAL
APN 640035361
UPID US57-0827123

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
  • Gym & Fitness Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Zoning & alternative use

COMMERCIAL · Auburn, 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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