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    Property profile & analytics

    1600 1St St Norfolk, NE 68701

    • Office buildings
    • 4,264 SF
    • 0.18 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US57-0867284
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1600 1St St

    Year built
    1940
    Lot size
    0.18 lot acres
    Property size
    4,264 SF
    Zone code
    COMMERCIAL
    Property type
    Office buildings
    APN
    590073818
    APU
    590073818

    Description

    This exceptional 1.59-acre property, located at 1600 S 1st St in Norfolk, Nebraska (zip code 68701), presents a unique investment opportunity. Comprising five combined parcels, this land offers excellent accessibility, situated just a quarter-mile south of US Highway 275. This strategic location provides convenient access to Norfolk and its surrounding communities, making it ideal for a variety of commercial and industrial uses. The property's versatility allows for significant development potential, catering to businesses seeking a strategic location for growth. The site's adaptability makes it suitable for owner-users looking to establish their operations in a well-connected area. Note that the adjacent Norfolk Livestock Auction Land is also available for purchase, offering potential for expansion or synergistic development. This offering represents a compelling chance to secure a substantial land parcel in a thriving Nebraska community. The property's location and size make it an attractive option for businesses seeking a prominent presence in the Norfolk area. Detailed site plans and zoning information are available upon request.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Madison
    State
    Nebraska
    Longitude
    -97.4074
    Latitude
    42.0144
    CBSA code
    35740
    CBSA name
    NORFOLK, NE MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,448
    $15,600
    $62,745
    $78,345
    -
    $15,600
    $62,745
    $78,345

    Comparable in this City

    • Value Estimation by Request
      9,156 SF

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    • Value Estimation by Request
      8,536 SF

      100 Benjamin Ave

      OFFICE BUILDING • 8,536 SF
      100 Benjamin Ave, Norfolk, NE 68701-2913
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    • Value Estimation by Request
      960 SF

      108 13th St

      OFFICE BUILDING • 960 SF
      108 13th St, Norfolk, NE 68701-4961
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    • Value Estimation
      $420,000
      1,960 SF

      1004 Norfolk Ave

      OFFICE BUILDING • 1,960 SF
      1004 Norfolk Ave, Norfolk, NE 68701-5058
      View Details
    • Value Estimation
      $255,000
      2,493 SF

      110 37th St Ste, Unit 403

      OFFICE BUILDING • 2,493 SF
      110 37th St Ste, Norfolk, NE 68701-3283
      View Details
    • Value Estimation
      $510,000
      1,440 SF

      211 3rd St

      OFFICE BUILDING • 1,440 SF
      211 3rd St, Norfolk, NE 68701-5203
      View Details

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      Norfolk Industrial Land - 1.59 Acres

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    Similar Nearby for Lease

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      Class A retail or medical building with unbeatable visibility.
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    1600 1St St
    Norfolk, NE 68701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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