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    Property profile & analytics

    1617 Central Ave Auburn, NE 68305

    • Turn key restaurants
    • 8,086 SF
    • 1.97 lot acres
    For Sale
    View listing
    $325,000
    Value Estimation
    Location Intelligence
    Property ID
    US57-1010525
    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

    • Arbor Manor Steakhouse and Motel / Steak House / Hotel
    • Arbor Manor Steakhouse & Lounge / Steak House

    Property Details for 1617 Central Ave

    Year built
    1901
    Lot size
    1.97 lot acres
    Property size
    8,086 SF
    Zone code
    COMMERCIAL
    Property type
    Turn key restaurants
    APN
    640036902
    APU
    640036902

    Description

    This exceptional 1.97-acre commercial land parcel is strategically located at 1617 Central Ave in Auburn, Nebraska, zip code 68305. Situated along Highway 136, this property presents a unique investment opportunity. Currently improved with a turnkey restaurant, Arbor Manor Steakhouse, the property boasts a fully equipped kitchen, a well-appointed bar area, formal dining space, an inviting outdoor gazebo, and a dedicated conference room. The versatile layout makes it suitable for a variety of uses, catering to both dining and event needs. Recent upgrades include a newly renovated front porch, providing a comfortable and attractive seating area. The property's high visibility and convenient location ensure significant exposure to potential customers. The asking price for this prime commercial land is $325,000. This presents a rare chance to acquire a well-established business property with significant growth potential in a thriving Nebraska community. The property's size and existing infrastructure offer a solid foundation for continued success or redevelopment. Serious inquiries are encouraged.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Nemaha
    State
    Nebraska
    Longitude
    -95.8473
    Latitude
    40.3923

    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
    $4,206
    $39,788
    $176,648
    $216,436
    -
    $39,788
    $176,648
    $216,436

    Comparable in this City

    • Value Estimation by Request
      2,944 SF

      914 Central Ave

      RESTAURANT • 2,944 SF
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      1,971 SF

      912 Central Ave

      RESTAURANT • 1,971 SF
      912 Central Ave, Auburn, NE 68305
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      $75,000
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      1300 Courthouse Ave

      RESTAURANT • 8,078 SF
      1300 Courthouse Ave, Auburn, NE 68305-1935
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      520 J St

      RESTAURANT • 4,102 SF
      520 J St, Auburn, NE 68305-1118
      View Details
    • Value Estimation
      $95,000
      6,000 SF

      901 Central Ave

      RESTAURANT • 6,000 SF
      901 Central Ave, Auburn, NE 68305-1617
      View Details
    • Value Estimation
      $270,000
      7,576 SF

      1905 J St

      RESTAURANT • 7,576 SF
      1905 J St, Auburn, NE 68305-2302
      View Details

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    Similar Nearby for Lease

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    1617 Central Ave
    Auburn, NE 68305
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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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