Back to Search
Property profile & analytics
FOR SALE
Manufacturing properties
1806 West A St Hastings, NE 68901
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US57-0803557
For Sale
1 / 49
$1,100,000
1806 West A St, Hastings, NE 68901
View Listing →
Property summary
AI-generated overview
This exceptional single-tenant industrial property, encompassing 5,000 square feet of manufacturing space, is ideally situated on a 6-acre lot (28,800 square feet). Constructed in 2005 and renovated the same year, the building boasts a 12-foot ceiling height and a 132-foot frontage. Currently occupied by Universal Hydraulics, the property will become available for lease on December 1, 2024. The building features a single story and is zoned for commercial use. While there are no loading docks or drive-ins, the property's ample land area and 3-phase power supply offer significant potential for expansion and customization to suit a variety of manufacturing needs. The property presents a unique opportunity for businesses seeking a well-maintained, strategically located industrial space with significant room for growth. The substantial vacant land surrounding the existing building provides ample space for future expansion or outdoor storage. This property is perfect for a company looking to establish or expand its manufacturing operations in a convenient and functional setting. The property's single-tenant history suggests a stable and reliable occupancy history. The 2005 construction and renovation ensure modern amenities and efficient operations.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Total area
5,000 SF
Lot
0.66 ac (28,800 SF)
Zoning code
COMMERCIAL
APN
10007967
UPID
US57-0803557
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
Current use
Occupant on record · Public records
-
Universal Hydraulics General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Kenneth Johnson · 3 yrs held
Kenneth Johnson
since 2022
Last sale
$695,000
5 recorded transactions
Zoning & alternative use
COMMERCIAL · Hastings, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$625,000
+166.5%
Commercial (general)
$615,000
+161.1%
Restaurant
$520,000
+120.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$690,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Change: +166% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: +161% · Conversion: Difficult
RESTAURANT
$520,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$490,000
Change: +108% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $695k (Oct 17 2022)
Last sale anchor
$695k
Oct 17 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,762
Tax year 2023
Assessed value
$279,263
Assessed 2023
Previous assessed
$279,263
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$52,120
Assessed improvement
$227,143
Land market value
$52,120
Improvement market value
$227,143
Total market value
$279,263
Applied tax rate
284.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
2005
Stories
1
Total area
5,000 SF
Lot
0.66 ac (28,800 SF)
Zoning code
COMMERCIAL
APN
10007967
UPID
US57-0803557
Jurisdiction
ADAMS
Zoning & alternative use
COMMERCIAL · Hastings, NE
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Hastings, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$615,000
RESTAURANT
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$490,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Kenneth Johnson
Individual
Mailing address
816 26TH RD, AXTELL, NE 68924-2416
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
—
Kenneth Johnson
—
Deed
related
$189,000 · Exchange Bank
Oct 17, 2022
$695,000
Kenneth Johnson
J Farris INC
Warranty Deed
—
Nov 8, 2021
—
J Farris INC
—
Deed
related
—
Oct 28, 2014
—
Universal Hydraulics INC
Kimberly M Farris
Quit Claim Deed
related
—
Dec 11, 2012
$132,000
Universal Hydraulics INC
Philip F Werner JR
Warranty Deed
$215,908 · Exchange Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
