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    1882 Holly St Blair, NE 68008
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    Property profile & analytics

    1882 Holly St, Blair, NE 68008

    View on Map
    • Outlet malls
    • 85,657 SF
    • 12.09 lot acres
    For Sale
    $1,855,656
    View Listing →
    Development Ready Land Parcel For Sale
    $1,855,656
    3.55 Acres

    Development Ready Land Parcel

    3.55-acre lot with infrastructure in place.

    1882 Holly St, Blair, NE 68008
    View Listing
    Property ID
    US57-0285862
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walmart House Cleaning Services / Hardware & Home Improvement
    • Minute Key / Locksmith / (Bike/Boat/Book/etc) Store
    • Walmart Deli / Food Market / Restaurant
    • Walmart Pet Services / Kennel & Boarding Facility
    • Walmart Baby & Nursery Services / Social Service Agency / Community Center

    Property Details for 1882 Holly St

    Year built
    2011
    Lot size
    12.09 lot acres
    Zone code
    03-COMMERCIAL
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    890019558
    APU
    890019558

    Description

    This exceptional 1.14-acre commercial lot, located at 1882 Holly St in Blair, Nebraska (zip code 68008), presents a unique investment opportunity. Situated in Washington County, this property boasts excellent visibility and frontage on Highway 30, directly adjacent to a Walmart Supercenter. The lot's strategic placement at the entrance to the Walmart provides unparalleled access and exposure to a high volume of daily traffic. The property is zoned ACH (Agricultural/Business and Commercial District), allowing for a variety of uses including retail establishments, restaurants with drive-thru capabilities, and professional offices. While the lot will require replatting, its size (49,803 square feet) and prime location make it an ideal site for development. The coordinates are 41.52520061 latitude and -96.14379835 longitude. This property offers significant potential for businesses seeking high visibility and convenient access to a major retail anchor. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $16,640,000
      6.5%
      $15,360,000
      7%
      $14,260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,734,000
      Market price range: $4.39M - $13.0M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $8,535,000
      Current use
      OFFICE BUILDING
      $12,480,000
      Change: +46% Conversion: Easy
      RESTAURANT
      $8,500,000
      Change: -0% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Blair
    County
    Washington
    State
    Nebraska
    Longitude
    -96.1414
    Latitude
    41.5261
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN 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
    $155,157
    $1,316,600
    $8,645,820
    $9,962,420
    -
    $1,316,600
    $8,645,820
    $9,962,420

    Comparable in this City

    • Value Estimation
      $2,365,000
      14,300 SF

      1410 Hwy 30

      WHOLESALE OUTLET, DISCOUNT STORE
      1410 Hwy 30, Blair, NE 68008-2331
      View Details
    • Value Estimation
      $1,525,000
      15,305 SF

      1364 Washington St

      WHOLESALE OUTLET, DISCOUNT STORE
      1364 Washington St, Blair, NE 68008-1650
      View Details
    • Value Estimation
      $520,000
      3,750 SF

      650 19th St

      MINI-MALL
      650 19th St, Blair, NE 68008-1971
      View Details
    • Value Estimation by Request
      2,400 SF

      1129 Hwy 30

      MINI-MALL
      1129 Hwy 30, Blair, NE 68008-2325
      View Details
    • Value Estimation
      $505,000
      11,057 SF

      1523 Washington St

      FINANCIAL BUILDING
      1523 Washington St, Blair, NE 68008-1653
      View Details
    • Value Estimation
      $1,695,000
      29,295 SF

      1545 Hwy 30

      AUTO REPAIR, GARAGE
      1545 Hwy 30, Blair, NE 68008
      View Details

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    Similar Nearby for Lease

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      Retail space available in an active shopping center.
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      Historic Blair Central Office Space

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      Office and warehouse space available for lease in Blair, NE.
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      View Details
    • Contact for pricing
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      View Details
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    Blair, NE 68008
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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