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Property profile & analytics
OFF-MARKET Estimated value $2,090,000
Turn key restaurants

2019 Krenzien Dr Norfolk, NE 68701-4651

6,786 SF 0.91 ac lot Built 2017
Entity Owned 3-yr Hold Free & Clear
Property ID
US57-0712657
Property summary
AI-generated overview

This exceptional 1,592 square foot retail space, located at 2019 Krenzien Drive in Norfolk, Nebraska, presents a prime opportunity for businesses seeking high visibility and strong foot traffic. Situated on an outparcel lot in front of a major car dealership, this property benefits from its location on the main retail corridor, alongside national retailers such as Harbor Freight, Kohl's, Target, and Walmart. The space is part of a larger building, sharing the property with Buffalo Wild Wings, and offers over 1,000 square feet of prime storefront space, plus over 400 square feet dedicated to inventory and a break room. Built in 2017, this single-story building boasts excellent visibility from US-275, a major thoroughfare with over 18,000 vehicles passing daily. A prominent pylon sign ensures high visibility for your business. The property is located in Madison County, Nebraska, with a zip code of 68701. This space is ideal for national retailers or businesses seeking a high-impact location in a thriving retail environment. The total building size is 6,786 square feet, with 1,592 square feet currently vacant and available for lease. This is a street retail property with multiple tenancies.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2017
Total area 6,786 SF
Lot 0.91 ac (39,534 SF)
Zoning code COMMERCIAL
APN 590280027
UPID US57-0712657
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.09M
Owner & transaction history
Pbs Rentals LLC · 3 yrs held
Pbs Rentals LLC
since 2022
Last sale
$2.1M
4 recorded transactions
2022
Price N/A
2022
$2.1M
2017
$470,000
2006
Price N/A
Zoning & alternative use
COMMERCIAL · Norfolk, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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