2019 Krenzien Dr Norfolk, NE 68701
- Turn key restaurants
- 6,786 SF
- 0.91 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 2019 Krenzien Dr
- Year built
- 2017
- Lot size
- 0.91 lot acres
- Property size
- 6,786 SF
- Zone code
- COMMERCIAL
- Property type
- Turn key restaurants
- APN
- 590280027
- APU
- 590280027
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,085,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,125,000
- 6.5%
- $2,300,000
- 7%
- $2,005,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,975,000
- Geo Method
- $1,995,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,925,000
- Retail
- $2,175,000
- Mixed-Use
- $1,910,000
- Hospitality
- $2,170,000
- Educational
- $2,100,000
- Residential Income
- $2,255,000
- Energy
- $2,070,000
- Income-Based Land
- $2,095,000
- Food Service
- $2,025,000
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Madison
- State
- Nebraska
- Longitude
- -97.4377
- Latitude
- 42.0209
- CBSA code
- 35740
- CBSA name
- NORFOLK, NE MICROPOLITAN STATISTICAL AREA
