Property profile & analytics
300 3rd Ave Kearney, NE 68845-7813
- Commercial real estate
- 19,512 SF
- 7.91 lot acres
OFF-MARKET
Value Estimations
$2,860,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US57-0591757
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
- Kearney Cinema 8 / Cinema / Theater & Performing Art Venue
Property Details for 300 3rd Ave
- Year built
- 2007
- Construction
- CONCRETE
- Lot size
- 7.91 lot acres
- Property size
- 19,512 SF
- Zone code
- 03-COMMERCIAL
- Property type
- Commercial real estate
- APN
- 600056000
- APU
- 600056000
Description
This exceptional 26,254-square-foot retail property, located at 300 3rd Ave in Kearney, Nebraska, is offered at $4,900,000. Built in 2007, this commercial space boasts a desirable location along 3rd Avenue, providing excellent visibility and convenient access to Interstate 80. The property sits on a generous 7.91-acre lot and features ample parking, with a ratio of 12.25 spaces per 1,000 square feet. Currently configured as a turnkey movie theater, complete with furniture, fixtures, and equipment, the space offers flat concrete floors throughout, making it highly adaptable for a variety of retail or industrial uses. The property's zoning is designated as Commercial. Recent capital improvements, completed in 2022, include a new roof and HVAC units, ensuring efficient and cost-effective operation for the new owner. This presents a unique opportunity to acquire a well-maintained, versatile commercial property in a thriving Nebraska community. The price per square foot is $186.64. The property is located in Buffalo County, Nebraska, zip code 68845.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,365,000
- 6.5%
- $3,105,000
- 7%
- $2,885,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,608,000
Market price range: $1.25M - $2.92M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,085,000 Current use
- RESTAURANT
- $2,460,000 Change: +18% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,320,000 Change: +11% Conversion: Difficult
- RETAIL STORES
- $1,780,000 Change: -15% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kearney
- County
- Buffalo
- State
- Nebraska
- Longitude
- -99.0874
- Latitude
- 40.6764
- CBSA code
- 28260
- CBSA name
- KEARNEY, NE MICROPOLITAN 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
$35,383
$583,650
$1,495,340
$2,078,990
-
$583,650
$1,495,340
$2,078,990
