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Property profile & analytics
OFF-MARKET Estimated value $275,000
Office buildings

301 Bailey Ave North Platte, NE 69101-4017

5,324 SF 0.1 ac lot Built 1973
Entity Owned Free & Clear
Property ID
US57-0709968
Property summary
AI-generated overview

This exceptional 5,179-square-foot executive office space presents a unique investment opportunity in the heart of North Platte, Nebraska. Situated on a prominent corner lot at 301 N Bailey Ave, this property boasts a highly desirable B-3 Downtown Commercial zoning designation. The building, constructed in 1973, features two stories, offering a versatile layout ideal for a variety of professional uses. The spacious interior includes a striking first-floor entryway and substantial office areas, complemented by a mezzanine level for additional functionality. The single-tenant occupancy provides flexibility and control. Ample parking is available with 20 spaces provided on the 13.068-acre lot (4,356 sq ft). The building's 5,179 square feet are currently vacant, ready for immediate occupancy. This Class C building offers a blend of character and potential, making it an attractive option for businesses seeking a prominent presence in North Platte's thriving downtown area. The property's location at the intersection of 2nd and Bailey avenues ensures high visibility and accessibility. This is a rare opportunity to acquire a substantial, well-located office space in a vibrant downtown setting.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Total area 5,324 SF
Lot 0.1 ac (4,356 SF)
Zoning code COMMERCIAL
APN 0004750.00
UPID US57-0709968
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
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k
Owner & transaction history
ERICSTAR PROPERTIES, LLC
ERICSTAR PROPERTIES, LLC
Zoning & alternative use
COMMERCIAL · North Platte, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source CHAPTER 156: ZONING
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