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    3128 St Andrews Cir Grand Island, NE 68803
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    3128 St Andrews Cir Grand Island, NE 68803

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    • Land
    For Sale
    $58,500
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    Land at Indianhead Golf Club For Sale
    $58,500

    Land at Indianhead Golf Club

    Land for sale in Grand Island's Indianhead Golf Club.

    3128 St Andrews Cir, Grand Island, NE 68803
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    Property ID
    US57-0340420
    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

    • Land

    Property Details for 3128 St Andrews Cir

    Property type
    Land

    Description

    Great Subdivision at Indianhead Golf Club. High & Dry. Covenants must be acknowledged on P.A. Superfund Disclosure required with P.A.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Island
    County
    Hall
    State
    Nebraska
    Longitude
    -98.411402
    Latitude
    40.892164

    Comparable in this City

    • Contact for pricing

      Land at Indianhead Golf Club

      Land for sale at Indianhead Golf Club, Grand Island.
      3110 St Andrews Cir, Grand Island, NE 68803
      View Details
    • Contact for pricing

      3487 Innate Lane, Grand Island, NE 68803

      Commercial land
      3487 Innate Ln, Grand Island, NE 68803
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      Prime Commercial Lots For Sale

      Four commercial lots in a vibrant new development.
      3555 Innate Ln, Grand Island, NE 68803
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    • $62,000

      Residential Land in Grand Island

      Land available in Millennial Estates, close to amenities.
      1524 Sagewood Ave, Grand Island, NE 68803
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    • $58,500

      Residential Lot in Fairway Crossings

      Residential lot at Indianhead Golf Course, Grand Island, Nebraska.
      3134 St Andrews Cir, Grand Island, NE 68803
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    Similar Nearby for Sale

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      Land at Indianhead Golf Club

      Land for sale at Indianhead Golf Club, Grand Island.
      3110 St Andrews Cir, Grand Island, NE 68803
      View Details
    • Contact for pricing

      3487 Innate Lane, Grand Island, NE 68803

      Commercial land
      3487 Innate Ln, Grand Island, NE 68803
      View Details
    • Contact for pricing

      Prime Commercial Lots For Sale

      Four commercial lots in a vibrant new development.
      3555 Innate Ln, Grand Island, NE 68803
      View Details
    • $62,000

      Residential Land in Grand Island

      Land available in Millennial Estates, close to amenities.
      1524 Sagewood Ave, Grand Island, NE 68803
      View Details
    • $58,500

      Residential Lot in Fairway Crossings

      Residential lot at Indianhead Golf Course, Grand Island, Nebraska.
      3134 St Andrews Cir, Grand Island, NE 68803
      View Details

    Similar Nearby for Lease

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      Grand Island Mixed-Use Development

      Pad sites available for ground lease in mixed-use development.
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      Revitalized Shopping Destination in Nebraska

      Thriving retail hub anchored by national and regional retailers.
      2230 N Webb Rd, Grand Island, NE 68803
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      Grand Island Landmark Office Property

      Landmark office property with fitness center and conference facilities.
      2121 N Webb Rd, Grand Island, NE 68803
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      Retail Building Near I-80 Exchange

      Stand-alone retail building near I-80, close to hotels and amenities.
      7838 Us Highway 281, Grand Island, NE 68803
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      4,992 SF

      Retail Spaces in Growing Center

      Retail spaces available in Grand Island's Northwest Crossing.
      3412-3430 W State St, Grand Island, NE 68803
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    • $17 SF/Yr
      3,344 SF

      Medical Office Space For Rent

      Recently renovated medical office space near CHI Health St. Francis.
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    View Listing
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    3128 St Andrews Cir
    Grand Island, NE 68803
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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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