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    Property profile & analytics

    320 Meridian Ave Cozad, NE 69130-9704

    • Drive through restaurants
    • 1,872 SF
    OFF-MARKET
    Value Estimation
    $515,000
    Last Sale
    Sep 19, 2022
    $500,000
    Location Intelligence
    Property ID
    US57-0588711
    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

    • Dairy Queen Grill & Chill / Fast Food Restaurant / Ice Cream Shop

    Property Details for 320 Meridian Ave

    Year built
    1969
    Property size
    1,872 SF
    Zone code
    03-COMMERCIAL
    Property type
    Drive through restaurants
    APN
    240105672
    APU
    240105672

    Description

    This exceptional commercial property, located at 320 S Meridian Avenue in Cozad, Nebraska (zip code 69130), presents a unique investment opportunity. Situated on a 27,125 square foot lot, this well-maintained site boasts 2,256 square feet of building space and is ideally positioned just off I-80 in the Cozad business district on Highway 21, ensuring high visibility and traffic. The property features a convenient drive-thru, ample paved parking for customer ease, and recent exterior and paving upgrades, making it move-in ready. Its prominent location allows for effective pole signage, attracting both local customers and travelers along the highway. This turnkey property offers strong branding potential and is suitable for a variety of commercial ventures, making it an attractive option for investors seeking a high-traffic location in a thriving Nebraska community. The property is zoned for commercial use and is available for $324,900. This is a rare opportunity to acquire a well-established commercial property in a prime location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $535,000
      6.5%
      $525,000
      7%
      $510,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $620,000
      Geo Method
      $565,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $550,000
      Retail
      $495,000
      Mixed-Use
      $550,000
      Hospitality
      $515,000
      Educational
      $530,000
      Residential Income
      $495,000
      Energy
      $605,000
      Income-Based Land
      $575,000
      Food Service
      $495,000

    Location Insight

    • Map
    • Local Demand
    City
    Cozad
    County
    Dawson
    State
    Nebraska
    Longitude
    -99.9854
    Latitude
    40.8506
    CBSA code
    30420
    CBSA name
    LEXINGTON, 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
    $7,899
    $77,280
    $288,455
    $365,735
    -
    $77,280
    $288,455
    $365,735

    Comparable in this City

    • Value Estimation
      $440,000
      2,736 SF

      805 Meridian Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,736 SF
      805 Meridian Ave, Cozad, NE 69130-2726
      View Details
    • Value Estimation
      $290,000
      2,428 SF

      107 Monroe St, Unit 21

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,428 SF
      107 Monroe St, Cozad, NE 69130-2402
      View Details
    • Value Estimation
      $255,000
      1,450 SF

      114 Meridian Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,450 SF
      114 Meridian Ave, Cozad, NE 69130
      View Details
    • Value Estimation by Request
      7,800 SF

      207 9th St

      BAR, TAVERN • 7,800 SF
      207 9th St, Cozad, NE 69130-1838
      View Details
    • Value Estimation by Request
      3,150 SF

      132 8th St

      RESTAURANT • 3,150 SF
      132 8th St, Cozad, NE 69130-1728
      View Details
    • Value Estimation by Request
      2,258 SF

      128 8th St

      RESTAURANT • 2,258 SF
      128 8th St, Cozad, NE 69130-1728
      View Details

    Similar Nearby for Sale

    • $145,000
      2,382 SF

      Downtown Commercial Building in Cozad

      Move-in ready storefront in downtown Cozad, close to local businesses.
      108 E 8Th St, Cozad, NE 69130
      View Details
    • $1,200,000
      154.62 Acres

      Productive Farmland in Platte Valley

      154.62 acre farm with irrigation in central Nebraska.
      0000 Road 761, Cozad, NE 69130
      View Details
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    Cozad, NE 69130-9704
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    Realmo Value Estimation

    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.

    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.

    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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