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    3620 23Rd St Columbus, NE 68601
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    3620 23Rd St Columbus, NE 68601

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    • Outlet malls
    • 120,392 SF
    For Sale
    $4,950,000
    View Listing →
    Columbus Retail Property for Sale For Sale
    $4,950,000
    58,577 SF

    Columbus Retail Property for Sale

    Retail property available for purchase in Columbus, Nebraska.

    3620 23rd St, Columbus, NE
    View Listing
    Property ID
    US57-0908030
    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

    • Omaha Fast Roofers LLC / Roofing Company / General Contractor
    • ALLO Fiber Columbus / Telecommunications Service

    Property Details for 3620 23Rd St

    Year built
    1991
    Property size
    120,392 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    710109305
    APU
    710109305

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,456,000
      Market price range: $4.88M - $16.3M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $10,455,000
      Current use
      RESTAURANT
      $13,720,000
      Change: +31% Conversion: Easy
      OFFICE BUILDING
      $12,035,000
      Change: +15% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,885,000
      Change: -15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,680,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Platte
    State
    Nebraska
    Longitude
    -97.3734
    Latitude
    41.44
    CBSA code
    18100
    CBSA name
    COLUMBUS, 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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,560,000
      39,676 SF

      4000 23rd St

      WHOLESALE OUTLET, DISCOUNT STORE • 39,676 SF
      4000 23rd St, Columbus, NE 68601-8502
      View Details
    • Value Estimation
      $7,525,000
      161,640 SF

      340 23rd St

      WHOLESALE OUTLET, DISCOUNT STORE • 161,640 SF
      340 23rd St, Columbus, NE 68601
      View Details
    • Value Estimation
      $1,075,000
      20,763 SF

      1460 33rd Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 20,763 SF
      1460 33rd Ave, Columbus, NE 68601-4846
      View Details
    • Value Estimation
      $2,795,000
      60,388 SF

      3614 23rd St, Unit 1

      WHOLESALE OUTLET, DISCOUNT STORE • 60,388 SF
      3614 23rd St, Columbus, NE 68601-3021
      View Details
    • Value Estimation by Request
      14,400 SF

      4320 Howard Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 14,400 SF
      4320 Howard Blvd, Columbus, NE 68601-4033
      View Details
    • Value Estimation by Request
      16,800 SF

      1012 23rd St

      MINI-MALL • 16,800 SF
      1012 23rd St, Columbus, NE 68601-3867
      View Details

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      Geno's Minnow Mart Real Estate

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      High-Traffic Corner Commercial Opportunity

      Highly visible corner property on Highways 30 & 81.
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      Downtown Building with Prime Location

      Downtown building with prime location offering endless possibilities.
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    • Contact for pricing
      58,577 SF

      Columbus Retail Property for Sale

      Retail property available for purchase in Columbus, Nebraska.
      3620 23Rd St, Columbus, NE 68601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Building with Flexible Spaces

      High-visibility commercial space with shared amenities and furnished options.
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      1,200 SF

      Retail Space in Columbus, Nebraska

      Retail space available for lease in Columbus, Nebraska.
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      View Details
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      Retail/Office Space Available For Rent

      Flexible retail or office space in high-traffic Columbus center.
      2460 E 1St Ave, Columbus, NE 68601
      View Details
    • $1,600 /Mo

      Office Space in Columbus, NE

      Office space available for lease in Columbus, Nebraska.
      3154 18Th Ave, Columbus, NE 68601
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    • $2,475,000

      Richland Commercial Property for Lease

      Commercial property with highway access, multiple buildings, and tenant.
      295 Road, Richland, NE 68601
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    • Contact for pricing
      1 SF

      Commercial Land Near US-30

      Commercial land for rent with high traffic and visibility.
      818 E 23Rd St, Columbus, NE 68601
      View Details
    View Listing
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    Columbus, NE 68601
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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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