Technical
Financial
Distress signals
Property profile

406 Locust Ave Plainview, NE 68769

OFF-MARKET
Medical Office Space
Property ID
US57-0746066
1,750 SF 0.06 ac lot Built 1900
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is an extensively updated, single-story commercial building designed for medical and professional uses. It is set on a 25' x 100' lot in the downtown business district of Plainview, Nebraska, with rear alley access. The facility features central air conditioning and a natural gas furnace, and its building systems were replaced or upgraded throughout, including electrical, plumbing, HVAC, windows, doors, paint, and flooring. The interior layout includes a front lobby/reception area, two bathrooms, five exam rooms, two lab areas, two offices, and multiple storage closets. A full unfinished basement provides additional storage capacity and offers access to utilities. Although it was most recently used as a dental practice, the existing room configuration and updated systems support a range of office, medical, financial, or other retail applications.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1900
Construction BRICK
Total area 1,750 SF
Lot 0.06 ac (2,500 SF)
Zoning code 03-COMMERCIAL
APN 700009527
UPID US57-0746066

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office

Location

406 Locust Ave Plainview, NE 68769-4118
Plainview metro Census 979200 NORFOLK, NE MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2018
1 recorded transaction
2018
$18,000

Zoning & alternative use

03-COMMERCIAL · Plainview, NE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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