Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    601 23rd St Fremont, NE 68025-2440

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    601 23rd St Fremont, NE 68025-2440

    View on Map
    • Retail space
    • 5,351 SF
    • 1.45 lot acres
    Off-Market
    Property ID
    US57-0613601
    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

    • AutoZone Auto Parts / Auto Parts Store

    Property Details for 601 23rd St

    Year built
    2000
    Lot size
    1.45 lot acres
    Property size
    5,351 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    270044359
    APU
    270044359

    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
    Fremont
    County
    Dodge
    State
    Nebraska
    Longitude
    -96.4896
    Latitude
    41.451
    CBSA code
    23340
    CBSA name
    FREMONT, 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
    $16,591
    $438,095
    $544,211
    $982,306
    -
    $438,095
    $544,211
    $982,306

    Comparable in this City

    • Value Estimation by Request
      1,320 SF

      427 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      427 Main St, Fremont, NE 68025-5059
      View Details
    • Value Estimation by Request
      1,920 SF

      405 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      405 Main St, Fremont, NE 68025-5645
      View Details
    • Value Estimation by Request
      800 SF

      1624 Military Ave

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      1624 Military Ave, Fremont, NE 68025-3812
      View Details
    • Value Estimation
      $2,140,000
      68,126 SF

      2660 23rd St

      RETAIL STORES (PERSONAL SERVICES) • 68,126 SF
      2660 23rd St, Fremont, NE 68025-2633
      View Details
    • Value Estimation by Request
      2,058 SF

      1527 Military Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,058 SF
      1527 Military Ave, Fremont, NE 68025-3809
      View Details
    • Value Estimation
      $515,000
      8,540 SF

      92 6th St

      RETAIL STORES (PERSONAL SERVICES) • 8,540 SF
      92 6th St, Fremont, NE 68025-4956
      View Details

    Similar Nearby for Sale

    • $499,000
      13,000 SF

      Downtown Fremont Mixed-Use Building

      Iconic building with versatile space in a prime downtown location.
      523 N Main St, Fremont, NE 68025
      View Details
    • Contact for pricing
      6,029 SF

      Turnkey Restaurant with Apartment and Patio

      Turnkey restaurant with apartment, patio, boat slips, and parking.
      980 County Rd W, Fremont, NE 68025
      View Details
    • $190,000
      0.86 Acres

      Residential Lot Backing to Lake

      Large residential lot with lake access and city utilities.
      3404 Robyn Ridge Rd, Fremont, NE 68025
      View Details
    • $195,000
      0.53 Acres

      Residential Lot Backing to Lake

      Over 1/2 acre residential lot with lake access.
      2821 E 34 Ct, Fremont, NE 68025
      View Details
    • $195,000
      0.61 Acres

      Residential Lot Backing to Lake

      Large residential lot with lake access and city utilities.
      2912 E 34 Ct, Fremont, NE 68025
      View Details
    • $68,000
      0.24 Acres

      Residential Lot in Morningside Pointe

      South-facing residential lot with no builder restrictions, near Omaha.
      2710 S Lauren Ln, Fremont, NE 68025
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,018 SF

      Fremont Retail Space Available

      Retail space available for lease in Fremont, Nebraska.
      840-1050 E 23Rd St, Fremont, NE 68025
      View Details
    • Contact for pricing
      6,000 SF

      Commercial/Retail Space For Rent

      Commercial/retail space available with outdoor storage and potential design.
      2050 E 23Rd Ave N, Fremont, NE 68025
      View Details
    • Contact for pricing
      3,000 SF

      Remodeled Space in Downtown Fremont

      Former restaurant space in desirable downtown Fremont business district.
      23-35 W 6Th St, Fremont, NE 68025
      View Details
    • Contact for pricing

      Fremont Storage Space For Lease

      5,000 SF storage space available in downtown Fremont.
      635 N Main St, Fremont, NE 68025
      View Details
    • Contact for pricing

      Retail Space in Redevelopment Area

      Retail space for rent in a major redevelopment opportunity.
      860 E 23Rd St, Fremont, NE 68025
      View Details
    • Contact for pricing

      Retail Space on Highway 30

      Retail space with highway access near major retailers.
      3351 24Th St, Fremont, NE 68025
      View Details

    Property Visit Statistics

    • Visits by month
      3.9k
    • Visitors by month
      3.0k
    • Avg Time on site
      15 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 23rd St
    Fremont, NE 68025-2440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!