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

    615 8Th St York, NE 68467

    • Commercial real estate
    • 744 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0313591
    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

    • Commercial real estate

    Property Details for 615 8Th St

    Year built
    1920
    Property size
    744 SF
    Property type
    Commercial real estate
    APN
    930042107

    Description

    This vacant residential property presents a unique investment opportunity in York, Nebraska. Located at 615 W 8th St, this 744 square foot home, built in 1920, sits on a spacious 5,700 square foot lot (APN 930042107). The property is being sold "AS IS" and offers significant potential for renovation and resale or rental income. Currently featuring two bedrooms and one bathroom, the layout provides a solid foundation for updating and maximizing its value. The property's location in York, NE, offers access to local amenities and services. The asking price is $87,000. This is a mixed-use property with residential subtype, offering flexibility for various investment strategies. The vacant status allows for immediate improvements and customization to suit the investor's vision. Given its age and current condition, significant renovation may be required. This property is ideal for investors seeking a hands-on project with substantial upside potential. The large lot size also presents possibilities for future expansion or development, subject to local zoning regulations. Serious inquiries are encouraged to explore this promising investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Nebraska
    Longitude
    -97.600714814913
    Latitude
    40.868746160216

    Comparable in this City

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      York, NE Mixed-Use Investment

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      Commercial and Residential Property on Hwy

      Commercial and residential property on 5 acres near I-80.
      3120 S Lincoln Ave, York, NE 68467
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    • $2,712,000
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      Pivot Irrigated Farm For Sale

      160 acre pivot irrigated farm with great potential.
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    • $2,317,070
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      146-Acre Farm Near York, Nebraska

      146-acre pivot-irrigated farm with highway frontage near York, Nebraska.
      1220 York Ave, York, NE 68467
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    • $79,000
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      Buildable Lot in York, NE

      0.66 acre buildable lot primed for construction in York.
      115 S York Ave, York, NE 68467
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    • New
      $42,000
      0.24 Acres

      Residential Lot in Established Neighborhood

      Flat 0.24 acre lot in York, close to downtown.
      717 Nicholas Cir, York, NE 68467
      View Details

    Similar Nearby for Sale

    • $1,100,000
      6,932 SF

      York, NE Mixed-Use Investment

      Fully Leased, High-Cap Rate Property
      401 Lincoln Ave, York, NE 68467
      View Details
    • Contact for pricing

      Commercial and Residential Property on Hwy

      Commercial and residential property on 5 acres near I-80.
      3120 S Lincoln Ave, York, NE 68467
      View Details
    • $2,712,000
      160 SF

      Pivot Irrigated Farm For Sale

      160 acre pivot irrigated farm with great potential.
      1519 Road, York, NE 68467
      View Details
    • $2,317,070
      146 SF

      146-Acre Farm Near York, Nebraska

      146-acre pivot-irrigated farm with highway frontage near York, Nebraska.
      1220 York Ave, York, NE 68467
      View Details
    • $79,000
      0.66 Acres

      Buildable Lot in York, NE

      0.66 acre buildable lot primed for construction in York.
      115 S York Ave, York, NE 68467
      View Details
    • New
      $42,000
      0.24 Acres

      Residential Lot in Established Neighborhood

      Flat 0.24 acre lot in York, close to downtown.
      717 Nicholas Cir, York, NE 68467
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,822 SF

      York Office Space For Rent

      Professional office building in York, suitable for medical or general use.
      622 N Burlington Ave, York, NE 68467
      View Details
    • $4 SF/Yr
      53,134 SF

      York Plaza Retail Space Available

      Prime York County retail space, multiple suites.
      614 Lincoln Ave, York, NE 68467
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    • $10 SF/Yr
      2,976 SF

      York Medical Office - Lease

      2,976 sq ft, Class A medical space.
      309 Lincoln Ave, York, NE 68467
      View Details
    • $6 SF/Yr
      138,580 SF

      York Distribution Center Space Available

      Nebraska industrial space: 14,720 - 74,420 SF
      1914 Grant Ave, York, NE 68467
      View Details
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    615 8Th St
    York, NE 68467
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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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