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Property profile & analytics
OFF-MARKET
Retail space

648 Broad St Fremont, NE 68025-4933

19,580 SF 0.93 ac lot Built 1903
Individually Owned Absentee Owner Free & Clear
Property ID
US57-0857559
Property summary
AI-generated overview

This exceptional commercial property, located at 648 N. Broad St, Fremont, NE 68025, presents a unique investment opportunity. The 19,664 square foot building, constructed in 1903, features two stories and sits on a fee simple lot. With one unit and sixteen parking spaces, it's ideally suited for a variety of uses, including office, retail, and storage. The property is zoned commercial and located within the downtown business improvement district, which may subject the owner to a special tax assessment. The upper floor may qualify for residential conversion, per local regulations. The building boasts a dry pipe sprinkler system for fire protection. All measurements are approximate, and potential buyers are encouraged to conduct their own due diligence. Please note that the basement square footage is not included in the stated total. A 48-hour first right of refusal is in effect. The asking price is $365,900. The APN is 270002324.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1903
Total area 19,580 SF
Lot 0.93 ac (40,511 SF)
Zoning code COMMERCIAL
APN 270002324
UPID US57-0857559
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
RUSSELL L HOETFELKER
RUSSELL L HOETFELKER
Zoning & alternative use
COMMERCIAL · Fremont, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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