Property profile

701 S 25Th St Norfolk, NE 68701

FOR LEASE
Strip malls
Property ID
US57-0594127
19,920 SF 3.12 ac lot Built 2004
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 701 S 25th St, Norfolk, Nebraska, 68701. The property, part of the Super Center Exchange, offers a single available space totaling 4,160 square feet. This space is ideal for a variety of retail uses, benefiting from its strategic location within a thriving retail corridor. The center enjoys a prime position on Highway 275, ensuring high visibility and accessibility for customers. The property is situated in a densely populated area with a significant concentration of retail activity. Within a one-mile radius, there is over 1.6 million square feet of retail space, indicating a strong and established retail market. The center is shadow-anchored by a Walmart, further enhancing its appeal and drawing significant foot traffic. This presents a unique chance to establish or expand a business in a high-demand location with proven success. The multiple tenancy nature of the center provides a diverse and vibrant atmosphere, attracting a wide range of customers. This 4,160 square foot space is ready for immediate occupancy and offers a fantastic opportunity for businesses seeking a prominent location in a bustling retail environment. The property's location on Highway 275 ensures easy access and high visibility, making it an ideal choice for businesses looking to maximize their exposure and reach a large customer base. Contact us today to learn more about this exceptional retail opportunity.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Total area 19,920 SF
Lot 3.12 ac (135,933 SF)
Zoning code COMMERCIAL
APN 590300083
UPID US57-0594127

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
  • Restaurant
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Business To Business Service
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

701 S 25Th St Norfolk, NE 68701
Norfolk metro Census 961100 NORFOLK, NE MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$910k

Owner & transaction history

Zoning & alternative use

COMMERCIAL · Norfolk, NE
Top alternative use upside
Industrial (general) $1.4M +54.1%
Retail stores $1.4M +48.8%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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