Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    705 N Burlington Ave Hastings, NE 68901
    Back to Search
    Property profile & analytics

    705 N Burlington Ave Hastings, NE 68901

    View on Map
    • Retail space
    • 13,500 SF
    • 0.95 lot acres
    For Sale
    $2,808,000
    View Listing →
    Walgreens NNN Lease Investment Opportunity For Sale
    $2,808,000
    13,348 SF

    Walgreens NNN Lease Investment Opportunity

    Absolute NNN lease with rental escalations and strong store ranking.

    705 N Burlington Ave, Hastings, NE 68901
    View Listing
    Property ID
    US57-0782476
    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

    • Coinhub Bitcoin ATM Teller / Atm
    • Walgreens Pharmacy / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • FedEx OnSite / Postal Service / Courier Service
    • Walgreens / Cosmetic Store

    Property Details for 705 N Burlington Ave

    Year built
    1994
    Lot size
    0.95 lot acres
    Property size
    13,500 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    10008217
    APU
    10008217

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,175,000
      ML approach
      $2,300,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,690,000
      COMMERCIAL (GENERAL)
      $1,655,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hastings
    County
    Adams
    State
    Nebraska
    Longitude
    -98.393
    Latitude
    40.5901
    CBSA code
    25580
    CBSA name
    HASTINGS, 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
    $32,145
    $153,793
    $1,404,065
    $1,557,858
    -
    $153,793
    $1,404,065
    $1,557,858

    Comparable in this City

    • Value Estimation by Request
      2,160 SF

      504 Eastside Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      504 Eastside Blvd, Hastings, NE 68901-5235
      View Details
    • Value Estimation by Request
      810 SF

      128 Hastings Ave, Unit 100

      RETAIL STORES (PERSONAL SERVICES) • 810 SF
      128 Hastings Ave, Hastings, NE 68901-5141
      View Details
    • Value Estimation by Request
      1,395 SF

      202 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 1,395 SF
      202 2nd St, Hastings, NE 68901-5237
      View Details
    • Value Estimation by Request
      2,900 SF

      106 Bellevue Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,900 SF
      106 Bellevue Ave, Hastings, NE 68901
      View Details
    • Value Estimation by Request
      1,705 SF

      923 Burlington Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,705 SF
      923 Burlington Ave, Hastings, NE 68901-6914
      View Details
    • Value Estimation
      $795,000
      45,096 SF

      920 Burlington Ave, Unit 930

      RETAIL STORES (PERSONAL SERVICES) • 45,096 SF
      920 Burlington Ave, Hastings, NE 68901-6913
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,348 SF

      Walgreens NNN Lease Investment Opportunity

      Absolute NNN lease with rental escalations and strong store ranking.
      705 N Burlington Ave, Hastings, NE 68901
      View Details
    • Contact for pricing
      2,246 SF

      Updated Commercial Space on 2nd

      Move-in ready commercial building suitable for retail or office use.
      2608 W 2Nd St, Hastings, NE 68901
      View Details
    • New
      $219,000
      1,984 SF

      Hastings Triplex Investment Opportunity

      Triplex with two one-bedroom units and one two-bedroom unit.
      1320 N Colorado Ave, Hastings, NE 68901
      View Details
    • $4,500,000

      Hospitality Property South of Grand Island

      Hospitality property serving a regional market of 53,000+ residents.
      200 E 31St St, Hastings, NE 68901
      View Details
    • $279,000
      0.06 Acres

      Hastings Multifamily Investment Opportunity

      Four-unit apartment building with recent upgrades in Hastings, Nebraska.
      310 Saunders Ave, Hastings, NE 68901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,219 SF

      Retail Space in Hastings, NE

      Retail space available for lease in Hastings, Nebraska.
      927 W 14Th St, Hastings, NE 68901
      View Details
    • $12 SF/Yr
      32,830 SF

      Retail and Restaurant Spaces Available

      New development with retail, restaurant, and pad site opportunities.
      1105 Theatre Dr, Hastings, NE 68901
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space Available for Lease

      7,500 SF retail space available for lease.
      Osborne Dr E, Hastings, NE 68901
      View Details
    • $6 SF/Yr
      47,824 SF

      Hastings Retail Outlot Opportunity

      Prime Retail Space, 22,500-25,324 SF Available
      1115 2Nd St, Hastings, NE 68901
      View Details
    • Contact for pricing

      Land For Rent Hastings

      Land available for rent in Hastings, Nebraska.
      1137 W 2Nd St, Hastings, NE 68901
      View Details
    • Contact for pricing

      Industrial Space Near I-80

      113,115 SF industrial space with possible outdoor storage.
      300 E 39Th St, Hastings, NE 68901
      View Details
    View Listing
    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.
    705 N Burlington Ave
    Hastings, NE 68901
    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

    Thank You for Inquiry
    705 N Burlington Ave, Hastings, NE, 68901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!