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Property profile & analytics
FOR SALE
Strip malls

804 E 27Th St Scottsbluff, NE 69361

12,880 SF 3.22 ac lot Built 1979
Entity Owned Absentee Owner Free & Clear
Property ID
US57-0339633
Property summary
AI-generated overview

This exceptional investment opportunity presents a 109,454-square-foot vacant shopping center situated on a prominent 9.3-acre lot in Scottsbluff, Nebraska. The property, located at 804 E 27th St, boasts a prime hard-corner location at the intersection of E 27th Street (11,845 vehicles per day) and Frontage Road, directly adjacent to US Route 26 (over 12,000 vehicles per day). Currently zoned PBC (Planned Business Center), this property offers significant redevelopment potential. Its strategic location within the Uptown Scottsbluff area places it near numerous major retailers including Walmart, Target, Home Depot, Menards, and more. The property's proximity to Uptown Scottsbluff, currently undergoing revitalization, and several schools (Western Nebraska Community College, Scottsbluff Senior High School, and Bluffs Middle School, with a combined enrollment exceeding 4,200 students) ensures high visibility and potential for increased traffic. The asking price is $3,250,000, translating to $29.69 per square foot. This presents a compelling value-add opportunity for investors or developers seeking a high-traffic location with substantial upside potential. The property includes two parcels, APN 010231412 and 010268928, offering flexibility for various development strategies, including self-storage conversion, industrial use, residential redevelopment, or the development of outparcel/pad sites. This is a rare chance to acquire a large-scale property in a thriving Nebraska market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Total area 12,880 SF
Lot 3.22 ac (140,456 SF)
Zoning code 03-COMMERCIAL
APN 10268928
UPID US57-0339633
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.54M
Owner & transaction history
SCOTTSBLUFF KM REDEVELOPMENT, LLC
SCOTTSBLUFF KM REDEVELOPMENT, LLC
Zoning & alternative use
03-COMMERCIAL · Scottsbluff, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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