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    Property profile & analytics

    820 1St St Ogallala, NE 69153

    • Retail space
    • 1,800 SF
    • 0.29 lot acres
    For Sale
    View listing
    $1,925,000
    Value Estimation
    Location Intelligence
    Property ID
    US57-1009014
    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

    • Retail space

    Property Details for 820 1St St

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    1,800 SF
    Zone code
    03-COMMERCIAL
    Property type
    Retail space
    APN
    5021700
    APU
    5021700

    Description

    This exceptional 29,930-square-foot commercial building in Ogallala, Nebraska, presents a unique investment opportunity. Located at 820 E 1st St, this single-story, Class B property sits on a 3.54-acre lot and boasts 16-foot ceilings. Built in 1983 and extensively renovated in 2023, the building features a sprinkler system, separate HVAC systems, and heavy three-phase power, making it suitable for a variety of uses including flex, manufacturing, and storefront operations. Its versatile design, combined with its convenient location on Highway 30, ensures high visibility and accessibility. The property includes ample paved parking and a unique advantage: a Union Pacific Railroad (UPRR) spur located behind the building. Zoned for commercial use, this vacant property offers significant potential for businesses seeking a spacious, well-equipped facility in a thriving community. The asking price is $1,925,000. This is a rare opportunity to acquire a substantial commercial property with significant upside potential in a growing Nebraska market. Don't miss out on this chance to own a piece of Ogallala's vibrant commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $215,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $185,000
      Mixed-Use
      $190,000
      Hospitality
      $230,000
      Educational
      $245,000
      Residential Income
      $205,000
      Energy
      $215,000
      Income-Based Land
      $220,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Ogallala
    County
    Keith
    State
    Nebraska
    Longitude
    -101.728
    Latitude
    41.1232

    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
    $3,479
    $31,120
    $218,165
    $249,285
    -
    $31,120
    $218,165
    $249,285

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      519 A S St

      RETAIL STORES (PERSONAL SERVICES) • 7,200 SF
      519 A S St, Ogallala, NE 69153-3112
      View Details
    • Value Estimation
      $225,000
      1,494 SF

      101 Spruce St

      RETAIL STORES (PERSONAL SERVICES) • 1,494 SF
      101 Spruce St, Ogallala, NE 69153-2550
      View Details
    • Value Estimation by Request
      928 SF

      109 4th St

      RETAIL STORES (PERSONAL SERVICES) • 928 SF
      109 4th St, Ogallala, NE 69153-2508
      View Details
    • Value Estimation by Request
      2,983 SF

      105 Spruce St

      RETAIL STORES (PERSONAL SERVICES) • 2,983 SF
      105 Spruce St, Ogallala, NE 69153-2550
      View Details
    • Value Estimation by Request
      6,880 SF

      313 1st St

      RETAIL STORES (PERSONAL SERVICES) • 6,880 SF
      313 1st St, Ogallala, NE 69153-2616
      View Details
    • Value Estimation by Request
      9,301 SF

      311 1st St

      RETAIL STORES (PERSONAL SERVICES) • 9,301 SF
      311 1st St, Ogallala, NE 69153-2616
      View Details

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    820 1St St
    Ogallala, NE 69153
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    Realmo Value Estimation

    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.

    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.

    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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