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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    916 Us Highway 30 Blair, NE 68008

    • Commercial real estate
    • 3.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US57-0157645
    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

    • Commercial real estate

    Property Details for 916 Us Highway 30

    Lot size
    3.46 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.46-acre commercial land parcel presents a unique redevelopment opportunity in Blair, Nebraska. Located at 916 S Hwy 30, this property boasts over 200 feet of high-visibility frontage along Highway 30, experiencing nearly 20,000 vehicles daily, ensuring significant exposure for any future development. The site is zoned for Highway Commercial use, offering flexibility for a wide range of commercial ventures. Currently, two existing houses are situated on the property, providing potential for immediate income or redevelopment options. The asking price for this strategically located land is $1,100,000. Situated in Washington County, Nebraska, with a zip code of 68008, this location offers easy access to Blair's amenities and major transportation routes. This is one of the last remaining lots available along this high-traffic stretch of Highway 30, making it an exceptional investment opportunity for discerning buyers seeking a prime location for commercial development. The property's size and location make it ideal for a variety of uses, from retail and restaurants to office spaces and other commercial enterprises. Don't miss this chance to secure a piece of Blair's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blair
    County
    Washington
    State
    Nebraska
    Longitude
    -96.1419876
    Latitude
    41.5346304

    Comparable in this City

    • $265,000
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      Wooded Acreage for Dream Home

      Over 3 acres, utilities ready, ideal for building your home.
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    • $45,000
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      1.63 Acre Wooded Land

      Three lots in Oak Park neighborhood to build your dream property.
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    • $319,990
      10.49 Acres

      Land with Scenic Views

      10.49 acres of land with trees and abundant wildlife.
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    • $52,500
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      Residential Lot in Southern Ridge

      Corner walkout lot in desirable Southern Ridge subdivision.
      31 Ravae Ln, Blair, NE 68008
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    • $62,000
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      Residential Lot in Blair, NE

      Corner lot to build your dream home with views.
      3125 Hilltop Dr, Blair, NE 68008
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    • $65,000

      Residential Land in Blair, NE

      Land for residential development with views and rolling hills.
      2990 Southern Hills Dr, Blair, NE 68008
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    Similar Nearby for Sale

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    • $2,995,000
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    • $65,000
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      Residential Land in Blair, NE

      Residential lot with views in Blair, Nebraska. Walkout lot.
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    • $350,000
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      Blair Commercial Land Opportunity

      2.43 acres of commercially zoned land in Blair, Nebraska.
      590 S 10Th St, Blair, NE 68008
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    • $60,000

      Residential Land in Blair, NE

      Land available for building a dream home with views.
      3045 Mulberry Dr, Blair, NE 68008
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    • $65,000

      Residential Land in Blair, NE

      Land for residential development with views and rolling hills.
      3068 Mulberry Dr, Blair, NE 68008
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    Similar Nearby for Lease

    • $300 /Mo
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      Historic Blair Central Office Space

      Move-in ready office space in a historic mixed-use building.
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    • $15 SF/Yr
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      Blair Central Office Space

      Downtown Blair Office, 230 SF Available
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    • $850,000
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      Blair Office Building For Rent

      5,400 SF office building in Blair, Nebraska for rent.
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    • $8 SF/Yr
      1,200 SF

      Retail Space in Blair, NE

      Retail space available in an active shopping center.
      114-238 S 18Th St, Blair, NE 68008
      View Details
    Request Owner's contact information
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    916 Us Highway 30
    Blair, NE 68008
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    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
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