204-206 W Phillip Ave

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204-206 W Phillip Ave

Norfolk, NE 68701
Asking Price
Contact for price
Asset Type
Special-purpose
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 204-206 W Phillip Ave in Norfolk, Nebraska.
  • The property is classified as a special-purpose asset type.
  • The building sits within the 68701 zip code region.
  • Norfolk serves as a regional economic hub for northeast Nebraska.
  • This listing is currently available for purchase by investors.

What's Special

204-206 W Phillip Ave in Norfolk, Nebraska, functions as a special-purpose asset situated within a regional hub known for its diversified agricultural and manufacturing economy. This location in Norfolk provides access to key transportation routes that connect the city to the broader Nebraska trade area, facilitating regional commerce. Investors and business owners often target properties in this submarket for their versatility in serving local and area-wide consumer needs. This specific special-purpose facility provides a footprint suitable for a range of professional or industrial applications depending on specific business requirements. The building placement within the Norfolk area allows for functional utility in a community supported by a stable workforce and ongoing commercial activity. Prospective buyers may evaluate this site for its potential to adapt to current market demands or for long-term hold strategies in a secondary market setting.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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