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INVESTMENT HIGHLIGHTS
- Located minutes from Lake McConaughy and new developments
- Generous parking and 4.59± acre lot for expansion
- Priced below assessed value for immediate equity
- New roof and siding installation underway
- Flexible interior layout ideal for medical or office use
- Positioned in Ogallala’s growing commercial district
EXECUTIVE SUMMARY
Positioned in the heart of Ogallala’s expanding commercial corridor, 202 Diamond Springs Trail presents a rare opportunity to acquire a versatile medical or professional building on a generous 4.59± acre parcel. Currently configured as a dental office, the 5,427-square-foot structure offers flexible interior space suitable for a wide range of commercial uses—from healthcare and wellness to office or specialty retail. The property is undergoing key upgrades, including a new roof and siding, enhancing both curb appeal and long-term durability. Ample on-site parking supports staff and client needs, while the expansive lot provides room for future development or outdoor amenities. Located near Lake McConaughy and surrounded by new growth in Ogallala, the site benefits from both recreational traffic and local demand. Priced below assessed value, this asset offers immediate equity potential for investors or owner-users. Its proximity to major highways and the lake’s tourism draw adds strategic value, making it ideal for businesses seeking visibility and accessibility. Whether you're expanding a regional footprint or launching a new venture, this property delivers location, flexibility, and upside.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,427 SF
Building Class
B
Year Built/Renovated
2006/2020
Price
$900,000
Price Per SF
$165.84
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,427 SF
Building FAR
0.03
Lot Size
4.59 AC
Zoning
Commercial - Building is located in Ogallala North Business Park- Water & Sewer are City of Ogallala. The buildings in the area are all Commercial Businesses.
Parking
22 Spaces (4.05 Spaces per 1,000 SF Leased)
AMENITIES
- Energy Performance Rating - B
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
383
4,935
5,582
2024 Population
357
4,765
5,388
Population Growth '20-'24
-6.8%
-3.4%
-3.5%
2020 Households
157
2,150
2,428
2024 Households
146
2,068
2,339
Household Growth '20-'24
-7.0%
-3.8%
-3.7%
Average Age
42
42
42
Median Household Income
$61,250
$47,343
$50,303
Daytime Employees
413
3,226
3,773
Total Businesses
46
469
542
College Degree + Higher
19%
18%
18%
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,317,650 | |
| Land Assessment | $92,015 | Total Assessment | $4,409,665 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$92,015
Improvements Assessment
$4,317,650
Total Assessment
$4,409,665
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202 Diamond Springs Trl
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