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4510 N Airport Rd - Norfolk Rustic Lake Development Opportunity 424.79 Acres of Agricultural Land Offered at $25,000,000 in Norfolk, NE 68701
Investment Highlights
- Approximately 424.79 acres 14 contiguous parcels
- Six wells Three-phase 440-volt electrical service Septic systems and propane
- Year-round gravel and paved-road access Heavy-equipment accessibility
- Agricultural and Single-Family zoning Three existing homes
- Potential for future lake community development Rustic Lake 1977
- Potential sand, gravel, crushed-stone, and quartz resources Approximately 300 potentially dredgeable acres, based on seller estimates.
Executive Summary
Property Facts
1 Lot Available
Lot 1
| Price | $25,000,000 | Lot Size | 424.79 AC |
| Price Per AC | $58,852.61 |
| Price | $25,000,000 |
| Price Per AC | $58,852.61 |
| Lot Size | 424.79 AC |
Approximately 424.79 acres across 14 parcels in Norfolk, Nebraska, featuring agricultural ground, pasture, woods, ponds, three homes, six wells and 3-phase power, with potential for farming, development, recreation or aggregate use.
Description
Opportunity to acquire approximately 424.79 acres along North Airport Road in Norfolk, Nebraska. This substantial offering combines open acreage, water features, agricultural ground, existing improvements, on-site infrastructure, and multiple potential paths for future use. The property consists of 14 parcels with a combination of Agricultural and Single-Family zoning. Existing improvements and infrastructure include three homes, six wells, three-phase 440-volt power, septic systems, propane service, multiple ponds, internal gravel-road access, nearby paved-road access, and accessibility for heavy equipment. A notable component of the property is its potential aggregate resource. Previous testing and boring work identified deposits that may include coarse sand, fine sand, gravel, crushed stone, and quartz rock. The seller estimates that approximately 300 acres may be dredgeable, subject to independent verification, permitting, and governmental approvals. Available supporting materials reportedly include test-hole data, 2016 Terracon aggregate-testing results, geotechnical and environmental information, aerial photography, maps, and drone footage. The property also offers potential for future residential, recreational, or mixed-use development. Multiple ponds, wooded areas, water frontage, and expansive open acreage could support a lake-oriented community, large-lot residential project, recreational retreat, conservation plan, or phased extraction and reclamation strategy. Historic Rustic Lake community plans dating to 1977 further illustrate the property’s long-standing development possibilities.
Property Taxes
| Parcel Numbers | Improvements Assessment | $302,753 | |
| Land Assessment | $900,978 | Total Assessment | $1,203,731 |
Property Taxes
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4510 N Airport Rd - Norfolk Rustic Lake Development Opportunity