Financial
Distress signals
Property profile

620 N Alpha St Grand Island, NE 68803

FOR SALE
Medical Office Space
Property ID
US57-0348917
4,091 SF 0.89 ac lot Built 1980
Last sale Oct 2018 · $769,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A standalone medical office building located in Grand Island, Nebraska, situated on a prominent corner lot with 0.88 acres of land. The building totals 6,971 square feet and is configured for medical office use, including a welcoming lobby with tall ceilings, a centrally located lab area, and more than 12 examination and/or office rooms. A partially finished basement adds additional storage and functional space, and the property includes private on-site parking.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$13k
Tax billed · 2022
Assessed value · 2023$708k
Assessed land$75k
Assessed improvement$634k
Effective rate1.82%

Value estimate

· Sep 2026
$340k
$306k – $374k
AI approach$310k
NOI build-up
Gross scheduled income$132k
Vacancy & credit loss−$11k
Operating expenses−$48k
NOI · 8.81% cap applied$73k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
8.81%
$73k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
07-OTHER
JurisdictionHALL

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.5
Realty agency12.9
Parking Facility11.0

Location

620 N Alpha St Grand Island, NE 68803
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
908 Howard, Grand Island, NE 68803-3556 $230,000 Aug 2024 3,203 SF
3213 Wn Frnt, Grand Island, NE 68803-4026 $900,000 Nov 2023 4,881 SF
723 Custer, Grand Island, NE 68803-4311 $329,000 Dec 2022 3,320 SF
1917 Faidley, Grand Island, NE 68803-4642 $325,000 Mar 2022 2,704 SF
711 Custer, Grand Island, NE 68803-4311 $543,000 Apr 2021 5,776 SF
530 Diers, Grand Island, NE 68803-4964 $840,000 Jul 2020 3,818 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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