Individually Owned 
For Sale
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1000 Cunningham Rd, Bellevue, NE 68005
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Property summary
AI-generated overview
Located in Bellevue, Nebraska, the property consists of a 7,262-square-foot building on 9.15 acres zoned for agricultural use. The building layout includes 600 square feet of office space and a 714-square-foot USDA processing area measuring 42 by 17 feet, equipped with blower heaters and a floor drain. The clear ceiling height is 14 feet, with two drive-in doors sized 12 by 14 feet. Refrigeration improvements include two walk-in coolers, each 15 by 22 feet (330 square feet each), and one walk-in freezer measuring 11 by 24 feet (264 square feet). The property is served by three wells, including two wells designated for the pods and one well for the building.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
FRAME
Total area
4,860 SF
Lot
3.29 ac (143,339 SF)
Zoning code
2
APN
10626689
UPID
US57-0197496
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$646k
Blend (final)
Blend
$280k
Owner & transaction history
since 2020
2 recorded transactions
Zoning & alternative use
2 · Bellevue, NE
Top alternative use upside
Retail stores
$655,000
+5.2%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$280k
Value range
$252k – $308k
±10% around blend
Estimated value / SF
$58 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
Income certainty
100
$252k
blend $280k
$308k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,860 SF
Lot area
3.29 ac
Year built
1973
Stories
1
APN
10626689
Zoning
2
Assessed value
$293,154
Annual tax
$4,883
3
Income approach: direct capitalization
Partial preview
Income approach indication
$525k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$570k
@ 6.5% CAP return
$525k
@ 7% CAP return
$490k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$4,883
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$684k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.6 mi away · 6,000 SF
24.6 mi away · 6,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$280k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 47 sales
$128
-55%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $58/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+5%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
8.67%
Selected cap rate for this other warehouses
Derived from the Bellevue market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.67%
9.0%
NOI (est.)
$51k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$590k
Move the market yield to see immediate price impact.
Value / SF
$121
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.17%8.67%9.17%
$46k
$564k
$531k
$502k
$51k
$626k
$590k
$558k
$56k
$689k
$649k
$614k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$925k
10.9 mi · Dec 2025 · $227/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,883
Tax year 2023
Assessed value
$293,154
Assessed 2023
Previous assessed
$293,154
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$136,369
Assessed improvement
$156,785
Land market value
$136,369
Improvement market value
$156,785
Total market value
$293,154
Applied tax rate
10,004.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1973
Construction
FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
4,860 SF
Lot
3.29 ac (143,339 SF)
Zoning code
2
APN
10626689
UPID
US57-0197496
Jurisdiction
SARPY
Zoning & alternative use
2 · Bellevue, NEZoning 2 · permitted uses
2 · Bellevue, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
3.29 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
2
Jurisdiction
Bellevue, NE
Recorded code
2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 2 in Bellevue, NE.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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