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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Community centers
1004 Diers Ave Grand Island, NE 68803-4962
Entity Owned
3-yr Hold
Free & Clear
Property ID
US57-0292864
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2002
Construction
CONCRETE BLOCKS
Total area
53,700 SF
Lot
5.21 ac (227,156 SF)
Zoning code
03-COMMERCIAL
APN
400364573
UPID
US57-0292864
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fuji Steak House Restaurant
-
Farmers Insurance - Mark Porter Insurance Agency
-
Dressed To Dance Dance Store
-
Matt Redman - Coldwell Banker Action Holdings Real Estate Agency
-
Moy Yat Ving Tsun Kung Fu Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.22M
Owner & transaction history
Westgate Properties LLC · 3 yrs held
Westgate Properties LLC
since 2023
3 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grand Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Island submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,520,000
Current use
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$23 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$79,285
Tax year 2022
Assessed value
$4,363,169
Assessed 2023
Previous assessed
$4,363,169
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$316,549
Assessed improvement
$4,046,620
Land market value
$316,549
Improvement market value
$4,046,620
Total market value
$4,363,169
Applied tax rate
45.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2002
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
53,700 SF
Lot
5.21 ac (227,156 SF)
Zoning code
03-COMMERCIAL
APN
400364573
UPID
US57-0292864
Jurisdiction
HALL
Zoning & alternative use
03-COMMERCIAL · Grand Island, NEZoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Grand Island, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
5.21 ac
Current owner
From public records · entity-resolved
Westgate Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 447, GRAND ISLAND, NE 68802-0447
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
$1,000
Westgate Properties LLC
Concord Investments LLC
Special Warranty Deed
—
Aug 17, 2005
$3,125,000
Westgate Properties LLC
Platte Valley St Bk & Trust
Trustees Deed
related
$3,250,000 · Platte Vly St Bk&tr
—
—
Westgate Properties LLC
—
Deed Of Trust
related
$3,108,459 · Exchange Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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