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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Commercial real estate
1005 Commercial St Palmer, NE 68864-1420
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US57-0731034
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2014
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.22 ac (9,491 SF)
Zoning code
03-COMMERCIAL
APN
0006358.00
UPID
US57-0731034
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
-
Palmer Service Center Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$754k
Blend (final)
Blend
$540k
Owner & transaction history
Palmer Service Center INC · 12 yrs held
Palmer Service Center INC
since 2014
1 recorded transaction
Zoning & alternative use
03-COMMERCIAL · Palmer, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Merrick County – Nebraska
Top alternative use upside
Warehouse, storage
$630,000
+33.8%
Retail stores
$610,000
+28.8%
Industrial (general)
$520,000
+10.1%
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 Palmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer 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
$325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$470,000
Current use
WAREHOUSE, STORAGE
$630,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +29% · Conversion: Easy
INDUSTRIAL (GENERAL)
$520,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$90 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,645
Tax year 2023
Assessed value
$404,625
Assessed 2023
Previous assessed
$404,625
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$7,120
Assessed improvement
$397,505
Land market value
$7,120
Improvement market value
$397,505
Total market value
$404,625
Applied tax rate
175.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2014
Construction
STEEL FRAME
Heating
RADIANT
Stories
1
Total area
6,000 SF
Lot
0.22 ac (9,491 SF)
Zoning code
03-COMMERCIAL
APN
0006358.00
UPID
US57-0731034
Jurisdiction
MERRICK
Zoning & alternative use
03-COMMERCIAL · Palmer, NEZoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Palmer, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Merrick County – Nebraska
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$470,000
WAREHOUSE, STORAGE
Est. value
$630,000
RETAIL STORES
Est. value
$610,000
INDUSTRIAL (GENERAL)
Est. value
$520,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2014
Construction
STEEL FRAME
Heating
RADIANT
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Palmer Service Center INC
Entity
Mailing address
PO BOX 116, PALMER, NE 68864-0116
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2014
—
Palmer Service Center INC
Lawrence S Happ
Warranty Deed
$300,000 · Pinnacle 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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