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    Property profile & analytics

    101 Forbes Ave Madrid, NE 69150-4124

    • Auto shops
    • 4,800 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-0888763
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 101 Forbes Ave

    Year built
    1972
    Lot size
    0.32 lot acres
    Property size
    4,800 SF
    Zone code
    03-COMMERCIAL
    Property type
    Auto shops
    APN
    680022686
    APU
    680022686

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madrid
    County
    Perkins
    State
    Nebraska
    Longitude
    -101.545
    Latitude
    40.8504

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $725
    $3,920
    $58,330
    $62,250
    -
    $3,920
    $58,330
    $62,250

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      104 Perkins Ave

      AUTO REPAIR, GARAGE • 2,000 SF
      104 Perkins Ave, Madrid, NE 69150-4024
      View Details
    • Value Estimation by Request
      2,400 SF

      101 Hardy Ave

      AUTO REPAIR, GARAGE • 2,400 SF
      101 Hardy Ave, Madrid, NE 69150-4128
      View Details
    • Value Estimation by Request
      2,172 SF

      121 Perkins Ave

      BAR, TAVERN • 2,172 SF
      121 Perkins Ave, Madrid, NE 69150-9802
      View Details
    • Value Estimation by Request
      1,664 SF

      302 Perkins Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,664 SF
      302 Perkins Ave, Madrid, NE 69150-4147
      View Details
    • Value Estimation
      $405,000
      3,495 SF

      108 Perkins Ave

      FINANCIAL BUILDING • 3,495 SF
      108 Perkins Ave, Madrid, NE 69150-9802
      View Details
    • Value Estimation by Request
      36.93 Acres

      675 Stone St

      INDUSTRIAL (GENERAL) • 36.93 Acres
      675 Stone St, Madrid, NE 69150
      View Details
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    101 Forbes Ave
    Madrid, NE 69150-4124
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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