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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Manufacturing properties
11050 204th St Gretna, NE 68028-7977
Individually Owned
4-yr Hold
Free & Clear
Property ID
US57-0245093
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Construction
WOOD FRAME
Total area
7,080 SF
Lot
7.24 ac (315,354 SF)
APN
11301392
UPID
US57-0245093
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
-
Kersten Construction, Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$635k
Owner & transaction history
Gretna Rural Fire Protection Distri · 4 yrs held
Gretna Rural Fire Protection Distri
since 2022
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$905,000
+79.5%
Office building
$885,000
+74.8%
Retail stores
$740,000
+46.1%
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 Gretna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gretna 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
$400,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$505,000
Current use
RESTAURANT
$905,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$675,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$580,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$555,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$39,475
Tax year 2023
Assessed value
$1,836,575
Assessed 2023
Previous assessed
$1,836,575
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$1,261,062
Assessed improvement
$575,513
Land market value
$1,261,062
Improvement market value
$575,513
Total market value
$1,836,575
Applied tax rate
37,001.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Construction
WOOD FRAME
Heating
NONE
Buildings
5
Stories
1
Units
2
Total area
7,080 SF
Lot
7.24 ac (315,354 SF)
APN
11301392
UPID
US57-0245093
Jurisdiction
SARPY
Zoning & alternative use
Zoning · permitted uses
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
INDUSTRIAL (GENERAL) Current
Est. value
$505,000
RESTAURANT
Est. value
$905,000
OFFICE BUILDING
Est. value
$885,000
RETAIL STORES
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$580,000
MEDICAL BUILDING
Est. value
$555,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1992
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
5
Units
2
Lot
7.24 ac
Current owner
From public records · entity-resolved
Gretna Rural Fire Protection Distri
Individual
Free & Clear · 4 yrs held
Mailing address
11050 S 204TH ST, GRETNA, NE 68028-7977
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Apr 13, 2022
—
Gretna Rural Fire Protection Distri
Gretna Volunteer Fire And Rescue De
Deed
—
Dec 31, 2012
—
Randall W Kersten
Kersten,ervin W & Lorraine H
Quit Claim Deed
related
—
Mar 10, 2010
—
Ervin W Kersten
K & L Ptshp
Warranty Deed
—
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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