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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Office buildings
111 Washington St Bloomfield, NE 68718-4410
Individually Owned
19-yr Hold
Free & Clear
Property ID
US57-0880972
Property summary
AI-generated overview
This exceptional Bloomfield, Nebraska office building presents a lucrative investment opportunity. Located on the corner of Washington and Main Streets, this single-story, 7,800 square foot property offers high visibility and premium office space. Built in 2002 with renovations in 2012 and 2022, the building is situated on a 0.24-acre lot and includes a cemented back lot for additional parking. Currently 100% occupied, the property features two rental units: one with a long-term lease and one currently available. High-quality interiors and consistent upkeep make this an ideal space for professional office users or investors seeking a strong return. The property's prime location and attractive features make it a highly desirable asset. The asking price is $1,000,000. The Knox County APN is 540000937. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Nebraska location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Total area
5,400 SF
Zoning code
03-COMMERCIAL
APN
540000937
UPID
US57-0880972
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
-
US Consolidated Farm Services Agency Sustainability Organization
-
Natural Resources Conservation Sustainability Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Patrick J Birmingham · 19 yrs held
Patrick J Birmingham
since 2007
2 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Bloomfield, 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 Bloomfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomfield 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,000,000
Current use
COMMERCIAL (GENERAL)
$800,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$149 / 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
$4,628
Tax year 2023
Assessed value
$321,840
Assessed 2023
Previous assessed
$321,840
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$7,490
Assessed improvement
$314,350
Land market value
$7,490
Improvement market value
$314,350
Total market value
$321,840
Applied tax rate
41.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Buildings
2
Stories
1
Total area
5,400 SF
Zoning code
03-COMMERCIAL
APN
540000937
UPID
US57-0880972
Jurisdiction
KNOX
Zoning & alternative use
03-COMMERCIAL · Bloomfield, NEZoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Bloomfield, 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
OFFICE BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$800,000
OFFICE BUILDING Current
COMMERCIAL (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
1995
Stories
1
Buildings
2
Current owner
From public records · entity-resolved
Patrick J Birmingham
Individual
Free & Clear · 19 yrs held
Mailing address
333 N ATLANTIC AVE APT #111, COCOA BEACH, FL 32931-2971
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2007
—
Patrick J Birmingham
Jas Development INC
Corporation Deed
—
Mar 9, 2006
$295,750
Birmingham, Patrick J & Barbara J
Jas Development INC
Assessor Sales History
—
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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