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Property profile & analytics
OFF-MARKET
Office buildings
112 2nd St, Wayne, NE 68787-1956
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0796930
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Total area
2,350 SF
Lot
0.07 ac (2,873 SF)
Zoning code
03-COMMERCIAL
APN
0002750.00
UPID
US57-0796930
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
-
Thurston PC Mobile Phone Store Electronics & Wireless Store
-
Shear Designs Hair Salon Nail Salon
-
State National Insurance Insurance Agency
-
Wild Moon LLC Alternative Medicine Practice Spa & Massage Center
-
Network and Computing Solutions IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael P Patefield · 5 yrs held
Michael P Patefield
since 2020
5 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Wayne, 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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,722
Tax year 2023
Assessed value
$101,240
Assessed 2023
Previous assessed
$120,055
-15.7% YoY
Effective rate
1.70%
On assessed value
Assessed land
$5,750
Assessed improvement
$95,490
Land market value
$5,750
Improvement market value
$95,490
Total market value
$101,240
Applied tax rate
617.0000
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
1963
Heating
YES
Cooling
YES
Stories
1
Total area
2,350 SF
Lot
0.07 ac (2,873 SF)
Zoning code
03-COMMERCIAL
APN
0002750.00
UPID
US57-0796930
Jurisdiction
WAYNE
Zoning & alternative use
03-COMMERCIAL · Wayne, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Wayne, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wayne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Heating
YES
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Michael P Patefield
Individual
Mailing address
1306 SHERMAN ST, WAYNE, NE 68787-1043
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Burke Properties LLC
—
Deed
related
$100,000 · Elkhorn Valley Bank & Trust
Jan 10, 2022
—
Skyton Re Holdings LLC
—
Deed
related
$800,000 · Stanton State Bank
Nov 6, 2020
$135,000
Michael P Patefield
Valley Drive Properties LLC
Warranty Deed
$120,000 · State Nebraska Bank & Trust
Aug 4, 2020
—
Corby A Schweers
—
Deed
related
$250,000 · Elkhorn Valley Bank & Trust
Jun 30, 2010
$65,000
Jerry Barth
William R Palmer
Warranty Deed
$52,324 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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