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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Specialty properties
117 Lakeview Cir Grand Island, NE 68803-6002
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US57-0269952
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2003
Total area
2,949 SF
Lot
13.67 ac (595,465 SF)
Zoning code
02-MULTI-FAMILY
APN
400406233
UPID
US57-0269952
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$550k
Owner & transaction history
Pedcor Investments-1999-xl LP · 7 yrs held
Pedcor Investments-1999-xl LP
since 2019
6 recorded transactions
Zoning & alternative use
02-MULTI-FAMILY · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$490,000
+45.6%
Office building
$480,000
+43.0%
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 Grand Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Island 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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$335,000
Current use
COMMERCIAL (GENERAL)
$490,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$480,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$187 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$113,009
Tax year 2022
Assessed value
$6,219,049
Assessed 2023
Previous assessed
$6,219,049
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$395,743
Assessed improvement
$5,823,306
Land market value
$395,743
Improvement market value
$5,823,306
Total market value
$6,219,049
Applied tax rate
69.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2003
Heating
HEAT PUMP
Cooling
YES
Buildings
11
Stories
1
Total area
2,949 SF
Lot
13.67 ac (595,465 SF)
Zoning code
02-MULTI-FAMILY
APN
400406233
UPID
US57-0269952
Jurisdiction
HALL
Zoning & alternative use
02-MULTI-FAMILY · Grand Island, NE
Zoning 02-MULTI-FAMILY · permitted uses
02-MULTI-FAMILY · Grand Island, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$335,000
COMMERCIAL (GENERAL)
Est. value
$490,000
OFFICE BUILDING
Est. value
$480,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
COMMERCIAL (GENERAL)
OFFICE 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
2003
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
11
Lot
13.67 ac
Current owner
From public records · entity-resolved
Pedcor Investments-1999-xl LP
Entity
Mailing address
PO BOX 574, CARMEL, IN 46082-0574
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2019
—
Pedcor Investments-1999-xl LP
—
Deed
related
$6,390,700 · Merchants Capital Corp
Nov 9, 2018
—
Pedcor Investments-1999-xl LP
—
Deed
related
$6,357,425 · Us Bk
May 24, 2018
—
Pedcor Investments-1999-xl LP
—
Deed
related
$6,357,425 · Us Bk
—
—
Pedcor Investments-1999-xl LP
—
Loan Modification
related
$6,357,425 · Us Bk
—
—
Pedcor Investments-1999-xl LP
—
Deed Of Trust
related
$6,390,700 · Merchants Capital Corp
—
—
Pedcor Investments-1999-xl LP
—
Loan Modification
related
$6,357,425 · Us Bk
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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