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    Property profile & analytics

    118 16th Ave Franklin, NE 68939-5180

    • Grocery and convenience stores
    • 2,376 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $530,000
    Location Intelligence
    Property ID
    US57-0876058
    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

    • Grocery and convenience stores

    Property Details for 118 16th Ave

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    0.48 lot acres
    Property size
    2,376 SF
    Zone code
    03-COMMERCIAL
    Property type
    Grocery and convenience stores
    APN
    5000280.00
    APU
    500028000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Franklin
    State
    Nebraska
    Longitude
    -98.9518
    Latitude
    40.1018

    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
    $4,701
    $10,390
    $254,725
    $265,115
    -
    $10,390
    $254,725
    $265,115

    Comparable in this City

    • Value Estimation by Request
      2,195 SF

      1601 M St

      CONVENIENCE STORE • 2,195 SF
      1601 M St, Franklin, NE 68939-1348
      View Details
    • Value Estimation by Request
      2,640 SF

      631 15th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
      631 15th Ave, Franklin, NE 68939-1509
      View Details
    • Value Estimation by Request
      1,709 SF

      701 16th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,709 SF
      701 16th Ave, Franklin, NE 68939-1515
      View Details
    • Value Estimation by Request
      1,056 SF

      1516 L St

      RETAIL STORES (PERSONAL SERVICES) • 1,056 SF
      1516 L St, Franklin, NE 68939-1547
      View Details
    • Value Estimation by Request
      1,920 SF

      633 15th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      633 15th Ave, Franklin, NE 68939-1509
      View Details
    • Value Estimation by Request
      2,400 SF

      637 15th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      637 15th Ave, Franklin, NE 68939-1509
      View Details
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    118 16th Ave
    Franklin, NE 68939-5180
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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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