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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Commercial real estate
1202 Ct St, Fort Calhoun, NE 68023-2059
Entity Owned
7-yr Hold
Free & Clear
Property ID
US57-0191264
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Total area
5,760 SF
Lot
0.36 ac (15,656 SF)
Zoning code
02-MULTI-FAMILY
APN
890061915
UPID
US57-0191264
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$700k
Owner & transaction history
Melsetter LLC · 7 yrs held
Melsetter LLC
since 2018
4 recorded transactions
Zoning & alternative use
02-MULTI-FAMILY · Fort Calhoun, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$865,000
+40.0%
Retail stores
$640,000
+3.3%
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 Fort Calhoun submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Calhoun 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
COMMERCIAL (GENERAL)
$620,000
Current use
OFFICE BUILDING
$865,000
Change: +40% · Conversion: Easy
RETAIL STORES
$640,000
Change: +3% · Conversion: Easy
RESTAURANT
$570,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$122 / 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
$9,770
Tax year 2023
Assessed value
$446,090
Assessed 2023
Previous assessed
$309,110
+44.3% YoY
Effective rate
2.19%
On assessed value
Assessed land
$13,310
Assessed improvement
$432,780
Land market value
$13,310
Improvement market value
$432,780
Total market value
$446,090
Applied tax rate
214.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1991
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
5,760 SF
Lot
0.36 ac (15,656 SF)
Zoning code
02-MULTI-FAMILY
APN
890061915
UPID
US57-0191264
Jurisdiction
WASHINGTON
Zoning & alternative use
02-MULTI-FAMILY · Fort Calhoun, NE
Zoning 02-MULTI-FAMILY · permitted uses
02-MULTI-FAMILY · Fort Calhoun, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Calhoun. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$620,000
OFFICE BUILDING
Est. value
$865,000
RETAIL STORES
Est. value
$640,000
RESTAURANT
Est. value
$570,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
1991
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Melsetter LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1325 LYNNWOOD LN, OMAHA, NE 68152-5239
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2018
$330,000
Melsetter LLC
1202 Court Street Apts LLC
Warranty Deed
—
Aug 23, 2011
—
Court Street Apartments L 1202
Dawson,beverly J
Warranty Deed
—
Mar 12, 1998
$260,000
John M Dawson
Johnson,walter G
Grant Deed
related
$208,000 · Seller
—
—
John M Dawson
—
Deed Of Trust
related
$271,000 · Lincoln Fsb Of Nebraska
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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