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Property profile & analytics
OFF-MARKET
Estimated value
$3,845,000
Investment properties
1222 P St, Lincoln, NE 68508-1425
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US57-0141326
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1915
Total area
27,828 SF
Lot
0.16 ac (7,100 SF)
Zoning code
B4
APN
10-23-425-005-000
UPID
US57-0141326
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
-
The Stack Lofts Apartment Building
-
THREADS-Footloose & Fancy Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.20M
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$3.85M
Owner & transaction history
Brick & Mortar Investments LLC · 11 yrs held
Brick & Mortar Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
B4 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.9M
+53.2%
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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%
$5,635,000
6.5%
$5,200,000
7%
$4,830,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,860,000
Current use
RETAIL STORES
$5,910,000
Change: +53% · Conversion: Easy
Blend value · Realmo final
$3.85M
Range $3.46M – $4.23M · ±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
$138 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$82,166
Tax year 2024
Assessed value
$4,597,200
Assessed 2024
Previous assessed
$3,973,500
+15.7% YoY
Effective rate
1.79%
On assessed value
Assessed land
$298,200
Assessed improvement
$4,299,000
Land market value
$298,200
Improvement market value
$4,299,000
Total market value
$4,597,200
Applied tax rate
9,988.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1915
Heating
HEAT PUMP
Cooling
YES
Units
27
Total area
27,828 SF
Lot
0.16 ac (7,100 SF)
Zoning code
B4
APN
10-23-425-005-000
UPID
US57-0141326
Jurisdiction
LANCASTER
Zoning & alternative use
B4 · Lincoln, NE
Zoning B4 · permitted uses
B4 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.9M
RETAIL STORES
Est. value
$5.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1915
Heating
HEAT PUMP
Cooling
Yes
Units
27
Lot
0.16 ac
Current owner
From public records · entity-resolved
Brick & Mortar Investments LLC
Entity
Mailing address
1200 S ARIES DR, LINCOLN, NE 68512-9337
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2019
—
Brick & Mortar Investments LLC
—
Deed
related
$4,160,000 · Cornhusker Bk
Mar 26, 2019
—
Brick & Mortar Investments LLC
—
Deed
related
$4,160,000 · Cornhusker Bk
Apr 14, 2017
—
Brick & Mortar Investments LLC
—
Trustees Deed
related
$3,530,000 · Cornhusker Bk
Sep 3, 2014
$285,000
Brick & Mortar Investments LLC
W M Swanson INC
Grant Deed
$452,000 · Union Bk&tr
Sep 18, 1998
—
Sra Enterprises LLC
—
Grant Deed
related
$15,110,000 · Cornerstone Bank
—
—
Brick & Mortar Investments LLC
—
Loan Modification
related
$4,160,000 · Cornhusker Bk
—
—
Sra Enterprises LLC
—
Deed Of Trust
related
$2,935,000 · Cornerstone Bank
—
—
Brick & Mortar Investments LLC
—
Loan Modification
related
$4,160,000 · Cornhusker 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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