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Property profile & analytics
OFF-MARKET
Estimated value
$3,530,000
Office Spaces
1240 Aries Dr Lincoln, NE 68512-9100
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0036721
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Total area
10,262 SF
Lot
0.8 ac (34,822 SF)
Zoning code
I3
APN
09-23-203-001-000
UPID
US57-0036721
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
-
Sarah M. Stobbe, APRN Pediatrician Physician
-
Timothy Kuntz Physician
-
Constance L Bridges Physician
-
Sarah Holz Physician
-
Kristina Hardy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$3.53M
Owner & transaction history
Primary Care Properties LLC · 5 yrs held
Primary Care Properties LLC
since 2021
Last sale
$3.7M
3 recorded transactions
Zoning & alternative use
I3 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.2M
+30.8%
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
$4,805,000
ML approach
$4,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,180,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$3.53M
Range $3.18M – $3.88M · ±10% · vs last sale $3.70M (Jun 28 2021)
Last sale anchor
$3.70M
Jun 28 2021
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
$344 / 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
$31,835
Tax year 2024
Assessed value
$1,781,200
Assessed 2024
Previous assessed
$1,558,500
+14.3% YoY
Effective rate
1.79%
On assessed value
Assessed land
$496,200
Assessed improvement
$1,285,000
Land market value
$496,200
Improvement market value
$1,285,000
Total market value
$1,781,200
Applied tax rate
1.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2001
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
10,262 SF
Lot
0.8 ac (34,822 SF)
Zoning code
I3
APN
09-23-203-001-000
UPID
US57-0036721
Jurisdiction
LANCASTER
Zoning & alternative use
I3 · Lincoln, NE
Zoning I3 · permitted uses
I3 · 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
RETAIL STORES
Est. value
$2.2M
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
2001
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Primary Care Properties LLC
Entity
Mailing address
4424 S 86TH ST, LINCOLN, NE 68526-9225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2021
$3,700,000
Primary Care Properties LLC
Silver Offices LLC
Special Warranty Deed
$2,331,000 · Union Bank & Trust Co
Oct 14, 2002
$985,000
Silver Offices LLC
Security Financial Life Ins Co
Grant Deed
$1,384,000 · Tierone Bank
—
—
Silver Offices LLC
—
Deed Of Trust
related
$1,063,000 · Exchange 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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