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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Community centers
1300 Locust St Grand Island, NE 68801-8200
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US57-0329821
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1981
Construction
WOOD
Total area
12,800 SF
Lot
1.27 ac (55,303 SF)
Zoning code
03-COMMERCIAL
APN
400057468
UPID
US57-0329821
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
-
Nahrstedt Dawn G Physician
-
Outlooks Hair Design Hair Salon Nail Salon
-
Liberty Tax Tax Preparation
-
Daly Property Management Real Estate Agency
-
UScellular Authorized Agent Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Roebuck Enterprises LLC · 3 yrs held
Roebuck Enterprises LLC
since 2022
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+443.5%
Restaurant
$1.5M
+291.5%
Retail stores
$1.4M
+265.6%
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
$1,390,000
ML approach
$1,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,015,000
Change: +443% · Conversion: Moderate
RESTAURANT
$1,450,000
Change: +291% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: +266% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,220,000
Change: +229% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,190,000
Change: +221% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,095,000
Change: +196% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.40M (Aug 18 2022)
Last sale anchor
$1.40M
Aug 18 2022
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
$108 / 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
$20,677
Tax year 2022
Assessed value
$1,137,868
Assessed 2023
Previous assessed
$1,137,868
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$151,079
Assessed improvement
$986,789
Land market value
$151,079
Improvement market value
$986,789
Total market value
$1,137,868
Applied tax rate
5.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
STEAM
Cooling
AC.PACKAGE
Stories
1
Total area
12,800 SF
Lot
1.27 ac (55,303 SF)
Zoning code
03-COMMERCIAL
APN
400057468
UPID
US57-0329821
Jurisdiction
HALL
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · 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
OFFICE BUILDING
Est. value
$2.0M
RESTAURANT
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1981
Construction
WOOD
Heating
STEAM
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Roebuck Enterprises LLC
Entity
Mailing address
1512 N EDDY ST, GRAND ISLAND, NE 68801-3541
Ownership since
2022
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
Aug 18, 2022
$1,400,000
Roebuck Enterprises LLC
Da Ly Properties LLC
Warranty Deed
$100,000 · Equitable Bank
May 24, 2013
$1,070,000
Da Ly Properties LLC
Giomaha LLC
Warranty Deed
$856,000 · Platte Valley State Bank & Trust Co
Aug 15, 2007
$920,000
Giomaha LLC
Eps Investments
Grant Deed
—
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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