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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Flex space
1305 Elkhorn St Norfolk, NE 68701-6558
Entity Owned
6-yr Hold
Free & Clear
Property ID
US57-1068959
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Total area
15,200 SF
Lot
3.59 ac (156,380 SF)
Zoning code
COMMERCIAL
APN
590288292
UPID
US57-1068959
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.06M
Owner & transaction history
Rdo Truck Center Co · 6 yrs held
Rdo Truck Center Co
since 2020
Last sale
$870,000
3 recorded transactions
Zoning & alternative use
COMMERCIAL · Norfolk, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+56.8%
Office building
$1.7M
+55.7%
Restaurant
$1.5M
+38.1%
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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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
$1,070,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,090,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,710,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$1,700,000
Change: +56% · Conversion: Difficult
RESTAURANT
$1,505,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,440,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$1,220,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,055,000
Change: -3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$945,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $870k (Feb 7 2020)
Last sale anchor
$870k
Feb 7 2020
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
$70 / 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
$11,460
Tax year 2023
Assessed value
$741,768
Assessed 2023
Previous assessed
$741,768
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$50,638
Assessed improvement
$691,130
Land market value
$50,638
Improvement market value
$691,130
Total market value
$741,768
Applied tax rate
60.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1997
Stories
1
Total area
15,200 SF
Lot
3.59 ac (156,380 SF)
Zoning code
COMMERCIAL
APN
590288292
UPID
US57-1068959
Jurisdiction
MADISON
Zoning & alternative use
COMMERCIAL · Norfolk, NE
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Norfolk, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$945,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1997
Stories
1
Lot
3.59 ac
Current owner
From public records · entity-resolved
Rdo Truck Center Co
Entity
Free & Clear · 6 yrs held
Mailing address
3401 38TH ST S, FARGO, ND 58104-6904
Ownership since
2020
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
Feb 7, 2020
$870,000
Rdo Truck Center Co
Miller Sal LLC
Warranty Deed
—
Aug 28, 2017
$1,000
Miller Sal LLC
Hradec Holdings LLC
Quit Claim Deed
related
—
Aug 28, 2017
$3,000
Miller Sall LLC
Daniel E Geary
Quit Claim Deed
related
—
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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