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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Retail space
1315 J St Hastings, NE 68901-6708
Individually Owned
5-yr Hold
Free & Clear
Property ID
US57-0761381
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1971
Total area
14,400 SF
Lot
4.53 ac (197,327 SF)
Zoning code
COMMERCIAL
APN
10008081
UPID
US57-0761381
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
-
Bomgaars Clothing Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
The State Of Nebraska · 5 yrs held
The State Of Nebraska
since 2020
4 recorded transactions
Zoning & alternative use
COMMERCIAL · Hastings, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+54.5%
Auto repair, garage
$1.4M
+45.5%
Apartment house (5+ units)
$1.1M
+16.3%
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 Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings 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
RETAIL STORES
$965,000
Current use
RESTAURANT
$1,490,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,405,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,125,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$970,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$915,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$64 / 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
$24,972
Tax year 2023
Assessed value
$1,210,206
Assessed 2023
Previous assessed
$1,210,206
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$108,431
Assessed improvement
$1,101,775
Land market value
$108,431
Improvement market value
$1,101,775
Total market value
$1,210,206
Applied tax rate
284.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1971
Buildings
4
Stories
1
Total area
14,400 SF
Lot
4.53 ac (197,327 SF)
Zoning code
COMMERCIAL
APN
10008081
UPID
US57-0761381
Jurisdiction
ADAMS
Zoning & alternative use
COMMERCIAL · Hastings, NE
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Hastings, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$965,000
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$970,000
MEDICAL BUILDING
Est. value
$915,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1971
Stories
1
Buildings
4
Lot
4.53 ac
Current owner
From public records · entity-resolved
The State Of Nebraska
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 22845, OKLAHOMA CITY, OK 73123-1845
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2020
—
The State Of Nebraska
Clark Mitchell Benson III
Deed
—
Jul 23, 2020
—
Tje State Of Nebraska
Jev Enterprises LLC
Warranty Deed
—
Jul 20, 2020
—
The State Of Nebraska
Cobro LLC
Warranty Deed
—
Mar 21, 2005
—
Adeo LLC
Orschein Far M And Home LLC
Warranty 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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