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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Strip malls
1505 Galvin S Rd, Bellevue, NE 68005-3674
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US57-0207376
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Construction
CONCRETE BLOCKS
Total area
6,480 SF
Lot
0.7 ac (30,577 SF)
APN
10464662
UPID
US57-0207376
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
-
DigitalMint Bitcoin ATM Teller Window Atm Currency Exchange Service
-
DeBusk Digital LLC Film Production Television Studio
-
Wizard's Pipes and Glass (Bike/Boat/Book/etc) Store
-
Bearded Vaper (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Jammer's Pub Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.43M
Owner & transaction history
Main St Properties LLC · 10 yrs held
Main St Properties LLC
since 2016
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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%
$1,415,000
6.5%
$1,305,000
7%
$1,215,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,560,000
Current use
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.58M (Feb 3 2024)
Last sale anchor
$1.58M
Feb 3 2024
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
$221 / 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
$8,130
Tax year 2023
Assessed value
$385,000
Assessed 2023
Previous assessed
$385,000
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$91,731
Assessed improvement
$293,269
Land market value
$91,731
Improvement market value
$293,269
Total market value
$385,000
Applied tax rate
10,002.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1975
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
6,480 SF
Lot
0.7 ac (30,577 SF)
APN
10464662
UPID
US57-0207376
Jurisdiction
SARPY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1975
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
0.7 ac
Current owner
From public records · entity-resolved
Main St Properties LLC
Entity
Mailing address
2221 MAIN ST, BELLEVUE, NE 68005-5239
Ownership since
2016
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
May 18, 2020
—
Main St Properties LLC
—
Deed
related
$993,400 · Us Small Business Administrati
Mar 21, 2016
$1,066,100
Main St Properties LLC
Smith,james T
Grant Deed
related
$1,296,000 · Centris FCU
Mar 9, 2007
$1,175,000
James T Smith
Charles R Clatterbuck
Warranty Deed
$784,584 · Bank Of Nebraska
—
—
Main St Properties LLC
—
Deed Of Trust
related
$993,400 · Us Small Business Administrati
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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