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Property profile & analytics
OFF-MARKET
Commercial real estate
1605 2nd Ave, Scottsbluff, NE 69361-3115
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US57-0301741
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Total area
3,368 SF
Lot
0.32 ac (14,000 SF)
Zoning code
03-COMMERCIAL
APN
10123202
UPID
US57-0301741
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
-
Saint Francis Community Services Social Service Agency Charitable Organization
-
JLT Services, LLC Title Company
-
State Farm Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cowboy Investments LLC · 1 yrs held
Cowboy Investments LLC
since 2024
Last sale
$400,000
5 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Scottsbluff, NE
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 Scottsbluff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsbluff 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,785
Tax year 2023
Assessed value
$335,055
Assessed 2023
Previous assessed
$335,055
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$35,000
Assessed improvement
$300,055
Land market value
$35,000
Improvement market value
$300,055
Total market value
$335,055
Applied tax rate
71.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1984
Heating
PACKAGE
Cooling
AC.FAN COOLING
Stories
1
Total area
3,368 SF
Lot
0.32 ac (14,000 SF)
Zoning code
03-COMMERCIAL
APN
10123202
UPID
US57-0301741
Jurisdiction
SCOTTS BLUFF
Zoning & alternative use
03-COMMERCIAL · Scottsbluff, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Scottsbluff, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scottsbluff. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Cowboy Investments LLC
Entity
Mailing address
700 20TH ST, GERING, NE 69341-3989
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
$400,000
Cowboy Investments LLC
Connelly Properties LLC
Warranty Deed
$320,000 · Riverstone Bank
Nov 23, 2022
$300,000
Ian Connelly
Cfg Investments LLC
Warranty Deed
$365,000 · Platte Valley Bank
Jul 9, 2018
—
Cfg Investments LLC
—
Deed
related
$353,600 · Platte Valley Bank
Jul 1, 2013
$325,000
Cfg Investments LLC
Monument Management Group LLC
Warranty Deed
—
Jun 1, 2007
$190,000
Monument Management Group LLC
James R Hancock
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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