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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Residential income homes
1611 Lincoln Ave Grand Island, NE 68801-0717
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US57-0267116
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2002
Total area
4,800 SF
Lot
0.22 ac (9,460 SF)
Zoning code
03-COMMERCIAL
APN
400062216
UPID
US57-0267116
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
$555k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$486k
Blend (final)
Blend
$515k
Owner & transaction history
Roebuck Enterprises LLC · 5 yrs held
Roebuck Enterprises LLC
since 2021
Last sale
$475,000
5 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$755,000
+69.4%
Retail stores
$510,000
+13.9%
Auto repair, garage
$455,000
+2.5%
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
$545,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$445,000
Current use
OFFICE BUILDING
$755,000
Change: +69% · Conversion: Moderate
RETAIL STORES
$510,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$455,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$410,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$390,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $475k (Jun 1 2021)
Last sale anchor
$475k
Jun 1 2021
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
$107 / 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
$6,301
Tax year 2022
Assessed value
$346,772
Assessed 2023
Previous assessed
$346,772
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$21,285
Assessed improvement
$325,487
Land market value
$21,285
Improvement market value
$325,487
Total market value
$346,772
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2002
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Units
4
Total area
4,800 SF
Lot
0.22 ac (9,460 SF)
Zoning code
03-COMMERCIAL
APN
400062216
UPID
US57-0267116
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$445,000
OFFICE BUILDING
Est. value
$755,000
RETAIL STORES
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$455,000
WAREHOUSE, STORAGE
Est. value
$410,000
MEDICAL BUILDING
Est. value
$390,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2002
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
4
Lot
0.22 ac
Current owner
From public records · entity-resolved
Roebuck Enterprises LLC
Entity
Mailing address
2504 STAGECOACH RD, GRAND ISLAND, NE 68801-7352
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 1, 2021
$375,000
Roebuck Enterprises LLC
Jayns LLC
Warranty Deed
$263,426 · Equitable Bank
Mar 30, 2012
$205,000
Jayns L L C
Brian D Levander
Warranty Deed
$164,000 · Platte Valley State Bank & Trust Co
Jun 3, 2011
$175,000
Brian D Levander
Shafer Properties LLC
Joint Tenancy Deed
related
$175,000 · Home Federal Savings And Loan Assn
—
—
Shafer Properties LLC
—
Deed Of Trust
related
$300,000 · Archer Cooperative Cu
—
—
Shafer Properties LLC
—
Deed Of Trust
related
$192,000 · Archer Cooperative Cu
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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