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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Retail space
1616 203rd St Elkhorn, NE 68022-2832
Individually Owned
3-yr Hold
Free & Clear
Property ID
US57-0251410
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Total area
4,794 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CH
APN
1852000012
UPID
US57-0251410
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
by Request
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$720k
Owner & transaction history
Open Door Mission · 3 yrs held
Open Door Mission
since 2022
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
CH · Elkhorn, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+38.5%
Neighborhood: shopping center
$895,000
+19.6%
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 Elkhorn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkhorn 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
$620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$830,000
Alternative Use
Use
Estimation
RETAIL STORES
$750,000
Current use
OFFICE BUILDING
$1,040,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$725,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $650k (Aug 5 2022)
Last sale anchor
$650k
Aug 5 2022
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
$150 / 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
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
1994
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
3
Total area
4,794 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CH
APN
1852000012
UPID
US57-0251410
Jurisdiction
DOUGLAS
Zoning & alternative use
CH · Elkhorn, NEZoning CH · permitted uses
CH · Elkhorn, NE
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
RETAIL STORES Current
Est. value
$750,000
OFFICE BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$895,000
MEDICAL BUILDING
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$670,000
RETAIL STORES Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1994
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
3
Lot
0.51 ac
Current owner
From public records · entity-resolved
Open Door Mission
Individual
Free & Clear · 3 yrs held
Mailing address
2828 N 23RD ST EE, OMAHA, NE 68110-2726
Ownership since
2022
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
Aug 5, 2022
$650,000
Open Door Mission
Clearwater Investments LLC
Warranty Deed
—
Aug 1, 2018
—
Clearwater Investments LLC
—
Deed
related
$290,000 · Pinnacle Bank
Jan 19, 2012
$240,000
Clearwater Investments LLC
Ruge Douglas W
Trustees Deed
—
Dec 17, 2008
$308,000
Second Step LLC
Pation,thomas L & Mary T
Warranty Deed
$215,250 · Nebraska St Bar Assn & Peterse
—
—
Second Step LLC
—
Deed Of Trust
related
$25,639 · Charles Caldwell
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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