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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Warehouses
1617 Holland Dr Grand Island, NE 68803-5621
Entity Owned
10-yr Hold
Free & Clear
Property ID
US57-0330899
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
28,320 SF
Lot
6.68 ac (290,810 SF)
Zoning code
04-INDUSTRIAL
APN
400061570
UPID
US57-0330899
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
-
Coca-Cola Bottling Co Big Box & Wholesale Store
-
Coca-Cola Vending Big Box & Wholesale Store
-
Chesterman Co Vending Machine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.87M
Owner & transaction history
Chesterman Co · 10 yrs held
Chesterman Co
since 2016
1 recorded transaction
Zoning & alternative use
04-INDUSTRIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+25.8%
Restaurant
$2.8M
+18.4%
Apartment house (5+ units)
$2.7M
+13.6%
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 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
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
WAREHOUSE, STORAGE
$2,360,000
Current use
RETAIL STORES
$2,970,000
Change: +26% · Conversion: Moderate
RESTAURANT
$2,795,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,680,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,580,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$2,000,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$66 / 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
$28,224
Tax year 2022
Assessed value
$1,553,195
Assessed 2023
Previous assessed
$1,553,195
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,363,338
Assessed improvement
$189,857
Land market value
$1,363,338
Improvement market value
$189,857
Total market value
$1,553,195
Applied tax rate
7.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Heating
SPACE
Buildings
2
Stories
1
Total area
28,320 SF
Lot
6.68 ac (290,810 SF)
Zoning code
04-INDUSTRIAL
APN
400061570
UPID
US57-0330899
Jurisdiction
HALL
Zoning & alternative use
04-INDUSTRIAL · Grand Island, NEZoning 04-INDUSTRIAL · permitted uses
04-INDUSTRIAL · Grand Island, 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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
RETAIL STORES
Est. value
$3.0M
RESTAURANT
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE Current
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1967
Heating
SPACE
Stories
1
Buildings
2
Lot
6.68 ac
Current owner
From public records · entity-resolved
Chesterman Co
Entity
Free & Clear · 10 yrs held
Mailing address
4700 S LEWIS BLVD, SIOUX CITY, IA 51106-9516
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2016
$813,000
Chesterman Co
Coca-cola Refreshments USA INC
Grant 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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