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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1644 Washington St Lincoln, NE 68502
Entity Owned
15-yr Hold
Free & Clear
Property ID
US57-0044112
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2005
Total area
2,220 SF
Lot
0.11 ac (4,711 SF)
Zoning code
B3
APN
10-36-102-011-000
UPID
US57-0044112
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Caseys Retail Co · 15 yrs held
Caseys Retail Co
since 2010
5 recorded transactions
Zoning & alternative use
B3 · Lincoln, 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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,855
Tax year 2024
Assessed value
$663,300
Assessed 2024
Previous assessed
$663,300
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$37,700
Assessed improvement
$625,600
Land market value
$37,700
Improvement market value
$625,600
Total market value
$663,300
Applied tax rate
9,416.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2005
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
4
Total area
2,220 SF
Lot
0.11 ac (4,711 SF)
Zoning code
B3
APN
10-36-102-011-000
UPID
US57-0044112
Jurisdiction
LANCASTER
Zoning & alternative use
B3 · Lincoln, NE
Zoning B3 · permitted uses
B3 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Caseys Retail Co
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 54288, LEXINGTON, KY 40555-4288
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Dec 16, 2010
$629,000
Caseys Retail Co
Olderbak Ents North LLC
Warranty Deed
—
Oct 21, 2004
—
Olderbak Ents North LLC
Olderbak,michael D
Quit Claim Deed
related
—
Oct 30, 2003
$100,000
Michael D Olderbak
Wilson,michael P & Lynette S
Grant Deed
—
—
—
Michael P Wilson
—
Deed Of Trust
related
$40,271 · Pinnacle Bank
—
—
Olderbak Ents North LLC
—
Deed Of Trust
related
$592,000 · Security First Bank
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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