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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Auto shops
1652 4th St, David City, NE 68632-2204
Entity Owned
15-yr Hold
Free & Clear
Property ID
US57-0847430
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2010
Total area
9,920 SF
Lot
4.56 ac (198,634 SF)
Zoning code
03-COMMERCIAL
APN
120008582
UPID
US57-0847430
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
-
Northside Inc Car Wash
-
Phillips 66 Gas Station
-
Sinclair Gas Station
-
ATM (Northside Inc) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$867k
Blend (final)
Blend
$650k
Owner & transaction history
Jb Schmid LLC · 15 yrs held
Jb Schmid LLC
since 2011
6 recorded transactions
Zoning & alternative use
03-COMMERCIAL · David City, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$790,000
+14.2%
Commercial (general)
$760,000
+9.4%
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 David City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs David City 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
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$695,000
Current use
WAREHOUSE, STORAGE
$790,000
Change: +14% · Conversion: Easy
COMMERCIAL (GENERAL)
$760,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,090
Tax year 2023
Assessed value
$1,143,535
Assessed 2023
Previous assessed
$906,265
+26.2% YoY
Effective rate
1.49%
On assessed value
Assessed land
$96,250
Assessed improvement
$1,047,285
Land market value
$96,250
Improvement market value
$1,047,285
Total market value
$1,143,535
Applied tax rate
5,010.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2010
Heating
RADIANT
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
9,920 SF
Lot
4.56 ac (198,634 SF)
Zoning code
03-COMMERCIAL
APN
120008582
UPID
US57-0847430
Jurisdiction
BUTLER
Zoning & alternative use
03-COMMERCIAL · David City, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · David City, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
David City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE Current
WAREHOUSE, STORAGE
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
2010
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
8
Lot
4.56 ac
Current owner
From public records · entity-resolved
Jb Schmid LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 26, DAVID CITY, NE 68632-0026
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
—
Jb Schmid LLC
—
Deed
related
$125,000 · Bank Of The Valley
Jun 3, 2011
$150,000
Jb Schmid LLC
Bank Of The Valley
Deed
—
Jun 3, 2011
$198,750
Jb Schmid LLC
Bank Of The Valley
Deed
—
May 3, 2011
$197,000
Jb Schmid LLC
Bank Of Valley David City
Deed
—
May 3, 2011
$157,600
Jb Schmid LLC
Bank Of The Valley David City
Deed
—
May 31, 2007
—
Jb Schmid LLC
Northside INC
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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