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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Warehouses
16612 Hwy 75th S, Bellevue, NE 68123
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0369695
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Construction
STEEL FRAME
Total area
5,400 SF
Lot
2 ac (87,123 SF)
APN
11604023
UPID
US57-0369695
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
$720k
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$690k
Owner & transaction history
Story,tr · 22 yrs held
Story,tr
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+48.2%
Retail stores
$725,000
+5.2%
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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$690,000
Current use
OFFICE BUILDING
$1,025,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$725,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$128 / 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
$9,374
Tax year 2023
Assessed value
$793,518
Assessed 2023
Previous assessed
$793,518
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$130,685
Assessed improvement
$662,833
Land market value
$130,685
Improvement market value
$662,833
Total market value
$793,518
Applied tax rate
46,020.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Buildings
6
Stories
1
Units
164
Total area
5,400 SF
Lot
2 ac (87,123 SF)
APN
11604023
UPID
US57-0369695
Jurisdiction
SARPY
Zoning & alternative use
Zoning · permitted uses
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
$690,000
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$725,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
1997
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
6
Units
164
Lot
2 ac
Current owner
From public records · entity-resolved
Story,tr
Individual
Mailing address
3230 CRYSTAL HTS LN, BELLEVUE, NE 68123-4218
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2026
—
L A Lockup LLC
—
Deed
related
$245,016 · Tsb Bank
May 14, 2024
—
La Lockup LLC
—
Deed
related
$700,000 · Malvern Bank
Mar 16, 2023
—
L A Lockup LLC
—
Deed
related
$1,200,000 · First State Bank Nebraska
Mar 10, 2020
—
Barbara B Story Revocable Trust
—
Deed
related
$250,000 · Malvern Bank
Dec 24, 2018
—
Story,barbara B Trust
—
Deed
related
$875,000 · Cornerstone Bk
Feb 17, 2004
$550,000
Story,tr
Mcdonnell Hughes Storage LLP
Grant Deed
related
$554,440 · Murray State Bank
—
—
Story,barbara B Trust
—
Deed Of Trust
related
$875,000 · Cornerstone Bk
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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