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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Flex space
1735 Hwy 30 Blair, NE 68008-2378
Entity Owned
9-yr Hold
Free & Clear
Property ID
US57-1124126
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Total area
5,520 SF
Lot
1.16 ac (50,530 SF)
Zoning code
03-COMMERCIAL
APN
890058198
UPID
US57-1124126
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
$634k
Blend (final)
Blend
$620k
Owner & transaction history
S & P Investments LLC · 9 yrs held
S & P Investments LLC
since 2017
6 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Blair, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$805,000
+99.3%
Retail stores
$550,000
+36.3%
Restaurant
$550,000
+35.8%
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 Blair submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blair 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
INDUSTRIAL (GENERAL)
$405,000
Current use
OFFICE BUILDING
$805,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$550,000
Change: +36% · Conversion: Moderate
RESTAURANT
$550,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$112 / 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
$8,835
Tax year 2023
Assessed value
$567,295
Assessed 2023
Previous assessed
$548,350
+3.5% YoY
Effective rate
1.56%
On assessed value
Assessed land
$101,060
Assessed improvement
$466,235
Land market value
$101,060
Improvement market value
$466,235
Total market value
$567,295
Applied tax rate
208.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2000
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
5,520 SF
Lot
1.16 ac (50,530 SF)
Zoning code
03-COMMERCIAL
APN
890058198
UPID
US57-1124126
Jurisdiction
WASHINGTON
Zoning & alternative use
03-COMMERCIAL · Blair, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Blair, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blair. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$405,000
OFFICE BUILDING
Est. value
$805,000
RETAIL STORES
Est. value
$550,000
RESTAURANT
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$535,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
2000
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
S & P Investments LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1245 HLS RD, FREMONT, NE 68025-8890
Ownership since
2017
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 30, 2017
$545,000
S & P Investments LLC
T & B Properties LLC
Warranty Deed
—
Nov 3, 2008
$535,000
T & B Properties LLC
Two Rivers Bank
Warranty Deed
$535,000 · Two Rivers Bank
Sep 12, 2008
—
Two Rivers Bank
Christoffersen,kevin R
Deed In Lieu Of Foreclosure
related
—
—
—
Kevin R Christoffersen
—
Deed Of Trust
related
$135,021 · Two Rivers State Bank
—
—
Kevin R Christoffersen
—
Deed Of Trust
related
$110,075 · Two Rivers Bank
—
—
Kevin R Christoffersen
—
Deed Of Trust
related
$235,721 · Two Rivers State 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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