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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Outlet malls
1820 10th St Gering, NE 69341-2414
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US57-0629891
Property summary
AI-generated overview
This 8,400-square-foot freestanding retail building, constructed in 2014, presents a remarkable opportunity in Gering, Nebraska. Located at 1820 10th Street, this single-tenant property sits on a 0.48-acre lot in a C-2 zoned area within Scotts Bluff County. The building boasts excellent visibility and accessibility, situated along 10th Street, a major thoroughfare connecting Gering and Scottsbluff, with approximately 8,000 vehicles passing daily. Its central business district location places it near established businesses including Ace Hardware, First National Bank, Platte Valley Bank, McDonald's, and Subway, ensuring high foot traffic and brand recognition potential. The property includes 26 parking spaces, providing ample convenience for customers. The building is currently vacant and offers a blank canvas for a variety of retail uses. Property taxes are included in the lease rate
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2014
Total area
8,400 SF
Lot
0.32 ac (14,000 SF)
Zoning code
03-COMMERCIAL
APN
10056033
UPID
US57-0629891
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
$920k
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$880k
Owner & transaction history
Cole Fd Portfolio Xii LLC · 11 yrs held
Cole Fd Portfolio Xii LLC
since 2014
1 recorded transaction
Zoning & alternative use
03-COMMERCIAL · Gering, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$875,000
+61.0%
Medical building
$855,000
+57.0%
Commercial (general)
$770,000
+41.9%
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 Gering submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gering 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%
$995,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
RETAIL STORES
$545,000
Current use
RESTAURANT
$875,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$855,000
Change: +57% · Conversion: Difficult
COMMERCIAL (GENERAL)
$770,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$605,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$105 / 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
$19,439
Tax year 2023
Assessed value
$907,033
Assessed 2023
Previous assessed
$907,033
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$35,038
Assessed improvement
$871,995
Land market value
$35,038
Improvement market value
$871,995
Total market value
$907,033
Applied tax rate
41.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2014
Heating
YES
Stories
1
Total area
8,400 SF
Lot
0.32 ac (14,000 SF)
Zoning code
03-COMMERCIAL
APN
10056033
UPID
US57-0629891
Jurisdiction
SCOTTS BLUFF
Zoning & alternative use
03-COMMERCIAL · Gering, NEZoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Gering, 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
RETAIL STORES Current
Est. value
$545,000
RESTAURANT
Est. value
$875,000
MEDICAL BUILDING
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$605,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2014
Heating
YES
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Cole Fd Portfolio Xii LLC
Entity
Free & Clear · 11 yrs held
Mailing address
500 VOLVO PKWY, CHESAPEAKE, VA 23320-1604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Sep 29, 2014
$1,257,000
Cole Fd Portfolio Xii LLC
Triple C Development INC
Special 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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