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Property profile & analytics
FOR SALE
Outlet malls
1882 Holly St Blair, NE 68008
Trust Owned
15-yr Hold
Free & Clear
Property ID
US57-0285862
For Sale
1 / 7
$1,855,656
1882 Holly St, Blair, NE 68008
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Property summary
AI-generated overview
This exceptional 1.14-acre commercial lot, located at 1882 Holly St in Blair, Nebraska (zip code 68008), presents a unique investment opportunity. Situated in Washington County, this property boasts excellent visibility and frontage on Highway 30, directly adjacent to a Walmart Supercenter. The lot's strategic placement at the entrance to the Walmart provides unparalleled access and exposure to a high volume of daily traffic. The property is zoned ACH (Agricultural/Business and Commercial District), allowing for a variety of uses including retail establishments, restaurants with drive-thru capabilities, and professional offices. While the lot will require replatting, its size (49,803 square feet) and prime location make it an ideal site for development. The coordinates are 41.52520061 latitude and -96.14379835 longitude. This property offers significant potential for businesses seeking high visibility and convenient access to a major retail anchor. Serious inquiries only.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2011
Total area
85,657 SF
Lot
12.09 ac (526,640 SF)
Zoning code
03-COMMERCIAL
APN
890019558
UPID
US57-0285862
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
-
Walmart House Cleaning Services Hardware & Home Improvement
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Walmart Deli Food Market Restaurant
-
Walmart Pet Services Kennel & Boarding Facility
-
Walmart Baby & Nursery Services Social Service Agency Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.36M
Comparable Approach
Comparable
$12.73M
Blend (final)
Blend
$14.05M
Owner & transaction history
Wal-mart Real Estate Busn Trust · 15 yrs held
Wal-mart Real Estate Busn Trust
since 2010
6 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Blair, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.5M
+46.2%
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 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%
$16,640,000
6.5%
$15,360,000
7%
$14,260,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,535,000
Current use
OFFICE BUILDING
$12,480,000
Change: +46% · Conversion: Easy
RESTAURANT
$8,500,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$14.05M
Range $12.64M – $15.45M · ±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
$164 / 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
$155,157
Tax year 2023
Assessed value
$9,962,420
Assessed 2023
Previous assessed
$9,567,795
+4.1% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,316,600
Assessed improvement
$8,645,820
Land market value
$1,316,600
Improvement market value
$8,645,820
Total market value
$9,962,420
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
2011
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Total area
85,657 SF
Lot
12.09 ac (526,640 SF)
Zoning code
03-COMMERCIAL
APN
890019558
UPID
US57-0285862
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
RETAIL STORES Current
Est. value
$8.5M
OFFICE BUILDING
Est. value
$12.5M
RESTAURANT
Est. value
$8.5M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
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
2011
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Lot
12.09 ac
Current owner
From public records · entity-resolved
Wal-mart Real Estate Busn Trust
Trust
Free & Clear · 15 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2010
$1,364,000
Wal-mart Real Estate Busn Trust
Hayden Place Dev LLC
Warranty Deed
—
Sep 10, 2007
—
Hayden Place Development LLC
—
Grant Deed
related
$1,300,000 · Two Rivers State Bank
May 3, 2007
—
Hayden Place Dev LLC
Berg,jason & Mary
Quit Claim Deed
related
—
Nov 2, 2006
$600,000
Jason Berg
Reznicek,robert & Wendy
Warranty Deed
—
Nov 2, 2006
$700,000
Jason Berg
Rasmussen Hilda M
Grant Deed
$975,000 · Two Rivers State Bank
—
—
Hayden Place Dev LLC
—
Deed Of Trust
related
$1,300,000 · Two Rivers 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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