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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Warehouses
1940 Ridgeview Rd Blair, NE 68008-2377
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US57-0069274
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
7,350 SF
Lot
1.65 ac (71,874 SF)
Zoning code
03-COMMERCIAL
APN
890086869
UPID
US57-0069274
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
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$500k
Owner & transaction history
Odell Investments LLC · 12 yrs held
Odell Investments LLC
since 2013
1 recorded transaction
Zoning & alternative use
03-COMMERCIAL · Blair, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$730,000
+67.5%
Restaurant
$730,000
+66.9%
Commercial (general)
$715,000
+63.1%
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
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$435,000
Current use
RETAIL STORES
$730,000
Change: +68% · Conversion: Moderate
RESTAURANT
$730,000
Change: +67% · Conversion: Difficult
COMMERCIAL (GENERAL)
$715,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$535,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$495,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$68 / 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
$18,789
Tax year 2023
Assessed value
$1,206,390
Assessed 2023
Previous assessed
$1,156,905
+4.3% YoY
Effective rate
1.56%
On assessed value
Assessed land
$143,750
Assessed improvement
$1,062,640
Land market value
$143,750
Improvement market value
$1,062,640
Total market value
$1,206,390
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
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
2003
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
7,350 SF
Lot
1.65 ac (71,874 SF)
Zoning code
03-COMMERCIAL
APN
890086869
UPID
US57-0069274
Jurisdiction
WASHINGTON
Zoning & alternative use
03-COMMERCIAL · Blair, NEZoning 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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$435,000
RETAIL STORES
Est. value
$730,000
RESTAURANT
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$715,000
INDUSTRIAL (GENERAL)
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$495,000
WAREHOUSE, STORAGE Current
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
1.65 ac
Current owner
From public records · entity-resolved
Odell Investments LLC
Entity
Mailing address
4558 PIONEER RD, BLAIR, NE 68008-6297
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Oct 1, 2013
$1,040,000
Odell Investments LLC
Lmp Ents LLC
Warranty Deed
$884,000 · First National Bank Omaha
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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