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Property profile & analytics
OFF-MARKET
Estimated value
$3,270,000
Hotels
200 68th St Pl Lincoln, NE 68510-2447
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0109988
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Total area
50,592 SF
Lot
4.32 ac (188,310 SF)
Zoning code
O3
APN
17-28-211-006-000
UPID
US57-0109988
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
-
Annabell Gardens Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$3.27M
Owner & transaction history
Olderbak Enterprises North LLC · 7 yrs held
Olderbak Enterprises North LLC
since 2019
7 recorded transactions
Zoning & alternative use
O3 · Lincoln, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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%
$4,230,000
6.5%
$3,905,000
7%
$3,625,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,490,000
Current use
INDUSTRIAL (GENERAL)
$4,060,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.27M
Range $2.94M – $3.60M · ±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
$65 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$85,542
Tax year 2024
Assessed value
$4,786,100
Assessed 2024
Previous assessed
$4,786,100
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,506,500
Assessed improvement
$3,279,600
Land market value
$1,506,500
Improvement market value
$3,279,600
Total market value
$4,786,100
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1985
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
96
Total area
50,592 SF
Lot
4.32 ac (188,310 SF)
Zoning code
O3
APN
17-28-211-006-000
UPID
US57-0109988
Jurisdiction
LANCASTER
Zoning & alternative use
O3 · Lincoln, NE
Zoning O3 · permitted uses
O3 · Lincoln, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
HOTEL/MOTEL Current
INDUSTRIAL (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
1985
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
96
Lot
4.32 ac
Current owner
From public records · entity-resolved
Olderbak Enterprises North LLC
Entity
Mailing address
5130 S 16TH ST, LINCOLN, NE 68512-1255
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
Olderbak Ents North LLC
—
Deed
related
$750,000 · Union Bk&tr
Apr 26, 2019
$3,925,000
Olderbak Enterprises North LLC
200 South Lincoln Hotel LLC
Special Warranty Deed
$7,324,150 · Union Bank & Trust Co
Jul 28, 2017
$6,100,000
200 S Lincoln Hotel LLC
Chase Elpl I LLC
Special Warranty Deed
—
Jul 27, 2015
—
Chase Elpl I LLC
Hardage Hotels I LLC
Warranty Deed
—
May 30, 2013
—
Hardage Hotels I LLC
—
Loan Modification
related
$21,000,000 · Onewest Bank Fsb
Feb 15, 2007
—
Hardage Suite Hotels LLC
—
Deed Of Trust
related
$3,586,000 · La Jolla Bank
—
—
Hardage Hotels I LLC
—
Deed Of Trust
related
$13,772,000 · Edgewood Mac V LLC
—
—
Chase Elpl I LLC
—
Loan Modification
related
$13,772,000 · Edgewood Mac V LLC
—
—
Olderbak Ents North LLC
—
Loan Modification
related
$750,000 · Union Bk&tr
—
—
Hardage Hotels I LLC
—
Deed Of Trust
related
$5,304,500 · La Jolla Bank
—
—
Hardage Hotels I LLC
—
Deed Of Trust
related
$5,742,000 · La Jolla Bank
—
—
Hardage Hotels I LLC
—
Deed Of Trust
related
$13,000,000 · La Jolla Bank
—
—
Woodfin Suite Hotels LLC
—
Deed Of Trust
related
$1,700,000 · La Jolla Bank
—
—
Hardage Hotels I LLC
—
Deed Of Trust
related
$11,525,000 · La Jolla 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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