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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Banks
20041 Manderson St Elkhorn, NE 68022-3233
Individually Owned
21-yr Hold
Free & Clear
Property ID
US57-0233521
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2004
Total area
9,462 SF
Lot
1.41 ac (61,420 SF)
Zoning code
ELKHORN
APN
1414381100
UPID
US57-0233521
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
-
Amy Hayes Preucil - Mortgage Loan Officer Loan Service Bank
-
CharterWest Bank-Elkhorn Loan Service Bank
-
Rochelle Eigsti Certified Mortgage Advisor NMLS#618146 CharterWest Mortgage Loan Service Bank
-
Jenni Scebold Mortgage Loan Officer #999576, Charter West Bank - Mortgage Center Loan Service Bank
-
Rochelle Eigsti Certified Mortgage Advisor CharterWest Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$795k
Owner & transaction history
Mfi · 21 yrs held
Mfi
since 2005
1 recorded transaction
Zoning & alternative use
ELKHORN · Elkhorn, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+33.7%
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 Elkhorn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkhorn 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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$890,000
Current use
RESTAURANT
$1,190,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$885,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$870,000
Change: -2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$760,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$84 / 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
$73,660
Tax year 2023
Assessed value
$2,872,600
Assessed 2023
Previous assessed
$2,872,600
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$982,700
Assessed improvement
$1,889,900
Land market value
$982,700
Improvement market value
$1,889,900
Total market value
$2,872,600
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2004
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Total area
9,462 SF
Lot
1.41 ac (61,420 SF)
Zoning code
ELKHORN
APN
1414381100
UPID
US57-0233521
Jurisdiction
DOUGLAS
Zoning & alternative use
ELKHORN · Elkhorn, NE
Zoning ELKHORN · permitted uses
ELKHORN · Elkhorn, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkhorn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$890,000
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$760,000
MEDICAL BUILDING
Est. value
$735,000
FINANCIAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2004
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Mfi
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 288, WEST POINT, NE 68788-0288
Ownership since
2005
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
Jan 19, 2005
—
Mfi
Hmg Dev Co LLC
Warranty Deed
related
—
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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