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Property profile & analytics
OFF-MARKET
Warehouses
205 1st St, Grand Island, NE 68801-6017
Entity Owned
3-yr Hold
Property ID
US57-0306423
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1916
Construction
CONCRETE BLOCKS
Total area
5,911 SF
Lot
0.19 ac (8,148 SF)
Zoning code
03-COMMERCIAL
APN
400007320
UPID
US57-0306423
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Snh Holdings LLC · 3 yrs held
Snh Holdings LLC
since 2023
Last sale
$365,000
6 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, 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 Grand Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Island 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,747
Tax year 2022
Assessed value
$204,821
Assessed 2023
Previous assessed
$204,821
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$30,555
Assessed improvement
$174,266
Land market value
$30,555
Improvement market value
$174,266
Total market value
$204,821
Applied tax rate
12.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1916
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Total area
5,911 SF
Lot
0.19 ac (8,148 SF)
Zoning code
03-COMMERCIAL
APN
400007320
UPID
US57-0306423
Jurisdiction
HALL
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Zoning 03-COMMERCIAL · permitted uses
03-COMMERCIAL · Grand Island, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1916
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Snh Holdings LLC
Entity
Ownership since
2023
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
May 30, 2023
$365,000
Snh Holdings LLC
Fiddle Leaf Development LLC
Warranty Deed
$291,200 · First National Bank Of Oneida
Feb 15, 2023
$220,000
Fiddle Leaf Development LLC
Chris Thompson
Warranty Deed
$165,000 · Nebraskaland Bank
Feb 12, 2021
—
Chris Thompson
—
Deed
related
$140,000 · Exchange Bank
Aug 10, 2018
—
Old Elks Building Dev LLC
—
Deed
related
$195,000 · Five Points Bk
Dec 1, 2017
$150,000
Old Elks Building Development LLC
Enviro Clean Contractors INC
Warranty Deed
$121,000 · Five Points Bank
—
—
Old Elks Building Dev LLC
—
Loan Modification
related
$195,000 · Five Points Bk
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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