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    Property profile & analytics

    205 Commercial Ave Wallace, NE 69169-8048

    • Retail space
    • 3,066 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US57-0624584
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 205 Commercial Ave

    Year built
    1900
    Lot size
    0.16 lot acres
    Property size
    3,066 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    0097800.00
    APU
    9780000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wallace
    County
    Lincoln
    State
    Nebraska
    Longitude
    -101.166
    Latitude
    40.838
    CBSA code
    35820
    CBSA name
    NORTH PLATTE, NE MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $976
    $6,300
    $45,432
    $51,732
    -
    $6,300
    $45,432
    $51,732

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      229 Commercial Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      229 Commercial Ave, Wallace, NE 69169-8108
      View Details
    • Value Estimation
      $205,000
      2,100 SF

      126 Commercial Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      126 Commercial Ave, Wallace, NE 69169-8047
      View Details
    • Value Estimation
      $505,000
      5,525 SF

      Wallace, NE 69169

      GROCERY, SUPERMARKET • 5,525 SF
      Wallace, NE 69169
      View Details
    • Value Estimation
      $510,000
      2,400 SF

      Wallace, NE 69169

      CONVENIENCE STORE • 2,400 SF
      Wallace, NE 69169
      View Details
    • Value Estimation
      $555,000
      4,694 SF

      Wallace, NE 69169

      FINANCIAL BUILDING • 4,694 SF
      Wallace, NE 69169
      View Details
    • Value Estimation by Request
      2,688 SF

      Wallace, NE 69169

      AUTO REPAIR, GARAGE • 2,688 SF
      Wallace, NE 69169
      View Details
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    205 Commercial Ave
    Wallace, NE 69169-8048
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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