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    Property profile & analytics

    215 7th St Wayne, NE 68787-2212

    • Drive through restaurants
    • 1,797 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Last Sale
    Aug 21, 2024
    $375,000
    Location Intelligence
    Property ID
    US57-0711576
    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

    • Subway / Takeout Restaurant / Restaurant

    Property Details for 215 7th St

    Year built
    1992
    Lot size
    0.20 lot acres
    Property size
    1,797 SF
    Zone code
    03-COMMERCIAL
    Property type
    Drive through restaurants
    APN
    0004508.00
    APU
    450800

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $300,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $335,000
      Mixed-Use
      $340,000
      Hospitality
      $270,000
      Educational
      $340,000
      Residential Income
      $325,000
      Energy
      $275,000
      Income-Based Land
      $315,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    Nebraska
    Longitude
    -97.0153
    Latitude
    42.2354

    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
    $3,347
    $17,610
    $179,185
    $196,795
    -
    $17,610
    $179,185
    $196,795

    Comparable in this City

    • Value Estimation
      $215,000
      2,831 SF

      617 Tomar Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,831 SF
      617 Tomar Dr, Wayne, NE 68787-1581
      View Details
    • Value Estimation
      $315,000
      2,092 SF

      106 7th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,092 SF
      106 7th St, Wayne, NE 68787-2239
      View Details
    • Value Estimation
      $345,000
      2,260 SF

      618 7th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,260 SF
      618 7th St, Wayne, NE 68787-1503
      View Details
    • Value Estimation
      $245,000
      2,233 SF

      708 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,233 SF
      708 Main St, Wayne, NE 68787-1357
      View Details
    • Value Estimation
      $400,000
      1,268 SF

      209 7th St

      RESTAURANT • 1,268 SF
      209 7th St, Wayne, NE 68787-2270
      View Details
    • Value Estimation
      $220,000
      2,750 SF

      901 7th St

      RESTAURANT • 2,750 SF
      901 7th St, Wayne, NE 68787-1585
      View Details

    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      3.3k
    • Avg Time on site
      17 min
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    215 7th St
    Wayne, NE 68787-2212
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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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