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Property profile & analytics
OFF-MARKET
Warehouses
218 Braasch Ave 228 Norfolk, NE 68701-4112
Entity Owned
21-yr Hold
Free & Clear
Property ID
US57-0721386
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1948
Total area
10,513 SF
Lot
0.7 ac (30,624 SF)
Zoning code
COMMERCIAL
APN
590087320
UPID
US57-0721386
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
R G D 2 B LLC · 21 yrs held
R G D 2 B LLC
since 2005
2 recorded transactions
Zoning & alternative use
COMMERCIAL · Norfolk, 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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,891
Tax year 2023
Assessed value
$222,425
Assessed 2023
Previous assessed
$222,425
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$54,312
Assessed improvement
$168,113
Land market value
$54,312
Improvement market value
$168,113
Total market value
$222,425
Applied tax rate
35.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1948
Buildings
2
Stories
1
Total area
10,513 SF
Lot
0.7 ac (30,624 SF)
Zoning code
COMMERCIAL
APN
590087320
UPID
US57-0721386
Jurisdiction
MADISON
Zoning & alternative use
COMMERCIAL · Norfolk, NE
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Norfolk, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Stories
1
Buildings
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
R G D 2 B LLC
Entity
Free & Clear · 21 yrs held
Mailing address
126 N 3RD ST, NORFOLK, NE 68701-4108
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Rgd2b LLC
—
Deed
related
$250,000 · Western National Bank
Feb 7, 2005
—
R G D 2 B LLC
Dudley, Robert G
Assessor Sales History
—
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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