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Property profile & analytics
OFF-MARKET
Estimated value
$3,875,000
Retail space
2200 Webb Rd 2208 Grand Island, NE 68803-1739
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US57-0329594
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Total area
30,312 SF
Lot
3.09 ac (134,629 SF)
Zoning code
03-COMMERCIAL
APN
400292890
UPID
US57-0329594
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
$3.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.88M
Owner & transaction history
Jk Leetch Investments LLC · 5 yrs held
Jk Leetch Investments LLC
since 2020
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+54.1%
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
Method
Estimation
Statistic approach
$3,685,000
ML approach
$3,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,795,000
Current use
RESTAURANT
$4,305,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$3.88M
Range $3.49M – $4.26M · ±10% · vs last sale $4.10M (Nov 18 2020)
Last sale anchor
$4.10M
Nov 18 2020
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
$128 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$33,511
Tax year 2022
Assessed value
$1,844,138
Assessed 2023
Previous assessed
$1,844,138
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$777,659
Assessed improvement
$1,066,479
Land market value
$777,659
Improvement market value
$1,066,479
Total market value
$1,844,138
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1973
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
30,312 SF
Lot
3.09 ac (134,629 SF)
Zoning code
03-COMMERCIAL
APN
400292890
UPID
US57-0329594
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.8M
RESTAURANT
Est. value
$4.3M
RETAIL STORES Current
RESTAURANT
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
1973
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.09 ac
Current owner
From public records · entity-resolved
Jk Leetch Investments LLC
Entity
Mailing address
2208 N WEBB RD, GRAND ISLAND, NE 68803-1754
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
—
Jk Leetch Investments LLC
—
Deed
related
$200,000 · Bruning State Bank
Jun 15, 2023
—
Jk Leetch Investments LLC
—
Deed
related
$1,921,293 · Bruning State Bank
May 17, 2021
—
Jk Leetch Investments LLC
—
Deed
related
$2,050,000 · Equitable Bank
Nov 18, 2020
$4,100,000
Jk Leetch Investments LLC
Raymond J O'connor
Deed
$3,690,000 · Equitable Bank
Aug 6, 2020
—
Literacy C O G I
Raymond J O'connor
Warranty Deed
related
$225,000 · City Of Grand Island
Apr 5, 2016
$10,000,000
Raymond J O'connor
Spirit Spe Portfolio 2006 2 LLC
Special Warranty Deed
$8,000,000 · Exchange Bank
Jan 27, 2006
—
Props Spe Real Est Shopko
Shopko Properties INC
Quit Claim 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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