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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Industrial properties
2201 Thurston Cir Bellevue, NE 68005-2101
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US57-0251328
Property summary
AI-generated overview
This exceptional Class A property at 2201 Thurston Circle offers 9,000 square feet of prime flex industrial space available for lease. Located on a 2.177-acre lot, this single-tenant building totals 15,000 square feet and boasts ample parking with 50+ spaces. Built in 1999, the property is zoned 04-Industrial, providing flexibility for a variety of uses. Currently configured as office space, the landlord is highly motivated to customize the interior to meet the specific needs of a tenant, converting it into industrial flex space as required. The space is highly adaptable, offering the option of leasing the entire 9,000 square feet as a single unit or subdividing it into two 4,500 square foot bays. This presents a unique opportunity for businesses seeking a versatile and well-located industrial space. The property's prime location and flexible layout make it an ideal choice for companies seeking efficient and adaptable workspace. Don't miss this chance to secure this exceptional flex space.
Property profile
Verified
Property type
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
15,000 SF
Lot
2.18 ac (94,871 SF)
APN
11345632
UPID
US57-0251328
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
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.49M
Owner & transaction history
Dfresh Properties LLC · 2 yrs held
Dfresh Properties LLC
since 2023
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+18.3%
Warehouse, storage
$1.9M
+12.4%
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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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
$1,460,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MULTI-TENANT INDUSTRIAL BUILDING
$1,705,000
Current use
RETAIL STORES
$2,020,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,920,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.50M (Oct 6 2023)
Last sale anchor
$1.50M
Oct 6 2023
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
$99 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$31,971
Tax year 2023
Assessed value
$1,514,057
Assessed 2023
Previous assessed
$1,514,057
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$237,178
Assessed improvement
$1,276,879
Land market value
$237,178
Improvement market value
$1,276,879
Total market value
$1,514,057
Applied tax rate
10,002.0000
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
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
10
Total area
15,000 SF
Lot
2.18 ac (94,871 SF)
APN
11345632
UPID
US57-0251328
Jurisdiction
SARPY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MULTI-TENANT INDUSTRIAL BUILDING Current
Est. value
$1.7M
RETAIL STORES
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.9M
MULTI-TENANT INDUSTRIAL BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1999
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
10
Lot
2.18 ac
Current owner
From public records · entity-resolved
Dfresh Properties 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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$1,500,000
Dfresh Properties LLC
Linora Enterprises LLC
Warranty Deed
$1,500,000 · Union Bank & Trust Co
Jun 2, 2004
$650,000
Linora Ents LLC
Graeve,ronald J & Shirley M
Warranty Deed
$1,049,965 · Nebraska State Bank Omaha
—
—
Linora Ents LLC
—
Deed Of Trust
related
$410,000 · Bank Of The West
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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