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    Property profile & analytics

    221 Main St Wayne, NE 68787-1924

    • Retail properties
    • 2,708 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $155,000
    Last Sale
    Mar 06, 2023
    $145,000
    Location Intelligence
    Property ID
    US57-0919357
    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

    • I Wet My Plants / Florist

    Property Details for 221 Main St

    Year built
    1900
    Lot size
    0.09 lot acres
    Property size
    2,708 SF
    Zone code
    03-COMMERCIAL
    Property type
    Retail properties
    APN
    0002770.00
    APU
    277000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $170,000
      6.5%
      $155,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $155,000
      Retail
      $190,000
      Mixed-Use
      $160,000
      Hospitality
      $170,000
      Educational
      $160,000
      Residential Income
      $155,000
      Energy
      $185,000
      Income-Based Land
      $200,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    Nebraska
    Longitude
    -97.0174
    Latitude
    42.2312

    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
    $1,887
    $7,500
    $103,470
    $110,970
    -
    $7,500
    $103,470
    $110,970

    Comparable in this City

    • Value Estimation by Request
      1,962 SF

      217 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,962 SF
      217 Main St, Wayne, NE 68787-1924
      View Details
    • Value Estimation by Request
      2,880 SF

      305 Main St

      LAUNDROMAT (SELF-SERVICE) • 2,880 SF
      305 Main St, Wayne, NE 68787-1944
      View Details
    • Value Estimation
      $770,000
      20,553 SF

      517 Dearborn St

      GROCERY, SUPERMARKET • 20,553 SF
      517 Dearborn St, Wayne, NE 68787-2243
      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
      $280,000
      10,832 SF

      509 Dearborn St

      MINI-MALL • 10,832 SF
      509 Dearborn St, Wayne, NE 68787-2272
      View Details
    • Value Estimation
      $230,000
      1,789 SF

      614 Main St

      AUTO REPAIR, GARAGE • 1,789 SF
      614 Main St, Wayne, NE 68787-1930
      View Details
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    221 Main St
    Wayne, NE 68787-1924
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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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