Back to Search
Property profile & analytics
FOR SALE
Commercial land
222 Locust St Hickman, NE 68372
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US57-0082493
For Sale
1 / 15
$124,900
222 Locust St, Hickman, NE 68372
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Total area
1,650 SF
Lot
0.24 ac (10,499 SF)
Zoning code
C1
APN
15-33-219-009-000
UPID
US57-0082493
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
Jeremy Folkerts · 4 yrs held
Jeremy Folkerts
since 2021
Last sale
$68,000
7 recorded transactions
Zoning & alternative use
C1 · Hickman, NE
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 Hickman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hickman 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 2024Property tax & assessments
Tax year 2024
Tax billed
$314
Tax year 2024
Assessed value
$15,800
Assessed 2024
Previous assessed
$15,800
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$15,800
Land market value
$15,800
Total market value
$15,800
Applied tax rate
72.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1900
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
1,650 SF
Lot
0.24 ac (10,499 SF)
Zoning code
C1
APN
15-33-219-009-000
UPID
US57-0082493
Jurisdiction
LANCASTER
Zoning & alternative use
C1 · Hickman, NEZoning C1 · permitted uses
C1 · Hickman, NE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Redacted 2023 Zoning
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Jeremy Folkerts
Individual
Mailing address
16262 S 26TH DR, ROCA, NE 68430-4342
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
$68,000
Jeremy Folkerts
Christopher Farabee
Warranty Deed
$65,976 · First State Bank Nebraska
Nov 13, 2012
$32,500
Christopher D Farabee
Nationstar Mtg LLC
Grant Deed
—
Oct 9, 2012
$45,000
Nationstar Mtg LLC
Lemp Eric
Trustees Deed
related
—
Jan 25, 2006
$100,000
Timothy B Excell
Jennifer Excell Debusk
Survivorship Deed
related
$95,000 · Homecomings Financial Network INC
May 26, 2004
$91,000
Jennifer E Debusk
Becher,g G & Jana M
Warranty Deed
$91,000 · Irwin Mortgage Corp
Aug 7, 2001
$78,000
Brett Coler
Hardy,kathy
Grant Deed
$62,400 · Lincoln Fsb Of Nebraska
Jun 2, 1999
$40,000
Kathy Hardy
Parde,harold E & Meredith J
Grant Deed
—
—
—
Kathy Hardy
—
Deed Of Trust
related
$7,670 · Citifinancial INC
—
—
Kathy Hardy
—
Deed Of Trust
related
$10,621 · Citifinancial INC
—
—
Kathy Hardy
—
Deed Of Trust
related
$52,500 · Wells Fargo Home Mortgage INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
